The people before us weren't perfect. Their mistakes are blueprints to learn from and build a better world
this post was submitted on 20 May 2026
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Selling products is not capitalism by itself. Capitalism is a system where private ownership is the principal aspect, and capitalists control the state. Socialism, on the other hand, is a system where public ownership is principal, and the working classes control the state. The backbone and commanding heights of China's economy are publicly owned, and the working classes control the state, ergo it is socialist.
Billionaires exist because private property exists, and private property exists because it speeds up development and integrates China with the global economy. This is a tradeoff used to build up the productive forces as quickly as possible, so that the social surplus can be redirected to developing underdeveloped regions, and because developed industry is easier to publicly own and plan. As these private firms grow, they are more tightly controlled and/or folded into the public sector.
Average working hours in China are 46 hours per week, not 75.