Gatekeeper
Senior Member
In trying to see parallels to the Obama administrations apparent goals I came across this link in Google.
ON STATE CAPITALISM
State Capitalism.
Sure sounds familiar................
From the selected works of Mao Tse-Tung concerning State Capitalism
I know most of the bloggers here are already aware of this, but I guess it doesn't hurt to re-introduce it from time to time. Of course some naysayers will pop out of the closet as usual, screaming this and that. Oh well.........
ON STATE CAPITALISM
State Capitalism.
Sure sounds familiar................
From the selected works of Mao Tse-Tung concerning State Capitalism
The present-day capitalist economy in China is a capitalist economy which for the most part is under the control of the People's Government and which is linked with the state-owned socialist economy in various forms and supervised by the workers. It is not an ordinary but a particular kind of capitalist economy, namely, a state-capitalist economy of a new type. It exists not chiefly to make profits for the capitalists but to meet the needs of the people and the state. True, a share of the profits produced by the workers goes to the capitalists, but that is only a small part, about one quarter, of the total. The remaining three quarters are produced for the workers (in the form of the welfare fund), for the state (in the form of income tax) and for expanding productive capacity (a small part of which produces profits for the capitalists). Therefore, this state-capitalist economy of a new type takes on a socialist character to a very great extent and benefits the workers and the state.
I know most of the bloggers here are already aware of this, but I guess it doesn't hurt to re-introduce it from time to time. Of course some naysayers will pop out of the closet as usual, screaming this and that. Oh well.........