this post was submitted on 31 Aug 2025
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[–] SatansMaggotyCumFart@piefed.world -2 points 3 months ago* (last edited 3 months ago) (4 children)

Julan Du and Chenggang Xu analyzed the Chinese model in a 2005 paper to assess whether it represents a type of market socialism or capitalism. They concluded that China's contemporary economic system represents a form of capitalism rather than market socialism because: (1) financial markets exist which permit private share ownership—a feature absent in the economic literature on market socialism; and (2) state profits are retained by enterprises rather than being distributed among the population in a social dividend or similar scheme, which are central features in most models of market socialism. Du and Xu concluded that China is not a market socialist economy, but an unstable form of capitalism.

Source.

[–] yogthos@lemmy.ml 15 points 3 months ago (1 children)
[–] Cowbee@lemmy.ml 12 points 3 months ago (1 children)

That's a very liberal understanding of socialism, and explicitly rejects the fact that China is in the beginning stages of socialism, not claiming it's a higher stage. The large firms and key industries are publicly owned, while the medium and small firms are cooperatively owned, privately owned, or joint-stock. Cheng Enfu made a model to make it easier to understand:

[–] CaliforniaSober@lemmy.ca 5 points 3 months ago

Blah blah blah [points to China] “is this Ronald Reagan? “

Cite whatever paper you like this is dumbest take possible…

[–] TheOubliette@lemmy.ml 4 points 3 months ago* (last edited 3 months ago) (1 children)

"Two Chinese said it. What, that isn't enough for you tankies!?"

  • A definitely-not-racist liberal.
[–] SatansMaggotyCumFart@piefed.world -2 points 3 months ago (1 children)

You’re accusing me of being racist because the source I quoted is written by someone in London and Hong Kong?

[–] TheOubliette@lemmy.ml 3 points 3 months ago (1 children)

I'm calling your tokenizing logic racist. The lack is thought you put into the entire endeavor. I cannot imagine being this lazy, incurious, and racist. Sort yourself out.

[–] SatansMaggotyCumFart@piefed.world -2 points 3 months ago (1 children)

I’m well sorted and well adjusted thank you very much for your concern though.

[–] TheOubliette@lemmy.ml 5 points 3 months ago (1 children)

No, you are arrogant and this leads you to false confidence that you can correct people who know more than you by hastily googling, "studies that say China is capitalist" and quoting the first result, patting yourself on the back, and thinking, "you did well, kid".

Get your racist shit out of here.

[–] SatansMaggotyCumFart@piefed.world -2 points 3 months ago (1 children)

I’m unsure why you think you know me well enough to know what I know or don’t know.

[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

You think I can't read your comments or something? This is a habit of yours.

[–] SatansMaggotyCumFart@piefed.world -1 points 3 months ago (1 children)

You are the first person here to ever accuse me of being racist and that’s including my Lemmy.world account with the same name that I’ve had for over two years.

[–] TheOubliette@lemmy.ml 5 points 3 months ago (1 children)

Lemmy.world tolerates racism, same as what it wants to be, Reddit. And likely so does the society you live in.

Like I said, sort yourself out.

[–] SatansMaggotyCumFart@piefed.world 0 points 3 months ago (1 children)

I feel like you’re attacking me instead of the facts I laid out because you feel like it’s easier.

[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

You didn't lay out any facts. Did you forget what I'm criticizing you for already?

I don't hear any sorting! Just whining to justify yourself. Get to it!

[–] SatansMaggotyCumFart@piefed.world 0 points 3 months ago (1 children)

You’re criticizing me for being racist because the study I used as a source was written by someone in England and someone else in Hong Kong.

[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

And the bad faith malding continues.

[–] SatansMaggotyCumFart@piefed.world 1 points 3 months ago (1 children)

Sorry if I misunderstood.

What are you accusing me of being racist for?

[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

Scroll up. You're going in circles.

[–] SatansMaggotyCumFart@piefed.world 0 points 3 months ago (1 children)
[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

Nope just you. Kinda sad that your defense response is to pretend to be illiterate.

[–] SatansMaggotyCumFart@piefed.world 0 points 3 months ago* (last edited 3 months ago) (1 children)

I’m just trying to understand your point.

Should I be insulting you by calling you an illiterate racist instead?

[–] TheOubliette@lemmy.ml 4 points 3 months ago (1 children)

I already explained and you avoided it and started doing this pitiful little song and dance. Maybe you can pay someone to take you seriously, because I don't think anyone is going to do it for free.

Goodbye, chump

[–] SatansMaggotyCumFart@piefed.world 1 points 3 months ago (1 children)

If I made a comment like this directed to you I would definitely get a rule one removal.

But I wouldn’t do that because I think it’s rude anyways.

[–] TheOubliette@lemmy.ml 2 points 3 months ago