this post was submitted on 28 Jan 2025
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They're not Marxist-Leninists at all though... They're just a highly regulated form of capitalism.
The government doesn't own Tencent, they just keep a strong grip on them. They have their own billionaires, the factories have owners, companies bid to fulfill government contracts, you apply for a job and get paid what they offer. It's just capitalism
Their government does a lot more than in the US and has a lot more influence, and they do influence the market more... But that's just regulation and public services
They basically do what we did to tik tok. The US government can revoke a corporate charter for any or no reason, China just actually uses this authority actively
They claim to be Marxist-Leninists, explain their actions, and have an economy driven by Marxist-Leninist analysis. They have Markets, yes, but markets aren't the same thing as Capitalism itself. Rather, they have a Socialist Market Economy, which is driven by public ownership and planning of heavy industry, energy, finance, infrastructure in general, etc and have partial private ownership over light industry.
By what reasons do you say they aren't what they say they are? What do you think their economy would look like if they were "true Marxist-Leninists" in your eyes? When does an economy become "Capitalist" and when does it become "Socialist" in your eyes?