Memes

47110 readers

1026 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

179

In America, the rich controls the government. In China, the government controls the rich. (lemmy.ml)

submitted 4 days ago by [email protected] to c/[email protected]

123 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 3 days ago

The PRC largely keeps their bourgeoisie in line by holding almost all of Heavy Industry and large firms in the Public Sector. The owner of a rubber ball factory has far less influence over the economy than the Rubber Factory. In the PRC, banking, energy, steel, infrastructure, and many more critical industries the Private Sector must rely on are held in Public hands. That's the basis of SWCC.

Time will tell if this was the "correct" choice, but so far the gamble appears to be paying off. There's a long way to go, but the path forward is open and not closed.