I've got to run but we can continue your lesson tomorrow if you'd like. It is my honor and duty to teach you as much as I can. I hope you will continue to be a very willing student. Thank you
It's you who needs a lesson, you support a system where Capitalism comes first, even if it's at the expense of the masses, and that's a problem.
Chyna just switched to Republican capitalism and the masses have gone from slowly starving to death to getting rich. How do you get everything backwardswith such great consistency?
To call China Republican Capitalism, is truly ridiculous.
I talked to a Chinese guy a few years back, and he told me in China they had men sweeping the streets with brooms, not because they can't afford otherwise, but to give them jobs.
China's economy is somewhat planned, and that's more like Fascism, rather than Capitalism.
Here are 3 books with which to begin your education on China:
"Capitalism With Chinese Characteristics"
"How China Became Capitalist"
In his new book titled
Markets over Mao: The rise of private businesses in China, Lardy argues that even though SOEs still enjoy monopoly positions in some key sectors in China, such as energy and telecommunications, their role in the overall economy has diminished significantly over the years. Here are some of the facts he presents to back his thesis: in 2011, China’s state-controlled firms only accounted for about a quarter of the country’s industrial output; and their share in exports has dropped to about 11% today; in 2012, state firms were only responsible for about one-tenth of fixed investment in manufacturing. And in terms of employment, SOEs employed about 13% of China’s labor force in 2011, a dramatic decline compared with the 60% figure recorded in 1999.
China's not the mega-Capitalist country you're painting it as.
Why the Chinese government plays a critical role in the national economy? - ChinaAbout.net
the Chinese government is still playing a critical role in the national economy. And some of the reasons are listed below:
Firstly, while the activities of plan economy are largely reduced and controlled, the Chinese government still makes long-term plans to shape the national economic and social development in term of its five year economy plans. For example, most recent Twelfth Five-Year Plan was approved by the National People’s Congress on March 14, 2011 setting the economic directions of addressing rising inequality and making an environment for more sustainable growth by prioritizing more equitable wealth distribution, increased domestic consumption, and improved social infrastructure and social safety nets. The five-year-plan also come with detailed targets such as:
1. Urbanization rate reaching 51.5%,
2. Value-added output of emerging strategic industries accounting for 8% of GDP
3. Length of high-speed railways reaching 45,000 km
4. Length of highway networks reaching 83,000 km.
And one of the major economy planning activities that the government still insists on controlling is the construction of infrastructure such as roads, bridges, tunnels, water supply, sewers, electrical grids and etc. And the control of infrastructure is to ensure the effective and efficient implementation of the government plans. For example, the infrastructure construction and the industrial structure readjustment is a strategic direction of the government’s plan of “Development of the Western Part of China”.
Secondly, the Chinese government tends to have direct control of the key resources and industries by limiting the entry of the private or foreign enterprises.
Thirdly, without well developed economy regulation and national law system, the government needs to monitor the economy closely and even make interventions in the economy life in certain situations.
China's 12 biggest companies are all government-owned
But dig a little deeper, and China’s rise begins to look less imposing. First, the top 12 Chinese companies are all state-owned. They include massive banks and oil companies that the central government controls through the State-Owned Assets Supervision and Administration Commission of the ruling State Council (SASAC), which appoints CEOs and makes decisions on large investments. Of the 98 Chinese companies on the list, only 22 are private.
With the government as their largest shareholders, China’s state-owned enterprises (SOE) enjoy massive state support, which fosters growth and insulates them from competition. “What would the chairman of China’s largest bank do if the chairman of PetroChina asked for a loan?” wrote Carl Walter and Fraser Howie in their history of China’s markets,
Red Capitalism. “He would say, 'Thank you very much, how much, and for how long?'” He'd probably do so from one of the extravagantly designed SOE-headquarters, many with foreign architects, that line two major thoroughfares in Beijing.