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this post was submitted on 18 Oct 2023
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State literally calls itself communist. (Operates more like a fascist state than a communist one)
Conducts ever more of its industry through the state and strictly controls the banks and loans.
Exercises huge subsidies across the entire economy which is visible through their massive and growing imbalance between their internal consumption and export.
"You only say it's not capitalist because they aren't white"
No I say they aren't capitalist because they aren't capitalist.
China is closer to neo-mercantilism due to the level if direct state involvement in private business.
As a nationalist economic policy, neo-mercantilism integrates well with the fascist economic model, particularly in this age when the masses are so accustomed to foreign goods that they might find the explicit notion of autarky alienating.
Yes but ideologically China is not aligned with fascism at all. They are on paper still pretending to be Marxists. Fascism is opposed to Marxism.
And what do you call an authoritarian ethnic state that has co opted capital to ensure and spread state control over public and private life?
Authoritarian, which you already mentioned.
And why should I, a European consumer, care if China has a communist economy or not?
Same shit to me. You live your entire life under capitalism being lied to about how "competition drives innovation" and suddenly when competition knocks on your door, you lock yourself in.
Because China achieves it's goals though large scale industrial subsidy and directly suppresses global wages as a result result, impacting your paycheck.
I'm sorry, but why aren't we doing anything about all the subsidies and forgiveable loans (including the ones these companies are using as tax deductible to pay 0 euros taxes while banking billions) my government is handing out to banks, property management companies, car manufacturers, petroleum product producers then?