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Revision as of 12:36, 13 September 2024
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22 November
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← Back to all essays | Author's essays Why China is not Capitalist
by GojiraTheWumao
Published: 2023-03-14 (last update: 2024-11-22)
165-250 minutes
There have been many controversies around China's Socialist nature or not and the current economic system of China occured. China remains, to this day, a Marxist-Leninist nation. This article will primarily be tackling it's internal economic policy and attitude towards the markets, as well as how the nature of the state and market coincide with each other.
This essay demonstrates the historical context, ideological origins and justifiactions of China's economic model, known as the "Socialist Market Economy." I will also go into the specific mechanisms of the Socialist Market Economy itself, and how it contradicts "Capitalist logic", while simultaneously maintaining the dominant position of Public Ownership. And how the Socialist Market Economy/People's Republic of China continues to provide and improve the material quality of the life of the average Chinese person.
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