this post was submitted on 06 Sep 2026
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[–] Gates9@sh.itjust.works 2 points 8 hours ago (1 children)

China may participate in the capitalist market system, but it maintains a centrally planned economy and all the banks and major financial institutions are state owned. It’s impossible to be a complete Marxist economy in a global capitalist system. I also disagree in that China is clearly demonstrating a unified nation building project for many years now. Of course there is corruption and malfeasance, but overall the government has created massive gains for the average citizen. On the other hand, the Chinese are very good about hiding the landscape of their factional powers. Presumably those factions remain within the confines of the CCCP, and not with some oligarchs, as demonstrated in the case of Jack Ma. The extent to which a cabal of techno feudalists have taken root in China is unclear.

[–] Doomsider@lemmy.world 1 points 8 hours ago (1 children)

China is leading the way in Techno Feudlism honestly. Which is to say their country has many fascist elements much like the US and a wealthy class using technology to surveil people. China has pumped out more billionaires than the US for the third straight year in a row and shows no signs of slowing down. The wealth gap in China is exploding to levels never heard before in history as seen in comparing their rural farmers to their new elite billionaire class.

What I find fascinating is how the US is leaning so hard towards neoauthoritarianism as China and most of Asia has. It really feels like if the current administration pulls off their plans that the US will be a one party state just like China. Of course there are many (including myself) that would argue that in many ways they already are.

[–] Gates9@sh.itjust.works 1 points 8 hours ago (1 children)

The question I have is: Are those Chinese billionaires running the country? Are they CCP high ranking members? Is there any type of fifth column that could upend the party structure? I’d honestly love to know more about that if you have a resource. I know there have been some major economic frauds and stuff like with Jack Ma, but they disappeared him, something that the United States would NEEEEEEVER do. Elon Musk could blow up Padre stadium with one of his rockets and nobody would do shit to him.

[–] Doomsider@lemmy.world 0 points 7 hours ago

Yes. The wealthy people are running China just like they run the US by using the power of money to influence policy. You are looking for a conspiracy, but the reality is far more mundane.

Also, do you think I support the US!? I am far more critical of the US than I am of China. So you can settle down.