UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

Define “communist economic policies”.

Strict prohibitions on foreign controlling interest in real estate, capital, and intellectual property, for starters.

If you’re Luo Wen, you’re in favor of state regulations of the capitalist market

State regulation for the purpose of limiting foreign ownership, foreign manipulation of domestic markets, and foreign monopoly of natural resources. This leads to:

  • Enormous SOEs where demand is inelastic - in the utilities, agriculture, education, and health care sectors.
  • Domestication of intellectual property, such that foreign investors effectively subsidize Chinese R&D and future capital improvements
  • Large investments in public infrastructure which operates at-cost or at-loss, for the purpose of stimulating domestic economic growth
  • Stringent restrictions on what is seen as socially harmful economic activity - casinos/gambling, recreational drug use, electronic entertainment, and reactionary media
  • Protecting the viability of public pensions and public insurance, for the purpose of flattening the risk curve and improving long term quality of life

All of these rules are intended to protect domestic markets and maintain local control of business capital.

The capital of Chinese businesses is not the “property of workers”.

It is the property of the Chinese People, as opposed to a cartel of foreign landlords. The surplus produced by Chinese business returns to the Chinese economy in the form of improvements to the socio-economic landscape. Chinese consumers enjoy an abundance of at-cost / below-cost social services, because they are not exposed to the rent-seeking behaviors of the predatory capitalist class. And Chinese business executives suffer the kind of regulatory surveillance and oversight that is largely neglected in Western democracies.

This guarantees that workers enjoy the surplus value of their labor. And that is the end goal of a Communist economy.

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