People trained in Marxian economics tend to understand capitalism better than stidents of mainstream capitalist economics. China’s using capitalism for what it’s good for - expanding the producive force of the economy, figuring out how to make new products efficiently, and making wide variety of consumer goods. The state still retains control over the capitalist sectors throurh various means. It also owns strategic sectors like banks, etc. The state is controlled via the CCP with membership of over 10% of the pop and growing. It’s an open question whether they’re gonna lose control over the capitalist sector or not but so far it’s subordinate to the state. In capitalist economies the state (and democracy} tend to be subordinate to capital.
People trained in Marxian economics tend to understand capitalism better than stidents of mainstream capitalist economics. China’s using capitalism for what it’s good for - expanding the producive force of the economy, figuring out how to make new products efficiently, and making wide variety of consumer goods. The state still retains control over the capitalist sectors throurh various means. It also owns strategic sectors like banks, etc. The state is controlled via the CCP with membership of over 10% of the pop and growing. It’s an open question whether they’re gonna lose control over the capitalist sector or not but so far it’s subordinate to the state. In capitalist economies the state (and democracy} tend to be subordinate to capital.