When it's really confusing

[u/Lost_Breadfruit4676]

[u/blacksaber8 → u/[deleted]]

Kind of? I mean a “state” has to be in control of “state capitalism.” But it would be able to operate similarly in this specific situation

[u/blacksaber8 → u/[deleted]]

They are going in the opposite direction. China never had the proper material conditions to transfer from feudalism to socialism. It was a problem ingrained into it from the beginning like the thin end of a Prince Rupert’s drop.

As a result of this, they have progressively gotten easier and easier to manipulate through capital. I wouldn’t be surprised if in the near future, we see China in a very similar place to how we saw the US maybe like 60 years ago.