Private property and markets can’t just be abolished immediately after a revolution, it’s not magic. Young socialist systems have to go through a transitional phase during which private property and markets are still allowed under strict oversight of the state.
That makes sense
His does not make them capitalist as the proletariat still has control over this private sector via the socialist state, such as in China where all of the essential industry that is necessary for every other, known as the commanding heights, are fully state owned
Okay… but when will this “transitionary period” finish.
If a “transitionary period” takes more than a decade at what point do we say “they aren’t transitioning” and call it what it is, state owned capitalism.
Okay, what proof is there China has been making progress on the transition?
That’s approximately the time Xi has been president. Since 2012. I’m not going to place blame on him for regimes before him.
When Lenin attempted to implement this transition he eventually fell ill and was unable to prevent Stalin’s authoritarian takeover.
It seems as though there needs to be some time limit on having full state power consolidated in one place because every regime change risks the goals being changed.
If a leader gets in who realizes that having a board seat on powerful companies can benefit them personally, and they decide not to transition, what can be done at that point?
China was the second-largest supplier of the US in 2024, with goods valued at $462.62 billion.
Capitalism will remain the dominant mode of production as long as China continues to play a key role in funding of the American economy and continuing to loan them increasingly more money.