China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with C...
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?
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?