alt Hacker NewsIn the age of Mao, wasn't it closer to Marxism? There are more billionaires in China now, then there were back then. By that I mean, the wealth disparity in China is at an all-time high now, is it not? Xi removed the 2-term limit from his own position, and has been doing an excellent job at consolidating his power base, through all means necessary.
Disclaimer: I believe that pure "capitalism" and pure "communism" are marketing terms which both lead to authoritarianism, aka the "Horseshoe Theory of politics." To me, the natural end-state, if we survive the extremists is Social Democracy. However, it's boring and everyone appears to find the extremes far more exciting.
Replies
>In the age of Mao, wasn't it closer to Marxism?
Not really, marxism is a way of looking at the world, not an economic system in itself
>There are more billionaires in China now, then there were back then
They hadn't even built capitalism fully, so it makes sense that there was less capital
>By that I mean, the wealth disparity in China is at an all-time high now, is it not?
it is, and they're currently working on how to deal with that
>Xi keeps remove the 2 term limits from just position, and has been doing an excellent job at consolidating his power base, through all means necessary.
Sure, but that's just politics. Ultimately if the majority of the party had a problem with him he wouldn't be in power for long before a coup or a request for him to step down happened
China was completely mucked up economically under Mao, especially around the cultural revolution. I went there in 1983 when GDP per capita was like $300 and it was a bit prison camp like. It's changed a lot.