Is China Capitalist, Socialist or Communist? - Richard D Wolff

"The question is "Would/will the People's Republic of China move in the direction of democratizing their enterprises: state-owned, private, domestic, foreign or not? Will they hold on to socialism with Chinese characteristics, in terms of what they have now, or will they move to a different definition?" That's an open question for the People's Republic of China, but let me be clear, it's an open question for everybody in all capitalist countries, with all socialist political organizations. Which way are you going to go depends on what definition of capitalism versus socialism you work with, and you may not be conscious about it, but you're making that choice whether you're aware of it or not." - Richard D Wolff
This is a clip from the lecture "The Challenge of China [July 2021]." In the full lecture, Prof Wolff discusses the following topics:
1. China’s Economic Growth since its Revolution (1949)
2. China’s Economic “Model” and the Global Economy
3. China, Capitalism, and Socialism
4. China versus the US: Options versus Threats
Watch the full lecture: • Global Capitalism: The...
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- Richard D. Wolff

Пікірлер: 1 300

  • @wibowopr952
    @wibowopr9522 жыл бұрын

    china : state-controlled capitalism US : capitalism-controlled state

  • @murraymadness4674

    @murraymadness4674

    2 жыл бұрын

    perfectly accurate. both have no worker rights

  • @tankseverywhere1492

    @tankseverywhere1492

    2 жыл бұрын

    @@murraymadness4674 China is a dictatorship of the proletariat and more workplace democracy than the U.S would ever dream to have. You definitely have no idea about Chinese workplace system

  • @17running92

    @17running92

    2 жыл бұрын

    @@murraymadness4674 as a Chinese,I must say you are wrong

  • @jamescelliers3195

    @jamescelliers3195

    2 жыл бұрын

    @@murraymadness4674 People in China seem to disagree with you. State socialism and state capitalism are the different names for the same thing. Semantics are not important, the material reality is what defines what level of control workers have. Literally what Prof Wolff talks about in this video. The communist party has 100 million members, I bet all of them have read more Marx and Lenin than you have.

  • @murraymadness4674

    @murraymadness4674

    2 жыл бұрын

    @@jamescelliers3195 If you can't elect your leaders, you voice doesn't matter. If you can't protest or strike then your opinion is ignored. When you don't have a free press, you voice is silenced. That is China.

  • @jerkersandquist7244
    @jerkersandquist72442 жыл бұрын

    Lenin was very clear in saying that the USSR name represented "the determination of the soviet power to transition to socialism, and not that the existing economic system is recognised as a socialist order."

  • @davidtildesley3197

    @davidtildesley3197

    2 жыл бұрын

    Lenin also stated in an address that what they had established in the so called USSR was state capitalism. Straight from the horses mouth.

  • @pfacka

    @pfacka

    2 жыл бұрын

    @@davidtildesley3197 And indeed exactly that USSR and it's satellites were. And there would be nothing wrong about, if they would achieve that without killing millions human beings.

  • @belmiris1371

    @belmiris1371

    2 жыл бұрын

    Please! We need to distance ourselves from these brutal, authoritarian regimes if we want socialism to gain any traction. They are/were just police states. Rhetoric is always empty without action. The USA is far closer to a successful socialist society than China or the Soviet Union. All that is standing in the way is a few oligarchs. Other than that all the apparatus is up and ready to go.

  • @shady8045

    @shady8045

    2 жыл бұрын

    that's because socialism and communism were considered the same thing at the time. But people now refer to socialism as the "dictatorship of the proletariat" phase basically.

  • @yuh1592

    @yuh1592

    2 жыл бұрын

    Lenin died in 1924. The USSR existed for nearly 70 years afterwards, it was socialist after Lenin's death no question

  • @lisemarie2362
    @lisemarie23622 жыл бұрын

    The Western countries are also socialistic towards capitalist concerns - after all, they subsidize oil, gas, coal, natural gas, GM, Big Banks, farmers, and the list can continue. However, if it is socialistic, it is not directed towards human beings, citizens, otherwise known as "the consumers" who the governments don't believe need help and if they are poor it's too bad.

