this post was submitted on 14 Dec 2024
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[–] cqst@lemmy.blahaj.zone -3 points 1 day ago (1 children)

Because the Chinese state has fiat monetary sovereignty, it doesn’t function in the capitalist mode.

Yeah all nation states have this. Countries that don't call themselves socialist have state owned enterprise and turn a profit. Non-seqitur.

[–] davel@lemmy.ml 5 points 1 day ago

All states don’t have it, actually. None of the Eurozone states do, for instance, and the US didn’t until 1971.

You don’t seem to be engaging with the content I’ve posted, but here’s one by Gabriel Rockhill anyway: How The Left Should Analyze the Rise of a Multipolar World, China, Russia & BRICS