this post was submitted on 03 Jan 2024
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GenZedong
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This is a good answer. Thanks. I am doubtfull of your position that capital is subordinate to the prolitariat in China, as I do not see much examples of that. The prolitariat in China, while getting marginally less poor (yes, I've read the UN report), is still mostly the world's construction basket. So while I believe that capital is regulated, I don't believe it's subordinate to the proletariat. That said, currently it's better to not start implementing huge changes in economic law, i.e. take all billionaires money as it would create unrest and also ammunition for thr US to use against China. However, I would have liked to see this as an initial block back before there where billionaires in China. I still have yet to see a good point for them actually existing.