  • @icemike1

    @icemike1

    2 жыл бұрын

    Right

  • @BolshevikBurgeoning17

    @BolshevikBurgeoning17

    2 жыл бұрын

    That is called Neo-Liberal Economics.

  • @lisemarie2362

    @lisemarie2362

    2 жыл бұрын

    @@JohnSmith-mc2zz 100% 👍

  • @jasoncuculo7035

    @jasoncuculo7035

    2 жыл бұрын

    I financially supported my mother from age 16 when Reagan cancelled her check, I was an honors student forced to drop out highschool to do it. Neoliberals then have the effrontery to claim moral superiority and blame us for being poor, I am a teetotaler, muggers bashed my head open delivering food for a restaurant 70 hours a week so I am now mentally disabled, My check is 279 dollars lower each month than the federal line of absolute poverty. Neoliberal Conservatives like Reagan and Trump are evil, and they caused the destruction of my life and the death of my mother. 45 corporations control America. Karl Marx defined corpus or corporation as state, so the US is a dystopian reverse Robinhood socialist nation which is actually fascist. A bundle of corporations is a fasciae. Since Mussolini sold out to an extent to big business his fascia did not serve as worker democratized syndicates, but rather served big business, Therefore America is not socialist it is fascist.

  • @Rodrifuuu

    @Rodrifuuu

    2 жыл бұрын

    Let's stop calling corporate subsidies socialism, please.

  • @jimmihotdog3469
    @jimmihotdog34692 жыл бұрын

    800 million out of poverty or 800 military bases you choose.

  • @sayaandyangsaya2756

    @sayaandyangsaya2756

    2 жыл бұрын

    US: 800 military bases for sure, I using it control 8000 million peoples, cause I am the boss of the world, the poverty is not my business.

  • @ckennett

    @ckennett

    2 жыл бұрын

    I’ll pass on the false dichotomy. What else do you have that isn’t a false dichotomy?

  • @obione69

    @obione69

    2 жыл бұрын

    @@ckennett You're right, that was false. Its actually 1000 military bases, and about 950 million people lifted out of poverty. Thanks for pointing out the mistake.

  • @ckennett

    @ckennett

    2 жыл бұрын

    @@obione69 my response was for the OC lol

  • @johnnyp6706

    @johnnyp6706

    2 жыл бұрын

    How much did you get paid by CCP ministry of propaganda? 600 million of Chinese are actually living below 1000 Renminbi a month And China employ 3 million Uyghur Muslims in Xinjiang as slave labors who must obey CCP's order, if someone doesn't obey, police will beat him up, and if keep resisting, police will kill them Also China has Belt Road Initiative, taking resources by giving out loans to poorer countries, which are protected by Chinese private security companies, aka Chinese Army in disguise as private security, protecting China's interest No, Sir, China is no better than USA

  • @GhostOnTheHalfShell
    @GhostOnTheHalfShell2 жыл бұрын

    I like this condensed essay, as Wolff has made these comments in long videos.

  • @guennadifedorov2239

    @guennadifedorov2239

    2 жыл бұрын

    Socialism is the power ( dictatorship) of people who control the critical centers of social, environmental and economic development and direct the development for better life of all

  • @GhostOnTheHalfShell

    @GhostOnTheHalfShell

    2 жыл бұрын

    @@guennadifedorov2239 somehow democracy and dictatorship are oxymoronic. mob rule isn’t quite a good thing and if there is a charismatic head of a mob isn’t either.

