I only just started the video, but citing Deng being a longtime member of the CPC as being a reason he wouldn’t be a capitalist roader is ridiculous when you look at his actual career and Mao’s personal efforts to correct his right-deviationism.
As someone who’s read and consumed a fuckload of media on this subject yet still hasn’t formed an opinion, I’d appreciate reading/seeing something from the other side. No disrespect to Ben Norton, but he’s clearly in the pro modem China camp.
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IIRC Ben is living in China right now getting a Marxism degree.
wanted to do graduate school in China but after investigating the application requirements you have to be under forty years old.
I personally agree with you. I’m still holding out my final opinion until I’m more informed.
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The basic thing is that most of this video simply isn’t written in terms of what capitalism is, it’s comparing the US’s highly financialized economy to China’s highly industrialized economy and saying that thte latter isn’t capitalism because it’s not cannibalizing itself through finance bullshit, but that was never the question! Most generically cynical takes call it a competition between finance capitalism and industrial capitalism and he says nothing to contradict that successfully.
I mean this sincerely when I say that I would like to see the other side of this argument. Obviously Ben Norton is very pro modem China biased. Do you have any media portraying the other argument?
It’s not Socialist it’s a mixed transitional economy under the rule of a dictatorship of the Proletariat.
Because its not socialist it’s state capitalism
“State capitalism” is a form of socialism pioneered by Lenin. It’s not just “markets but also the government over them”.
State Capitalism is when all large enterprises are owned by the state.
It’s what the Soviet Union did under GOSPLAN.
You mean to say the majority of economic relationships in China are in the capitalist mode but subject to enormous state intervention and control, which is the same point made in the video that the communist party maintains control over an economy with market mechanisms.
Watch the video.
