How can you have a system that allows for private sector economic growth and the accumulation of wealth by individuals but also keep the private sector subordinate to the state forever?Won’t the wealth holders in China eventually just take over the government through financial influence over decades of technological and financial growth no matter how hard the CCP tries to keep them on a leash?
Why dont you ask Jack Ma how much his billions helped him? I love how the OP doesnt understand why the wealthy dont control China like it does in the West. US : Capital controls the government. Late stage capitalism hellhole.CHINA : Government controls capital. Communism with Chinese characteristics / transitional state to communism.# of BILLIONAIRES IN JAIL or put to Death in the WEST : Zero# of BILLIONAIRES IN JAIL OR PUT TO DEATH in China : 20+
>>539978437You should learn about the inside of China instead of asking silly questions.https://executiveconcern.substack.com/p/celestial-empire-5dd
>>539978709based
it's a cycle I suppose. the state has more power for now
>>539978437>Won’t the wealth holders in China eventually just take over the government through financial influence over decades of technological and financial growth no matter how hard the CCP tries to keep them on a leash?They can't buy the government for the same reason you can't buy the referee with Monopoly money.
>>539978709China’s first billionaires only appeared 25 years ago. The system isn’t even mature
>>539978437Look at Jack Ma. He thought his wealth gave him the privilege of influencing policy. He got put in his place, the $37 billion IPO of his new company was blocked, anti-trust investigations into all his businesses resulting in 20 billion yuan in fines, and Alibaba split into half a dozen smaller companies.
>>539978437Nationalism and Confucianism
Money is not power, same reason why rich people in America are not particularly powerful.
>>539978437China does the smart thing and kills subversive actors before they amass too much power