  • @nono-rb4qw

    @nono-rb4qw

    2 жыл бұрын

    @@GhostOnTheHalfShell but.is these such a possibility that the bourgeoisie and the proletariat have irreconcilable contradictions.likeThe Wolf and the sheep.in the world,Either the weak sheep were killed, or the weak Wolf was starved to death. I had to choose one of them whom the majority or the minority. i am sorry. my english grammar is bad.hope to you can understand. thank you .

  • @whhusa
    @whhusa2 жыл бұрын

    As I used to say to my employees: You may live in a democracy, but you work for a dictator. lol

  • @communityrags6048

    @communityrags6048

    2 жыл бұрын

    This is very true. It is interesting how people confuse the fact that they have entered a relationship on a contractual basis to do what they are told and get paid for it, according to the terms specified within that contract with the fact that they live in a democracy. The encompassing democracy can set the framework and decide where the line is best drawn between the balance of power of the employer and the employee, and every voter has an ultimate say on that. But the fact that you are in a democracy doesn't mean you can suddenly expect to call more of the shots than your contract and the law says you can.

  • @ManicPandaz

    @ManicPandaz

    2 жыл бұрын

    Don’t you mean “mwahahahaha” not “lol”?

  • @belmiris1371

    @belmiris1371

    2 жыл бұрын

    In China you don't have a democracy.

  • @whhusa

    @whhusa

    2 жыл бұрын

    @@belmiris1371 True. It never did when it was the greatest power on earth for most of the past 3,000 years. In the US we fool ourselves into believing we have democracy. In fact you only really have a voice in your own town hall. Certainly not Capitol Hill.

  • @belmiris1371

    @belmiris1371

    2 жыл бұрын

    @@whhusa - the goal is a successful socialist or communist society. It's true that currently in the USA corporations rule our politicians but that is only because the vast majority of Americans live very well and no one is paying attention. When things get bad enough and people start voting again the politicians will have to listen to us or get voted out. In police states it's much harder to get control back.

  • @leowteckseng8753
    @leowteckseng87532 жыл бұрын

    In the next 50/100 yrs, don't expect 'socialism/ capitalism' to be still the same.

  • @doraemon402
    @doraemon4022 жыл бұрын

    Another way of looking at it is not how big the government is but rather what it does. This is particularly important in the US where neocons call everything the government does "socialism"

  • @gerrys6265

    @gerrys6265

    Жыл бұрын

    Except that they don't seem to call corporate bailouts socialism.....perhaps one day they will get it right - but I doubt it.

  • @synergygaming65
    @synergygaming6510 ай бұрын

    I learn so much from Mr.Wolff. Preserve this man!

  • @DinoCism
    @DinoCism2 жыл бұрын

    Given that China has the stated goal of becoming a "Socialist Society" by 2050 I am guessing they would agree that they haven't gotten there yet though would probably disagree with Western critiques who go further than this to say that there is "nothing Socialist" about their project or that it is some grand perversion of the idealized Western Socialist fantasy which we have not yet come anywhere close to achieving in our own existing societies. Personally I hope they succeed in this although it's a long a complicated road ahead with many enemies and few friends awaiting them.

  • @TheMahayanist

    @TheMahayanist

    Жыл бұрын

    It isn't socialist at all. But it could be, if it implemented socialism. It's a Leninist State,like they say.

  • @gilbertodelavega359

    @gilbertodelavega359

    Жыл бұрын

    @@TheMahayanist nah they’re already mostly socialist

  • @abraxascrate89

    @abraxascrate89

    Жыл бұрын

    ​@@TheMahayanist China is a revisionist country since Ping helped Duterte's repression of the NPA (the Communist party of the Philippines)

  • @Elle-gm9rt

    @Elle-gm9rt

    Жыл бұрын

    ​@@TheMahayanistwould you mind explaining to me how Leninism and Socialism differ? I was under the impression that Leninism(well Marxist-leninism) was a form of socialism

