722
Why does China have so many multi billionaires if they are aiming to be a communist country?
(lemmy.world)
this post was submitted on 09 Aug 2026
722 points (96.3% liked)
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So much ignorance on display here in this thread. People talking out of their ass with no clue or care why and how China has implemented economic reforms and development policy. No clue what communists even are much less the details of how they manage the economy of a developing socialist state within a capitalist global economy. Just thought-terminating clichés about billionaires and so-called "state capitalism".
Fun fact: you can actually read the justifications for why socialist countries managed by proletariat governments have implemented limited market systems in their economies in China, Vietnam, Cuba, USSR, even Korea. Their thoughts are public!
I might go one further and suggest this is why the "Just tax the billionaires" line never actually delivers the goods. It's a classic Belling-The-Cat problem, because its very easy to say "Tax the Billionaires" but its very difficult to move forward with a policy that does the actual thing, without billionaires pooling their resources to prevent you from accessing any of the levers of power.
You need a certain collectivist worldview to even attempt the problem of regulating and sanctioning a bourgeois class. And when you're brainwashed by some combination of out-of-context Adam Smith quotes and reskinned Milton Friedman / Ayn Rand videos, good fucking luck.
If you know where to look and you trust the source material and you've got the patience to work through the finer details, sure.
But that's the sort of learning you typically need to tackle in grade school if you want it to stick. Open minds and lots of free time are necessary to get this kind of rigorous political education. By the time you've had your head crammed full of cable news fearmongering and employer-sponsored propaganda, you'll be allergic to the very idea of taking a book like Fanshen or The Bolivian Diary at face value.
I somewhat echo you feelings on ignorance and "China bad!", but definitely do not agree with the characterisation of China as a "proletariat government".
The workers do not have meaningful democratic control over society in China, and to claim they do requires some next-level mental gymnastics.
If one believes in control of society by the workers, as socialists ought to by definition (at least, by my understanding), one really ought not tout China as a government to emulate...
What do you mean? Are the Chinese billionaires a good thing?
China did not press a magical "make billionaires from clay" button. It enacted market reforms, after the failure in leaping directly from a largely feudal economy to a collectivist one, to progress the development of its economy within the global capitalist market system. Billionaires are an unfortunate symptom of the condradictions inherent to this system. Unlike most countries, however, the chinese government recognizes these billionaires as the threat to the public that they are, and tends to be much more cautious about them as a result, resisting their influence in state affairs.
I think the billionaires are just a symptom of the capitalist global economy. China uses the wealth generated by the billionaires to further their goals of working towards communism.
Interesting, and I thought it was the workers who generated the wealth. Perhaps it should not belong to them after all then. Why tax the billionaires at all if they're the ones generating the wealth?