[2018] Is China Still Socialist?

Is China Still Socialist?

Naysayers and purists* will highlight flaws and inconsistencies, but this is nothing new or interesting. “Actually existing socialism will always fall short of the socialist ideal because it is precisely that ideal implemented within the confines of reality.”

Is China Still Socialist?

Related:

Socialist Market Economies vs. Capitalist Market Economies

The fundamental difference between a socialist market economy and a capitalist market economy is the role of the state. As Lenin describes in State and Revolution, the state is an instrument of class rule. It does not exist above class, but is wielded by one class to dominate another. In the US and the capitalist countries in Western Europe, state intervention and regulation in the economy is wielded by and in the interests of the capitalist class.

However, in a socialist market economy, the state is controlled by workers and dominates the private sector. It allows it to flourish only to the degree that it helps in the economic development of the whole country and serves the greater class interests of the working class and peasantry. The vast majority of businesses and companies are not independent of the government and are instead dominated by the workers state.

Source.
Vladimir Lenin, Source.

Neither Washington Nor Beijing?

*For more about purists, see here.

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