China is in no way being led by capitalism, nor has it turned its back on Marxism and Leninism. One of Xi Jinping's Characteristic for a New Era states that he wants China "Practise socialist core values", including
Marxism-Leninism,
Communism and "socialism with Chinese characteristics".
"The CCP does not believe that it has abandoned Marxism.
[59] The party views the world as organized into two opposing camps; socialist and capitalist.
[59] They insist that socialism, on the basis of
historical materialism, will eventually triumph over capitalism.
[59] In recent years, when the party has been asked to explain the capitalist
globalization occurring, the party has returned to the writings of
Karl Marx.
[59] Marx wrote that capitalists, in
their search for profit, would travel the world in a bid to establish new international markets – hence, it is generally assumed that Marx forecasted globalization.
[59] His writings on the subject are used to justify the CCP's market reforms, since nations, according to Marx, have little choice in the matter of joining or not.
[59] Opting not to take part in capitalist globalization means losing out in the fields of economic development, technological development,
foreign investment and
world trade.
[59] This view is strengthened by the economic failures of the
Soviet Union and of China under Mao.
[60]
Despite admitting that globalization developed through the capitalist system, the party's leaders and theorists argue that globalization is not intrinsically capitalist,
[60] the reason being that, if globalization were purely capitalist, it would exclude an alternate socialist form of modernity.
[60] Globalization, as with the
market economy, therefore does not have one specific class character (either socialist or capitalist) according to the party.
[60] The instance that globalization is not fixed in nature, comes from Deng's insistence that China can pursue socialist modernization by incorporating elements of capitalism.
[60] Because of this there is considerable optimism within the CCP that despite the current capitalist dominance of globalization, globalization can be turned into a vehicle supporting socialism.
[61] This event will occur through capitalism's own contradictions.
[61] These contradictions are, according to party theorist Yue Yi from the
Academy of Social Sciences, "that between
private ownership of the
means of production and
socialised production. This contradiction has manifested itself globally as the following contradictions; the contradiction between planned and regulated national economies and the unplanned and unregulated
world economy; the contradiction between well-organized and scientifically managed Transnational Corporations (TNCs) and a blindly expanding and chaotic world market; the contradiction between the unlimited increase of
productive capacity and the limited world market; and the contradiction between sovereign states and TNCs."
[62] It was these contradictions, argues Yue Yi, that led to the
dot-com bubble of the 1990s, that has caused unbalanced development and
polarization, and widened the gap between rich and poor.
[63] These contradictions will lead to the inevitable demise of capitalism and the resultant dominance of socialism.
[63]"
Ideology of the Chinese Communist Party - Wikipedia
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