might look tempting, but another totalitarian authority would have to swoop into the power vacuum created by dedollar-efforts.
Why is this a given?
is this for community meant for tankies??
You don’t have to be a “tankie” to see that harm of maintaining dollar hegemony, or to see the potential value in alternative currencies gaining support. And using “tankie” here is just meaningless; you’d add as much value saying “is this community meant for wokies??”.
You’ve come in to a three year old thread only to not say a single true thing.
China is a socialist country, and has been for a while now. The only reason you think any inkling of capitalism being present somehow means they aren’t socialist is because you aren’t using the right framework to look at the situation. You think it must be either-or, when a socialist country can take advantage of aspects of a capitalist system. There is no class of capitalists, and there is no reliance on or subservience to investors. It doesn’t have the characteristics of capitalism: it is not an economic system based on private property. The use of a market economy also doesn’t make it not socialist: the basic economic system is socialist, and a socialist market economy plays a role in the allocation of resources and distribution[1].
There are other political parties in China, and they’re permitted. The fantasy that only one party is permitted to exist is just that, a fantasy. From what I can tell there are currently at least 8 political parties, and there have been many others in the near past. Also, the fact that most people support one party is not evidence that people are forced to support it; it’s evidence that that party serves the needs and desires of its people. People support the party because it benefits them.
Your comment just reads as ignorance. If you are actually curious about China, and aren’t just going to sling talking points you’ve heard from Western sources, there are plenty of resources to help you learn about it. If you don’t bother to put in the effort, then don’t try to offer up what you think must be true.
Boer, R. (2021). “Socialism with Chinese Characteristics”. ↩︎