What is the difference between Chinese socialism and Western capitalism?

[beijingwalker]

What is the difference between Chinese socialism and Western capitalism?
In 1972, someone asked Chairman Mao Zedong: "If capitalism were restored in China again, will the common people endure hardship again?"

 

[Mista]

I don't consider China to be socialist. What's so socialist about it other than the SOEs and in name? It's more capitalistic than most Western countries, on par with the US.

In Europe, they have strong labor unions to fight for workers rights. That's why they have some of the shortest working hours and best worker benefits in the world.

Meanwhile in China, you have some capitalist openly endorsing 996 working culture. Workers slaving over a property, while those who own multiple properties are getting richer through rents and property appreciation. That's like the embodiment of capitalism lol.

 

[Place Of Space]

Goal pro and ballot pro...

 

[TaiShang]

I believe Capitalism in the developed West is going through its cycle of diminishing returns on (war) investment.

Imperialism, as a lower form of colonialism, is dying.

As the profits accrued through forms of warfare decline, internal fighting grows in several Western countries led by the US.

Incapacity to canalize aggression toward external enemies renders internal competition to get severe, leading to extreme concentration of wealth and power, and impoverished mass.

So, Capitalism, unable to explode outward due to nuclear multipolarity, tends to explode inward.

China's Socialism in its unique form provides a cushion for general people, and ensures stable growth in the midst of several global systemic crises.

 

[redtom]

I don't consider China to be socialist. What's so socialist about it other than the SOEs and in name? It's more capitalistic than most Western countries, on par with the US.

In Europe, they have strong labor unions to fight for workers rights. That's why they have some of the shortest working hours and best worker benefits in the world.

Meanwhile in China, you have some capitalist openly endorsing 996 working culture. Workers slaving over a property, while those who own multiple properties are getting richer through rents and property appreciation. That's like the embodiment of capitalism lol.

Chinese and non-Chinese have different understanding of socialism.

Even people who are friendly to China and have read many communist books, what he thinks of socialism is called dogmatism in the eyes of Chinese people.

Of course, China’s form does not conform to classic socialism, but I think we still have the core of socialism.

We are also always worried about losing this core, which is consistent with foreigners’ belief that China is not socialist.

 

[FairAndUnbiased]

I don't consider China to be socialist. What's so socialist about it other than the SOEs and in name? It's more capitalistic than most Western countries, on par with the US.

In Europe, they have strong labor unions to fight for workers rights. That's why they have some of the shortest working hours and best worker benefits in the world.

Meanwhile in China, you have some capitalist openly endorsing 996 working culture. Workers slaving over a property, while those who own multiple properties are getting richer through rents and property appreciation. That's like the embodiment of capitalism lol.

Nazi Germany had great welfare for white German males and Imperial Britain had great welfare for white British males.

Soviet Union had poor working conditions and even imported Ford production methods from the US meant to work people even harder.

By your logic...

Or maybe Europe has much higher GDP per capita so they can afford it. Maybe this GDP per capita was built on the foundation gained by robbing their colonies in the past.

Instead compare apples to apples and compare China to other developing countries with similar GDP per capita, and look at income equality/labor hours compared to them. Like Mexico? Argentina? Russia? Brazil? Malaysia?

 

[letsrock]

I don't consider China to be socialist. What's so socialist about it other than the SOEs and in name? It's more capitalistic than most Western countries, on par with the US.

In Europe, they have strong labor unions to fight for workers rights. That's why they have some of the shortest working hours and best worker benefits in the world.

Meanwhile in China, you have some capitalist openly endorsing 996 working culture. Workers slaving over a property, while those who own multiple properties are getting richer through rents and property appreciation. That's like the embodiment of capitalism lol.

Socialism/capitalism is about means of ownership not about how many hours people work. SOE cannot be really capitalist in the sense eventually their profits are owned by entire society.

 

[ILC]

Socialist housing in Shenzhen

 

[letsrock]

Socialist housing in Shenzhen

But china does have pretty good social housing. Atleast going by the innumerable videos here. IN remote places chinese govt built excellent quality housing for free for poor.

 

[CatSultan]

I SMELL COMMIE

 

[Place Of Space]

I SMELL COMMIE

Learn how to respect, do your Allah teach you?

 

[Viva_Viet]

I don't consider China to be socialist. What's so socialist about it other than the SOEs and in name? It's more capitalistic than most Western countries, on par with the US.

In Europe, they have strong labor unions to fight for workers rights. That's why they have some of the shortest working hours and best worker benefits in the world.

Meanwhile in China, you have some capitalist openly endorsing 996 working culture. Workers slaving over a property, while those who own multiple properties are getting richer through rents and property appreciation. That's like the embodiment of capitalism lol.

That's why EU can't even manufacture a simple medical mask now due to very high labor costs while CN make huge money from selling PPE bcs they only pay 62 usd per month for their textile workers

Socialist housing in Shenzhen

Expensive housing prices while salary is super low

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Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s fashion line and other brands worked nearly 60 hours a week to earn wages of little more than $62 a week, according to a factory audit released Monday.

China's textile, garment exports expand in November

Doesn't change the fact that most of your work is doing sweatshop labor for foreign brands. They got very low salary, dont know why CN GDP per capital is 10,000 $ now. Its a super fake data :lol: --------- Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s...

defence.pk

 

[TaiShang]

But china does have pretty good social housing. Atleast going by the innumerable videos here. IN remote places chinese govt built excellent quality housing for free for poor.

China is among the top in terms of universal home ownership. Government affordable housing is very common.

Most young people have a home of their own before they graduate.

Envy from Taibei...

 

[Viva_Viet]

China is among the top in terms of universal home ownership. Government affordable housing is very common.

Most young people have a home of their own before they graduate.

Envy from Taibei...

Their own homes ?? How can they buy houses when only receiving 62 usd per week??? Not mentioning 600 millions Cnese earning less than $140 per month.

Lying is bad ,specifically when u r teacher

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Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s fashion line and other brands worked nearly 60 hours a week to earn wages of little more than $62 a week, according to a factory audit released Monday.
https://www.washingtonpost.com/busi...fe6608-2924-11e7-b605-33413c691853_story.html

 

[TaiShang]

Their own homes ?? How can they buy houses when only receiving 62 usd per week??? Not mentioning 600 millions Cnese earning less than $140 per month.

Lying is bad ,specifically when u r teacher

-------

Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s fashion line and other brands worked nearly 60 hours a week to earn wages of little more than $62 a week, according to a factory audit released Monday.
https://www.washingtonpost.com/busi...fe6608-2924-11e7-b605-33413c691853_story.html

China Is Likely First Country to Reach 96% Urban Home Ownership, PBOC Says

(Yicai Global) April 27 -- China may be the first country in the world to have reached a 96 percent urban home ownership rate, according to the central bank.

In an article the People’s Bank of China published in its China Finance journal today it also noted that the bulk of assets held by urban families is physical.

Home ownership in developed countries is mostly around the 60 percent level, according to data from Trading Economics. In the US, the figure was 65.1 percent at the end of last year, US Department of Commerce statistics show. The PBOC report puts China’s home ownership 28.5 percentage points ahead of the US.

The reports also said Chinese urban households prefer risk-free financial assets, with homes making up nearly 70 percent and financial assets 20.4 percent.

The average wealth of urban households is CNY3.18 million (USD449,200), with a median value of CNY1.63 million, per the report. The difference between the two is about CNY1.55 million, indicating an uneven distribution of household assets.

China Is Likely First Country to Reach 96% Urban Home Ownership, PBOC Says

www.yicaiglobal.com

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Young people working in big cities tend to buy homes in smaller inland cities.