4 ms·

What aristocracy? And over half the Chinese economy is state-run.

• n1b0m 3y ago
  CCP leadership
  • Incipient 3y ago
    I feel like there is some difference between the aristocracy and a bunch of dictators and autocrats. Can't put my finger on it exactly however...
  • deciplex 3y ago
    That is not an aristocracy.
    • n1b0m 3y ago
      In what way are they not? https://www.bloomberg.com/graphics/2012-mapping-chinas-red-nobility/ https://www.bloomberg.com/graphics/2012-mapping-chinas-red-n...
      • deciplex 3y ago
        The CPC has nearly 100 million members. A hundred or so people who followed in the footsteps of their parents who were prominent party members in the past, does not make an "aristocracy." To compare this to a dynasty like the Rockefellers or the Rothschilds or the Astors is just beyond ridiculous.
• derefr 3y ago
  > And over half the Chinese economy is state-run. Yes? That number is decreasing, is the point. > What aristocracy? The owners of those public-invested private companies. The state didn't decide to buy a majority stake in company A over company B because company A was meritocratically superior; the state had a personal connection to the ownership of company A.
  • deciplex 3y ago
    > Yes? That number is decreasing, is the point. This is factually incorrect, or perhaps more generously: out of date. SOE market capitalization as a percentage of the total has been increasing for about two years now, and the CPC has stated their intention that SOEs will play a bigger role in the economy going forward. > The owners of those public-invested private companies. The state didn't decide to buy a majority stake in company A over company B because company A was meritocratically superior; the state had a personal connection to the ownership of company A. [Citation needed]