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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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I think the position of those people is "Maoism was bad, the reforms were good, but they overcorrected". Imho a perfectly coherent position as well. Quality of life in modern China is surely better than during the Mao era, and not only because if material wealth, but surely this current state is not perfect. Far from it, if you ask me.
You mean people don't like that millions of people starved to death when Mao killed at the intellectuals? Yeah, I could see why people might have a bad view of that.
Precisely. Among massive corruption, a decadent ruling elite, and some less than ideal foreign politics, if I remember correctly.
Just because one thing is bad, it doesn't mean that the other extreme is good. Maoism had massive flaws, but it transformed a practically medieval country ruled by warlords into a single, somewhat industrialised nation. The reforms by Deng and others, including Xi, turned it into a country with a half-decent standard of living and competitive economy. But they introduced other problems, such as massive wealth inequality and environmental issues.