Communism in theory vs in practice
Communism in theory vs in practice
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514 comments
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China
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China is still Socialist.
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What does it mean though? China's gini coefficient is higher than Europe's, and they have a growing number of billionaires.
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Socialism is a Mode of Production determined by having public property as primary. In China, large firms and key industries are firmly under public ownership and control, and they actually have a falling number of billionaires in the last couple years.
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https://redsails.org/china-has-billionaires/
In short, China has billionaires but they are devoid of political power 👍 🇨🇳
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Indonesia, Chile, West Germany, Congo, Iran, Bengal, Guatemala, Nicaragua...
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514 comments