I’m not going to lie but this article/chart is a bit misleading.
For one many of the “Private” companies listed here are well, not private or “capitalist” (as much as you can get in china.) entities but either agricultural or Town-Worker cooperatives, so yeah.
And For two this is “Market Share” not the total amount of GDP (PPP really but westoids) for China, which obviously SOEs are going to provide less purely because they aren’t engaged in the same level of stock trading private Chinese concerns are engaged with.
And for three, this ultimately changes nothing, SOEs will still control the commanding heights of the economy no matter what and hence private capital in china is still ultimately subject to that of the dictatorship of the Proletariat, so yeah.
It actually does change the dynamics of the economy, but in a positive way. As the small and medium private firms and cooperatives grow, they socialize, meaning it’s more effective to integrate them into the public sector. The reason the PRC has a private sector to begin with is because they take that stance on production and distribution, ie markets for secondary and smaller firms, SOEs for the commanding heights. Private sector growth, as long as it doesn’t come by way of overtaking SOEs, is therefore a positive step towards higher development of socialism overall. This is, of course, in the context of a socialist economy.
No problem! This is why I always try to stress the importance of the essence, or principle aspects, of an ecomomy. Simple ratio comparisons don’t actually determine what controls the economy. If private sector growth comes from privatization of SOEs, for example, that’s quite dire, but cooperative growth and development provides the basis of socialized production. This is one of Marx’s key observations about markets, this trend towards socialization of production from decentralized “anarchy of production.”
No problem! This is why I always try to stress the importance of the essence, or principle aspects, of an ecomomy. Simple ratio comparisons don’t actually determine what controls the economy. If private sector growth comes from privatization of SOEs, for example, that’s quite dire, but cooperative growth and development provides the basis of socialized production. This is one of Marx’s key observations about markets, this trend towards socialization of production from decentralized “anarchy of production.”
I’m not going to lie but this article/chart is a bit misleading.
For one many of the “Private” companies listed here are well, not private or “capitalist” (as much as you can get in china.) entities but either agricultural or Town-Worker cooperatives, so yeah.
And For two this is “Market Share” not the total amount of GDP (PPP really but westoids) for China, which obviously SOEs are going to provide less purely because they aren’t engaged in the same level of stock trading private Chinese concerns are engaged with.
And for three, this ultimately changes nothing, SOEs will still control the commanding heights of the economy no matter what and hence private capital in china is still ultimately subject to that of the dictatorship of the Proletariat, so yeah.
It actually does change the dynamics of the economy, but in a positive way. As the small and medium private firms and cooperatives grow, they socialize, meaning it’s more effective to integrate them into the public sector. The reason the PRC has a private sector to begin with is because they take that stance on production and distribution, ie markets for secondary and smaller firms, SOEs for the commanding heights. Private sector growth, as long as it doesn’t come by way of overtaking SOEs, is therefore a positive step towards higher development of socialism overall. This is, of course, in the context of a socialist economy.
Oh, well nevermind my response to you just prior to this. That’s a bit more reassuring, thanks for explaining.
No problem! This is why I always try to stress the importance of the essence, or principle aspects, of an ecomomy. Simple ratio comparisons don’t actually determine what controls the economy. If private sector growth comes from privatization of SOEs, for example, that’s quite dire, but cooperative growth and development provides the basis of socialized production. This is one of Marx’s key observations about markets, this trend towards socialization of production from decentralized “anarchy of production.”
No problem! This is why I always try to stress the importance of the essence, or principle aspects, of an ecomomy. Simple ratio comparisons don’t actually determine what controls the economy. If private sector growth comes from privatization of SOEs, for example, that’s quite dire, but cooperative growth and development provides the basis of socialized production. This is one of Marx’s key observations about markets, this trend towards socialization of production from decentralized “anarchy of production.”