China ChiCom News Thread
- Thread starter LordsFire
- Start date
Why do you say that?
They seem to be pulling everything under the state flag?
LordsFire
Internet Wizard
I was comparing Chinese economics now to their own economics of the past, not to the USSR.
I'm quite aware that they're different, but the current leadership suffers from the same kind of ideological blindness that Mao, Stalin, etc, did. They will not necessarily make the same mistakes. Regarding completely incompetent farming, I don't think it's even likely that they will, but they're certainly capable, and are very likely to make many others besides.
Only if you're one of the billionaire's too stupid to get out of China.
Ah yes, the good ol' fallback argument of any modern commie:
"It was not REAL communism!!1!"
Bassoe
Well-known member
Difference here is, we’re arguing that it Isn’t Real Communism because it’s working.
liberty90
Evil Neoliberal Cat
As is usually the case, it depends on how words are defined. If "communism" is understood as "country ruled by party with communist in name", then both China 1965 and China 2021 are "communist", indeed.
If we understand "communist" as "a country with all significant means of production state-owned or collectively owned" then China 1955 was communist, while China 2021 is not communist, no.
Meanwhile Hainan is still becoming one of the worlds biggest free trade zones. "everything" certainly sounds like a too strong word.
Terthna
Professional Lurker
You do realize that the CCP inserts a party official into every company, who's job it is to make sure that said company doesn't do anything they don't like, right? They may not directly own them, but they do control them to a far greater extent than any other "capitalist" nation.
"Free trade" zone, right; and if you believe that, I've got a bridge I can sell you.
liberty90
Evil Neoliberal Cat
In Russia people need political connections with the Kremlin to be truly rich, or they tend to end badly. In India, it's illegal to fire people from their work in bigger enterprises, without special permit. In the United States, it's often illegal to build a skyscraper without a few years of environmental reviews.
Now, some of these things are different than others, but generally speaking it's usual for modern sources of power to ensure that the companies "doesn't do anything they don't like".
Perhaps United Arab Emirates are the special case, as their authoritarian capitalism is truly more free-market based than most nations in the world, but they started their engine on controls over oil.
Reality is of course very complicated, and borders are of course unclear.
The One Char
Well-known member
In other words, they're Fascist.
liberty90
Evil Neoliberal Cat
It's closer to 1935-Italy than 1935-USSR, yes!
The One Char
Well-known member
So still Socialist.
TyrantTriumphant
Well-known member
It looks like China may be in trouble. The Chinese real estate developer Evergrande has said that they will soon be unable to pay their debts. Which is understandable as they owe 300 billion dollars.
Unless the Chinese government bails them out China may see a total real estate collapse. But if they do that then other groups are going to demand a bailout too.
The Chinese stock market has already taken a hit, and things don't seem likely to get better soon. I'm interested in how this turns out.
Unless the Chinese government bails them out China may see a total real estate collapse. But if they do that then other groups are going to demand a bailout too.
The Chinese stock market has already taken a hit, and things don't seem likely to get better soon. I'm interested in how this turns out.
The United Kingdom banned the Chinese Ambassador to said United Kingdom from speaking before Parliament over sanctions that China issued against UK parliament members because said UK Parliament members made comments speaking out against Chinese actions and behavior towards Uighers in the Xinjiang Province.
Among those sanction by China include were former Conservative Party leader Iain Duncan Smith and Tom Tugendhat, the chairman of parliament’s Foreign Affairs Committee for supporting a so-called "Genocide Amendment" which was supposed to limit British investment in China but apparently tabled.
www.aljazeera.com
Al Jazeera said:
Among those sanction by China include were former Conservative Party leader Iain Duncan Smith and Tom Tugendhat, the chairman of parliament’s Foreign Affairs Committee for supporting a so-called "Genocide Amendment" which was supposed to limit British investment in China but apparently tabled.
China’s UK ambassador banned from parliament over sanctions
Zheng Zeguang was due to speak at an event on Wednesday, but speakers said it was ‘inappropriate” for him to attend.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Protests Spread As China's Real Estate Giant Evergrande Mired in Debt
The company has taken prepayments from thousands of ordinary families for properties not yet built.
www.rfa.org
gral
Well-known member
Evergrande's total debt is at US$ 305 billion. They're trying desperately to get the Chinese government to accept their debt reestructuring proposal, but this will only kick the can forward.
Protests Spread As China's Real Estate Giant Evergrande Mired in Debt
The company has taken prepayments from thousands of ordinary families for properties not yet built.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
gral
Well-known member
Biggest problem(and the reason why bailing Evergrande will ultimately be futile) is land prices. Land being horribly expensive is one of the big reasons real estate companies are in so much debt, yet these prices won't go down, because selling land is the main source of revenue by far for local government in China.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
I blame Corona chan.