-2 votes

Is China Becoming More Capitalist Than the USA?

...With ONLY 80 million out of 1.2 BILLION now self-identifying at Communist, more and more common citizens becoming millionaires and billionaires, a vibrant and growing middle class, and a move towards the gold standard...you have to wonder.
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General Motors sold more cars in China than in the United States in the first half of 2010, and China now accounts for one-quarter of the company's global sales. That seems like a lot of capitalism for a country that calls itself communist. How communist is China, really?

Not very. Since the end of the Cultural Revolution in 1976, China has all but abandoned the tenets of classical Marxism, including collective ownership of the means of production. Nowadays, just about everything is at least partly privatized. Whereas the Chinese Communist Party under Chairman Mao owned every factory and farm in the nation, the economy is now a patchwork of public and private businesses. Schools can also be state-run or private. Entitlements have also been cut way back since the days of true communism, with minimal state-provided health care and social security programs. We associate socialist countries with confiscatory tax rates, but taxes aren't especially high in China. (Chinese corporations pay 25 percent and individuals between 5 and 45 percent—numbers roughly comparable to those in the United States.) Read more at...

http://www.slate.com/articles/news_and_politics/explainer/20...

Even the Chinese Ambassador to the UK recently fessed up that China isn't really Communist...

http://www.theepochtimes.com/n2/china-news/chinese-ambassado...

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Under

Communism the state owns everything. Under Capitalism the central banks owns everything.

Different branches to the same system.

"The establishment of a central bank is 90%
of communizing a nation." — Vladimir Lenin

Luke 3:38
Isaiah 43:3-5

it is nice to see

someone looking at facts instead of propaganda, keep looking, you will find out more than you have previously could have imagined as you go.there are a few countries that are still called communist nations that have learned that it is terrible and are now either mostly or all capitalist nations, all of them have more rights than the US does.

Uh, I don't know if you're

Uh, I don't know if you're actually trying to say that China somehow practices capitalism? I'm sorry, but I don't see any free market ideology coming from over there. It's still very much a state-run economy seeing the same artificial wealth increase that the United States did several decades ago. Just because some fragments of private enterprise are being allowed to cooperate with their government doesn't make it somehow "more capitalist." There's no such thing as state-run capitalism.

"General Motors sold more cars in China than in the United States in the first half of 2010, and China now accounts for one-quarter of the company's global sales. That seems like a lot of capitalism for a country that calls itself communist. How communist is China, really?"

I don't get how car sales make a country capitalist.

Simple Facts and Plain Arguments
A common sense take on politics and current events.

www.simplefactsplainarguments.com

You have to read more than the first sentences to find out

Quite simply, China is no longer a communist country.

If we are looking for evidence of communism in China, the first and most important place to look is at the economy. The economy in China is now decidedly capitalistic in nature. Average Chinese citizens can start their own businesses and put their income into private bank accounts. Chinese citizens can buy stocks in companies and enjoy the revenues or suffer the losses. As of just a few years ago, private property rights have been greatly enhanced in China, and Chinese people can now be more secure that their land will not be taken away from them. Let us not forget about the heavy international investment that has been permitted in China which has played a major role in fueling this developing and booming economy. As a result, there are very rich people and very poor people in China as well as an emerging middle class. Chinese citizens, who always carried a good sense for business but were restricted from entrepreneurship in the past have now been more free to take risks and build successful companies. Thus capitalism has transformed the Chinese economy and changed people’s lives forever.

http://teachabroadchina.com/china-not-communist-country-ccp/

Hong Kong and

Macau may be "Westernized" but the rest of the country is nothing like those two areas.

Hmm.

Executed for political dissent.

http://therealrevo.com/blog/wp-content/uploads/2009/09/Chine...

I could go on but...

That doesn't prove they're communist though

so please DO go on. lol

Like I wrote above, only 80 million self-identify as Communist out of 1.2 BILLION people so ...

They still are,

They still are, politically.

The irony is that the Communist leadership structure is geared toward capitalist ends.

Southern Agrarian

But only in name only since they abandoned Marxism in 1976

Billionaires and a vibrant middle class wouldn't exist in China if they were really communist.