China describes its economy as “socialism with Chinese characteristics.” Given China’s pivotal role in global capitalism, I believe it’s fair to classify the current expression of “Chinese socialism” as a hybrid system. I’d go even further to say that the capitalist component is integral enough to China’s economic model that “capitalism with Chinese characteristics” also makes sense. So is China socialist? Capitalist? Both? Neither?
China’s governing political party is called the Communist Party of China (CPC). However, I don’t think one needs to be a professor of economics to realize that China doesn’t practice Marxist communism.
So why does China retain the communist label?
Respect.
Respect for whom?
Respect for the brave men and women who delivered China from Jewish-Anglo-European-Japanese exploitation and the Century of Humiliation. Respecting the sacrifices made by elders and ancestors runs deep in Chinese culture.
Whether China keeps the communist label in perpetuity, or retires it after a respectful timeframe for something that more accurately reflects its real-world model is an internal Chinese matter, and not my place to comment on.
I view capitalism as China’s dominant economic production mechanism. I view socialism as China’s dominant economic control mechanism. Like a motor with a control switch. Put simply, the state dominates the corporation and bank.
Components of traditional public-welfare socialism also exist within China, e.g., socialized medicine, free college, nationalized banks.
The big difference between “Wall Street capitalism” and “socialism with Chinese characteristics” is that the latter has the capacity for intelligent adaptation and positive evolution, while the former is impervious to reform and can only grow more predatory, corrupt, and violent.
In the US, the corporation and bank dominate the state, or to take it one step further, the state is the corporation and bank- and the Zionist Lobby. This makes for an “interesting times” economic hybrid. A fusion of neoliberal capitalism, corporate socialism, techno-police statism, and Jewish* supremacism. I call it ‘ZioCorp.’ (*No offense to non-involved Jews. For the record, I identify as a Jewish Hebrew Israelite who follows the Tao.)
The corporation’s goal is profit, not social well-being. Inflated medical bills enrich hospital corporations and shareholders, but send millions of Americans into bankruptcy. In China, the state owns the hospitals. Whether tricking the body’s immune system to attack cancer cells or using robots, 3D printers, and bone cell regeneration for quick and easy dental implants, Chinese socialized medicine has far surpassed American for-profit medicine.
