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this post was submitted on 08 Nov 2024
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Socialism
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China is the second country in the world by number of billionares. In europe cinese businessmen with ties to the government have been buying football clubs and luxury shit for a decade.
Unlike in capitalist states[1][2], the Chinese billionaires don’t run the Chinese state[3][4].
A "curious approach on billionares" sound much like billionares apologia to me. China has greedy vermin billionares like the rest of the world. A quick search for "chinese megayachts" will show what you are looking for.
They aren't perfect, and as stated elsewhere they are in a period of Dengist based socialism. However, they are extremely successful, very popular within their country from all sources that could be called evidence (especially compared to the US government), and do far less to acquiesce to the billionaires compared to West, seemingly (charging and sentencing billionaires for corruption, cracking down on financiers, etc). I think another user had a good point too about looking at the amount they have per capital.
They are the most successful nation practicing a form of socialism in the modern world and offering an alternative to liberal capitalism.
There's a reason it's called critical support.