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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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They didn't choose to create billionaires. That's just what happens when capitalists exist, they accumulate wealth.
It's not unregulated it's very heavily regulated. Capitalists in China never stop whinging about how oppressive their government is because the government actual regulates them. That's why they end up investing in other countries because they're less regulated and there's more options for accumulating more wealth.
It wasn't designed to be equitable it was designed to develop the country fast to transition to socialism rather than everyone being poor ass farmers with wood tools but all being kind to one another.
They haven't taken over the government they are beholden to the government. That's why capitalists get executed instead of a slap on the wrist like in capitalist countries because the capitalists work for the state not the other way around.
The party general secretary is not a capitalist. There are no capitalists in the politburo standing committee. There are no capitalists in the politburo There are no capitalists in the central committee Of the 2270 delegates in the party congress about 30 are capitalists.