• Cowbee [he/they]@lemmy.ml
      link
      fedilink
      arrow-up
      25
      arrow-down
      12
      ·
      17 hours ago

      The large firms and key industries are publicly owned, and the working class is in control of the state while capitalists are suppressed and prevented from expanding into those principal firms and industries. It’s been socialist since the CPC successfully overthrew the nationalists.

      • pillowtags@lemmy.dbzer0.com
        link
        fedilink
        arrow-up
        10
        arrow-down
        9
        ·
        14 hours ago

        I’m sorry, the working class is in control of the state? I’d love to hear something to back up such a strong statement.

        • Cowbee [he/they]@lemmy.ml
          link
          fedilink
          arrow-up
          14
          arrow-down
          1
          ·
          13 hours ago

          The communists overthrew the nationalists, and since then public ownership is the principle aspect of the economy. Democracy was expanded and is comprehensively surveyed from the bottom-up, and capitalists are kept in check by the socialist state.

          What exactly do you want to read about? That’s a broad question, if you narrow it down a bit I might be able to give you a more focused answer.

          • pillowtags@lemmy.dbzer0.com
            link
            fedilink
            arrow-up
            7
            arrow-down
            10
            ·
            12 hours ago

            What does “public ownership” mean? They’re not paying dividends to every Chinese citizen, right? I assume you mean “the state”, in which case I’m not seeing your point.

            • Cowbee [he/they]@lemmy.ml
              link
              fedilink
              arrow-up
              12
              arrow-down
              3
              ·
              12 hours ago

              Public ownership doesn’t mean receipt of dividends, like some kind of massive cooperative. It means owned across all of society. The state handles that in socialism, yes, China is socialist.

              • pillowtags@lemmy.dbzer0.com
                link
                fedilink
                arrow-up
                3
                arrow-down
                10
                ·
                11 hours ago

                OK but you said public ownership as a part of how “the working class” is in control of the state, and this sounds like not that.

                • Cowbee [he/they]@lemmy.ml
                  link
                  fedilink
                  arrow-up
                  12
                  arrow-down
                  2
                  ·
                  11 hours ago

                  The state is an extension of the ruling class, it isn’t an independent entity. Ownership of the state is largely determined by which aspect is principle, private ownership, public ownership, etc. In China, public, collective ownership is principle, and the communists created a socialist state after overthrowing the nationalists.

                  I’m not seeing your point.

                  • pillowtags@lemmy.dbzer0.com
                    link
                    fedilink
                    arrow-up
                    2
                    arrow-down
                    10
                    ·
                    11 hours ago

                    You said “the working class is in control of the state”, and I was looking for some argument to support that. I think Xi is in charge of the state, and I don’t think the working class gets much say in that.

      • village604@adultswim.fan
        link
        fedilink
        English
        arrow-up
        5
        arrow-down
        19
        ·
        17 hours ago

        China is a socialist market economy, not a socialist economy.

        You can’t have a stock market and be a socialist economy.

        • Cowbee [he/they]@lemmy.ml
          link
          fedilink
          arrow-up
          30
          arrow-down
          2
          ·
          edit-2
          17 hours ago

          Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn’t a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu’s diagram of the stages of socialism:

          China presently is in the primary stage, but is at this point well along to the next stage, the intermediate. These aren’t hard lines or jumps, but gradually worked through and towards.