Travis B. wrote: ↑Mon Mar 23, 2026 11:55 am
The key thing, though, is that it is really the people who came
after Mao, such as Deng Xiaoping, who can really be credited for lifting much of the Chinese population out of poverty (remember that Mao presided over the Great Leap Forward and everything
that entailed). Of course, if one ignores the Great Leap Forward and the Cultural Revolution, China under Mao
was an improvement over China before him, but that is not saying much considering how China was before the Communists took power.
this is indeed true. often it is claimed that it was xiaoping's reforms that made things better, but if this is to be believed
https://www.statista.com/statistics/104 ... -all-time/ then the great leap forwards was a cessation of an otherwise continuous process of improvement in living conditions that starts around the start of the chinese revolution.
I'm leaning more and more to life expectancy as a metric of welfare, as opposed to measures based on units of currency like the poverty line. it's simpler and quite direct, and sort of collects info from all sorts of different things such as stress, quality of diet, healthcare and so on and so on: all sorts of bad things affect your life expectancy. the goal, after all, is not to have many units of currency going around, but rather for the world to be the sort of place humans can do well at.
zompist wrote: ↑Wed Mar 18, 2026 4:39 am
I think left vs right explains almost none of the current situation. There are some tankies who think that China and even Russia are still communist. Well, no, they're not, they're capitalist, just with a strong authoritarian state. Arguably the Chinese
are "the most prominent capitalists in the world"; it's one of the few places in the world where capitalism works-- e.g., by having so much capitalist competition that corporate profits are low. (See my
review of Breakneck.) But I suppose it'll be a generation before the world realizes it.
soo... low corporate profits are a sign of capitalism, the system where the operating principle is maximizing corporate profits?
anyway, i disagree. china isn't (and few people claim that it is) a country that has achieved full communism in the sense of a stateless classless moneyless society blabla, but it still has a lot of remarkable differences with what we generally mean by "a capitalist country". a few are
a quarter of the GDP, half of market cap, a bit under a third of corporate profits and something like a tenth of employment is directly state-owned companies. sure, you can call that state capitalism if you want, but the same can be said about the soviet union. also, there's a lot of coops. sure, there's a big private sector as well, but hey.
even in fully private companies, the party has a lot (and I do mean A LOT) of power. ownership is a legal fiction, after all, so power is at least also a consideration: all companies over a certain size, as i understand it, have a literal office of the party, party representatives on the board, and a whole set of bureaucratic procedures through which the party can say "no, the company isn't going to do A, it's going to do B!"
the ruling party is officially the communist party of china. they say they're trying to do communism, study communism in uni, argue with each other about what to do about this and that using communist arguments, and so on.
they have five year plans, and they're not dead letter either: private companies, and SOEs of course, are accountable for fulfilling it. the CPC says "yo guys we're gonna develop renewables" and the chinese economy, in fact, develops renewables. they CPC says "yo, its time for trains" and, in fact, the chinese build trains.
the banks are neither owned by private individuals, foreign interest, nor ran by independent technocrats: instead, they are governed by the communist party. they don't run on maximization of profits, not solely at least, but also they explicitly funnel resources into areas deemed strategic by the party, as per party directives, five year plans and so on
land is not privately owned. its either owned by rural councils or by the state. sure, you can buy a 99 year lease, but that's different from ownership ownership.
healthcare is mostly provided by the state, there's basic guaranteed income, and businesses have been increasingly mandated to run worker's congresses that, i hear, do exert significant power over the way businesses are ran. not all businesses have em, but SOEs do, and companies over 300 employees are required to have worker's representatives on boards.
altogether i'd call it a country trying to do socialism, with limited but significant success.