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Why does China have so many multi billionaires if they are aiming to be a communist country?
(lemmy.world)
this post was submitted on 09 Aug 2026
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IMHO China is a more capitalist country than the USA. 12h workdays 6 days a week (996), with overtime 16h, no labour rights, no representation, only the party gets that. Flooding the markets with goods sold at a loss, to drive the other countries' industry out of business. The taxpayer subsideses the loss. And once China is the monopoly, they can charge what they want.
IMO these MAGA cunts should wet themselves at the sight of China. After all, China is more capitalist than the USA, lol.
996 has been ruled illegal since around 2021 with a great crackdown in 2025
Communism doesn't mean that everybody can slack off. If people don't work enough it's difficult for them to catch up with Capitalism, like USSR and Eastern Europe have shown.
All that work has paid off for China. Unlike any other country they have a shot at being independent from the West.
Capitalism means that the people who control the means of production also control politics. That's not true in China, so that people there can hope for a better life despite AI and robots.
True, they're minting new billionaires faster than any other country in the world.
They've also lifted 800,000,000 people out of poverty in 40 years.
They are not treated like Iraq or Iran. That alone is a success, for every citizen.
The difference to the West is that the party stands above the billionaires. That means they have working healthcare despite billionaires.
Your saying the working class of China has worked really hard for the ruling class in order to speed run capitalism and this proves they can become independent of the West?
Also, what you describe is not capitalism, it is fascism (state and corporate merger on policy) The answer is China has many fascist qualities just like the USA. Also, they are great because of the US not despite it.
Technically the variety of Chinese businesses proofs that and not the amount of wealth.
I wanted to say that in China the party holds the power and not the billionaires. Though nowadays billionaires can become members and corruption has given party members billions.
That just it, their goal is not to become independent. They wouldn't be propping up the entire western world right now if they wanted independence.
Nowadays China has produced more billionaires than the US for the third straight year in a row with no signs of slowing down.
They don't want to be dominated by the West. Propping up the West makes the West dependent. Still, China could stop propping at any time.