  • @alexjeffrey3981

    @alexjeffrey3981

    11 ай бұрын

    @@Elle-gm9rt a Marxist-Leninist state is controlled by a vanguard party who guide the state towards socialism and eventually communism. Marx envisioned that revolution would occur in late-stage capitalism (imagine high levels of automation and therefore massive unemployment); what we've had so far is revolutions in late-feudal societies (Russia, China) and colonised countries (Cuba, Vietnam). These countries don't/didn't have the advanced economy required to support socialism and thus they've had to figure out how to get there without handing state control to capitalists. Initially many tried implementing socialism by fiat with mixed results - Maoist China and Leninist/Stalinist Russia both had massive economic transformations but also massive famines and other death tolls. Nowadays what we typically have is either a Party-managed mixed economy (China, Vietnam) or closer to a real socialist economy but under heavy siege from capitalist countries (Cuba, North Korea). The former approach seems to be more successful for building the economic base for socialism if only because they can remain connected to world markets, but the communists have to watch out to ensure that state control doesn't revert to the capitalist class.

  • @zeissiez
    @zeissiez2 жыл бұрын

    The system in China is called Whateverworkism

  • @TimeT-ob9vz

    @TimeT-ob9vz

    2 жыл бұрын

    👍😄

  • @carlwei7559

    @carlwei7559

    2 жыл бұрын

    Much more precise than socialism with Chinese characteristics.

  • @gerrys6265

    @gerrys6265

    Жыл бұрын

    Seems to me the system in China is called dictatorship.

  • @blue_archive_alis

    @blue_archive_alis

    Жыл бұрын

    你有了解中国历史吗,中国特色社会主义道路你不知道吗

  • @user-eo3fk6wp4m

    @user-eo3fk6wp4m

    Ай бұрын

    @@blue_archive_alis 特色主义就是笑话,威权政府剥了马克思主义者的皮穿在身上,假装自己是红的,居然还真有人信

  • @azharidris7092
    @azharidris70922 жыл бұрын

    China is constantly changing and evolving according to the time and the level of technology available so as to maximized the economic benefit to their people and their country under concept of socialism.. they are realistic enough to realised that their goal towards communism is very far in the future.. i think the ''bay area 415'' channel explain this perfectly..

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    what is the benefit for Chinese people to build those few hundred meters tall empty buildings, those empty cities other than to employ them in senseless construction and at the same time climate destruction?

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @Ben Ben my point is there is no real benefit in building all those things, which are mainly for show off, for ordinary people, other than making some production going on, maintaining some jobs. All that production required a lot of energy and that why China is still building hundreds coal power plants. Making so much cements and concrete is not sustainable . At the same time, such enormous construction is increasing danger that we will not stop climate change in time and that will not benefit not only China but all the world.

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @@cathywuthering6422 You did not give an answer to any of my comments regarding building those big cities with huge scrapes which are only for the show-off.

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @@cathywuthering6422 I visited China 2 years ago and saw those over 300 meters skyscrapers, which are mostly empty. You can imagine how much steel and cement are spent to build that and how much CO2 is produced. Those are just a few examples of unnecessary constructions which could be built later when we can have different technology and not used coal to produce all that.

  • @vihi8692

    @vihi8692

    2 жыл бұрын

    ​@@sandicirak6223 In fact , most building in china is not a show-off , but many of them are useless , especially in underdeveloped areas they build a large number of house that few people live in there . They called that ghost town . And that's because of the cost of China's economic development ,to improve the GDP , to develop China's economy , Chinese government acquiesced in the high house price constructed by the free development of capital . And because it's profitable , some people join to build more and more house that ignore the market demand , so there are many building that not require for people . And now it's hard to recover , if the chinese government take a tough stance to reduce house price , China's economy may experience the great depression.

  • @Boilthebunny15
    @Boilthebunny152 жыл бұрын

    I think China’s biggest, most important achievement is poverty alleviation

  • @wangzikun2081

    @wangzikun2081

    2 жыл бұрын

    @@TheDarkIllumination So bad that a country prevents workers from suicide. Oh, by the way, these workers do for Apple, not China.

