this post was submitted on 30 Sep 2025
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[–] Cowbee@lemmy.ml 13 points 1 day ago (2 children)

The large firms and key industries are publicly owned, and the working class is in control of the state while capitalists are suppressed and prevented from expanding into those principal firms and industries. It's been socialist since the CPC successfully overthrew the nationalists.

[–] pillowtags@lemmy.dbzer0.com 2 points 22 hours ago (1 children)

I’m sorry, the working class is in control of the state? I’d love to hear something to back up such a strong statement.

[–] Cowbee@lemmy.ml 15 points 21 hours ago (1 children)

The communists overthrew the nationalists, and since then public ownership is the principle aspect of the economy. Democracy was expanded and is comprehensively surveyed from the bottom-up, and capitalists are kept in check by the socialist state.

What exactly do you want to read about? That's a broad question, if you narrow it down a bit I might be able to give you a more focused answer.

[–] pillowtags@lemmy.dbzer0.com -3 points 20 hours ago (1 children)

What does “public ownership” mean? They’re not paying dividends to every Chinese citizen, right? I assume you mean “the state”, in which case I’m not seeing your point.

[–] Cowbee@lemmy.ml 11 points 20 hours ago (1 children)

Public ownership doesn't mean receipt of dividends, like some kind of massive cooperative. It means owned across all of society. The state handles that in socialism, yes, China is socialist.