Sunday, June 29, 2025

Socialism with Chinese Characteristics; got 700 million people out of poverty; Chinese per capita income was lower than Africa’s . They got the capitalists to sell them the ( economic) rope with which they are now hanging them , to paraphrase Lenin. China is now the manufacturing giant the world, because US industrial capitalists sold the Chinese factories for superprofits by cheaper wages. <


Plus central organizing of the economy _as a whole_ is more efficient than capitalist anarchy of production. Chinese got capitalists’ powerful forces of production, with socialist centralized guidance of the economy as a whole . Just as Engels and Marx intended.

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