  • @CripplingDuality

    @CripplingDuality

    2 жыл бұрын

    @@TheDarkIllumination one Taiwanese company operating in Shenzhen is apparently all the workers in China now. Imagine being this proud of your willful ignorance

  • @amberfoster3285

    @amberfoster3285

    10 ай бұрын

    There's no other country on Earth that has ever lifted 500 million people out of poverty in our history. China is the only country that has ever achieved this.

  • @eggballo4490
    @eggballo4490Ай бұрын

    The competitive nature of schools and workplaces in China and the constant pressure to become rich and successful is inherently capitalistic.

  • @unknownvoice777
    @unknownvoice777 Жыл бұрын

    It doesn't matter what political system you have in country. What important factor is that the people of the country are prosperous and happy. However I think socialism is the best system to overcome poverty and many other social problems in society....

  • @apps9052

    @apps9052

    2 ай бұрын

    Venezuelans and every other people stuck in socialist countries would disagree. And I know, because I live in one! Poverty still exists and it's getting worse, because only a select few (those who are from rich families and the ones linked to the government) are better off. Everyone else is just losing purchasing power. At least with capitalism people can work to get out of poverty; with socialism the more you work, the more you are taxed (exponentially), easily reaching 50% and more, so others can stay at home doing nothing. This results in the country going downhill, because no one has any incentive to work more and be productive. Mediocrity instates.

  • @DanteGabriel-lx9bq

    @DanteGabriel-lx9bq

    18 күн бұрын

    ​@apps9052 That's probably a lie, and you know it. Venezuela isn't socialist. Also, the country is poor because the U.S. has it under embargo and is alwyays interfering with socialist countries such as Cuba, Vietnam and even North korea, but it can't with China because its too powerful. You can't say it works if you constantly sabotage it.

  • @questworldmatrix
    @questworldmatrix2 жыл бұрын

    US has Capitalism with American characteristics.

  • @Rhaegar19

    @Rhaegar19

    2 жыл бұрын

    US has feudalism with American characteristics

  • @C3yl0

    @C3yl0

    2 жыл бұрын

    @@Rhaegar19 techno feudalism

  • @dec13666

    @dec13666

    2 жыл бұрын

    Some people in US, think "Wearing a mask is sign of Communism" 😐... I usually take American definitions of foreigner phenomena, as a grain of salt...

  • @MaxStArlyn

    @MaxStArlyn

    Жыл бұрын

    China, Corporatism, and the East Asian Model Jonathan Unger and Anita Chan The Australian Journal of Chinese Affairs No. 33 (Jan., 1995), pp. 29-53 (25 pages) Published By: The University of Chicago Press “Dr Matthew Raphael Johnson talks about the concept of corporatism and the different forms it took in Russia and elsewhere. Corporatism is the economic theory of both nationalism and royalism. It isn't the rule of corporations in our modern sense, but a union of people that serve a specific social function. It Is the original conception of the word “class.” The point is to bring the best of the medieval guilds into our Postmodern condition. It has been tried in many different ways from Taiwan to Germany to Argentina and has been an economic success. It arose in western Europe as a defense against the omnipotence of the financial conspirators who emerged from the First World War. Italy, Austria, Spain, Portugal and Germany developed their own Corporate structure. Its manifestation has been different over the decades, but the essence is the same. “The state is not a mechanism of competing interests, but an organism of fraternal service, the unity of faith, honor and sacrifice” says Ivan Il'lyn, the great Russian nationalist. Corporatism is the organization of society into syndicates, social bodies representing necessary functions in society. These are collective and public organizations composed of all persons who together fill the same function in the nation. Its purpose is to assure the exercise of this function in the supreme interest of the nation, by means of rules and rights imposed on its members. This isn't a dry conception of public policy or “consensus politics,” but the very lifeblood of virtue.”

