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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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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.