this post was submitted on 08 May 2026
107 points (76.1% liked)
Memes
55845 readers
1016 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 7 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
China has billionaires because it has private property, and it has private property as a concession to help speed up and smooth out development, keep it tightly interconnected on the global stage, and for technology transfer. Socialism is not "0 billionaires," it's a transitional mode of production that carries characteristics of the former mode of production and the new. Public ownership is the principal aspect of China's economy, and the working classes control the state, ergo it is socialist.