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About China (scribe.disroot.org)

submitted 3 months ago by [email protected] to c/[email protected]

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I don’t understand why you support reform and opening up. In my opinion, reform and opening up is a sign of China’s transition from socialism to capitalism.

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[–] [email protected] 21 points 3 months ago (2 children)

Most Chinese capital is still socialized. Some privatization did indeed happen (which helped China attract foreign capital and maintain diplomatic relations), but that trend has since reversed.

[–] [email protected] 2 points 3 months ago

And I hope China does the long-overdue crackdowns on their private sector.

[–] [email protected] 15 points 3 months ago* (last edited 3 months ago)

Markets are there to attract goods and imports as well, which China still needs, and the CEOs and CIOs are essentially middle-men

Without it, you get the lower industrialization of the earlier times, which wasn't good, and haphazard too.