China abandoned socialism because they use markets.
No, but because most money, gdp (3/4), companies and work (80%) etc is fully privately owned with no state ownership at all, because the workers rights are not improving (gig economy booming, retirement going up, vacation being 5 days per decade of work experience, no practical sick leave, the second employment system), because giant companies are slapped on the wrist for transgression and personal C-levels punishments for shit they do like Pinduoduo
Next you’ll be telling me that China and Vietnam abandoned socialism because they use markets.
No, but because most money, gdp (3/4), companies and work (80%) etc is fully privately owned with no state ownership at all, because the workers rights are not improving (gig economy booming, retirement going up, vacation being 5 days per decade of work experience, no practical sick leave, the second employment system), because giant companies are slapped on the wrist for transgression and personal C-levels punishments for shit they do like Pinduoduo
please stop smoking crack, it’s not good for you https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among
You do know those are not the same? Its literally like saying that USA citizens live good life because S&P is over 50k.
Edit: and if you don’t believe me about gdp, here you have PRC press release from 3 years ago about Privately owned enterprises (POE means no government shares) http://english.scio.gov.cn/m/pressroom/2022-06/29/content_78295756.htm , ans here you have Daecheng Institute listing pure State Owned Enterperprise GDP https://zhuanlan.zhihu.com/p/720545740 at below 30%.
That sounds more like Worst Korea than China or Vietnam.
The Cuban social system is not being abandoned because they wanted to but because the US successfully imposed it on Cuba.
Cuban social system isn’t being abandoned period. Please stop spreading ultra nonsense on here.