InSaintMonoxide: All mainland chinese companies with 50 or more employees are required to have a CCP branch. That is why basic auditing rules won't apply for mainland chinese companies that list on the U.S. markets. Such corporate information is classified as "state secrets" by the CCP. Milton Friedman would probably turn in his grave when hearing you describe an economy where all companies with 50+ employees are state run as "very much capitalism". Maybe state capitalism in Vladimir Lenin's sense.
D.Keys: I see you're a Chicago man/woman of culture. Im more of an light Austrian.
Turns out I can't understand how C-Country keeps growing while the state controls everything like this. May be my ignorance, but, shouldn't state break the free market with it's dumb decisions? How can we explain their cotinuous growth?
One thing I know though, they buy cheap, 'lands' mostly and participate with a good amount of % in many multinational companies, but aren't they growing just because other countries accept to make commercial agreements? If so, why they continue if "they don't support the c.c-p"?
I certainly have respect for the Austrian school as well, even though it wasn't my intention to derail the thread into an economic debate. Part of the CCP's approach regarding growth is a "fake it 'til you make it" style of economics introduced by Deng Xiaoping to supersede the traditional planned economy. In essence, the mainland chinese economy combines traits of a ponzi scheme to gain foreign investments (the PRC has a history of distorting statistics in their favor, which is part of why corporate information is classified as "state secrets") with the perks of being able to create artificial monopolies and utilize slave labour to get an advantage in international competition. Considering the fact that the chinese mainland has had severe problems with both famine and blackouts in the last few months alone, i think it is fairly safe to say that the country is not doing as well as it claims either.
InSaintMonoxide: All mainland chinese companies with 50 or more employees are required to have a CCP branch. That is why basic auditing rules won't apply for mainland chinese companies that list on the U.S. markets. Such corporate information is classified as "state secrets" by the CCP. Milton Friedman would probably turn in his grave when hearing you describe an economy where all companies with 50+ employees are state run as "very much capitalism". Maybe state capitalism in Vladimir Lenin's sense.
Enebias: State capitalism is still capitalism though.
China is so overwhelmingly powerful (encomically) because it is monolithic, the entire country acts in one direction.
Most definitely NOT communist, although I understand and share the concern many have towards such an imposing entity.
I don't know how many times I've said it already, but "the real communism" -the one that has never even been tried afaik and it is more fantasy than reality- revolves around the concept of workers owning the means of production. Not the elite like in the West, not the State like in the former USSR and
China. It is a very noble ideal, but it's just that, unfortunately: an ideal. Marx "forgot" people don't want to share, everyone wants to stay on top nomatter the cost.
In any case: everything ends in the pockets of the selected few, so honestly, it wouldn't have changed had Klei been acquired by anybody else. I'm sad they're not independent anymore.
Not trying to continue to derail this thread into an economic debate, but i just want to mention i disagree about communism being a noble ideal at all.
I'm talking about Karl Marx' definition of communism here: "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property." (Communist Manifesto, Chapter 2)
I find this concept inhumane, detestable and disgusting. So communism in theory is everything but a noble ideal in my humble opinion.