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China returning to the Cultural Revolution, or hard-line Maoism, bodes poorly for foreign entrepreneurs seeking to participate in the advanced manufacturing and
by ipnon 5y ago
China returning to the Cultural Revolution, or hard-line Maoism, bodes poorly for foreign entrepreneurs seeking to participate in the advanced manufacturing and hardware industries there, but also poorly for the citizens of PRC in general. Communist extremism is usually advantageous for the Communist party, and disastrous for everyone else.
- luckylion 5y agoIt's usually not even advantageous for the communist party. They'll get much richer running a corrupt mostly-capitalist state than they would running a centrally planned communist state.
- ipnon 5y agoThink of the most totalitarian and liberal times of the Soviet Union. The former is associated with the infallibility and seemingly permanent durability of the state, and the latter with Ronald Reagan and people dancing on the rubble of the Berlin Wall.
- estaseuropano 5y agoExcept this has nothing to do with communism, which is an economic and political theory. This is just social conservatism being implememted in a totalitarian state, clouded in the language of a past communist uprising. Similarly, US conservatism is clouded in Christian language even when it has nothing to do with Christianity; Russian conservatism in a 'strong Russia' lingo eben when it's about Putin's enrichment, or western European conservatism clouded in social democracy language. All of these use old words and and a more or less mythical past to justify whatever they want to be the case. CCP is a party of old men shouting at clouds, with the difference that they happen to have the power to actually implement their ideas quite radically without much consultation.
- merpnderp 5y agoHow does this have nothing to do with communism? Li Guangman specifically calls out capitalists. What would a communist country think is the opposite of capitalism? Doesn't take a detective to know he means communism.