The Chinese state is apparently socialist because it refuses a bailout of the private firm Evergrande.https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725?mod=e2twe …
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Yes a good amount of it is 'China is doing sensible things and is being mean to Wall Street' vs the more legitimate 'China is an aspiring totalitarian regime.'
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‘Aspiring’???
End of conversation
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There isn’t any ‘struggle’. The authoritarians tell private companies to jump and the private sector asks ‘how high’ (sometimes their leaders do so from off the top of office blocks). The benefit (for the CCP) of complete and utter totalitarian power over society and economy.
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