  • @user-hl6ls8sv4t

    @user-hl6ls8sv4t

    Жыл бұрын

    @@dec13666 wearing a mask never worked during the pandemic did it lol

  • @petercoombes6602
    @petercoombes66022 жыл бұрын

    There's another perspective which I believeis more appropriate. Samir Amin, among many described China as transitional. China is a rising socialist country but the dominant world system is capitalism and any rising socialist country has to contend with the agression and violence of capitalism.

  • @MrDXRamirez

    @MrDXRamirez

    2 жыл бұрын

    That is always a justifiably view until the day capitalism is no longer than that hypothesis is put to the test.

  • @MethaneHorizon

    @MethaneHorizon

    2 жыл бұрын

    But that would imply China de transitioned out of socialism under Mao, in order to have to transition back to it under someone in the future. That's just a justification of reversing socialism in favor of hyper Keynesian economics under Deng and Jintao. Otherwise they wouldn't be transitioning, as without a rejection of socialist modes of production after Mao that transition wouldn't make sense. You can't transition from socialism to socialism.

  • @skydragon23101979

    @skydragon23101979

    2 жыл бұрын

    @@MethaneHorizon You can if you understand communism you would understand the ideas are great but you got huge problems implementing. So they tried implementing it and it failed so they transition first out of that to a more capitalist stage then decide how to transition back.

  • @Nites2k

    @Nites2k

    2 жыл бұрын

    @@skydragon23101979 lolz well clearly you have mastered the subject

  • @skydragon23101979

    @skydragon23101979

    2 жыл бұрын

    @@Nites2k Nope i have not mastered the subject. But if you bother to open your mind to new ideas you would realise the ideas of communism are good. But if you read enough about the fall of the soviets and other countries that try to implement communism you would realise good ideas doesn’t necessarily translate well into practical workings in the world. A government for the people by the people is a great idea. But looked how it worked out in real life? You got corruption and homelessness etc.

  • @aaronbaldwin2380
    @aaronbaldwin23802 жыл бұрын

    China is truly a democratic nation - discipline, hardwork, security, non corruption, non hagemony and government for the people.

  • @johnwright9372

    @johnwright9372

    2 жыл бұрын

    NONSENSE.

  • @raybin6873

    @raybin6873

    2 жыл бұрын

    You'll have to better explain that.

  • @Shad0wxBr

    @Shad0wxBr

    2 жыл бұрын

    Its not a free country tough ... How can you exclude that ?

  • @aaronbaldwin2380

    @aaronbaldwin2380

    2 жыл бұрын

    Free from corruption, crimes and religious extremism.

  • @Shad0wxBr

    @Shad0wxBr

    2 жыл бұрын

    @@aaronbaldwin2380 So you really do believe that personnal freedom is not important ? Freedom of speech, privacy, political freedom and so on..?

  • @jorgec55
    @jorgec552 жыл бұрын

    As far as economic growth and development of a modern economy, the Chinese government bet is on surpassing the metrics of the western countries, specifically the US. With their 'socialism with Chinese characteristics' they are putting capitalism and human history on a path totally different than the present one dominated by banks and corporate entities and their puppet governments. One can argue about their lack of a western style democratic society but we are talking about a state form of capitalism herein which their goal is to elevate their population's income. Maybe Prof Wolff could explain that process ...

  • @seanh.2559
    @seanh.25592 жыл бұрын

    It doesn't matter what kind of xxxist, so long as the life of ordinary people can be improved!

  • @biochemwang2421

    @biochemwang2421

    2 жыл бұрын

    By stating that, you are a socialist already.

  • @PrismC

    @PrismC

    2 жыл бұрын

    Based

  • @communityrags6048

    @communityrags6048

    2 жыл бұрын

    @@PrismC based?

  • @communityrags6048

    @communityrags6048

    2 жыл бұрын

    @@biochemwang2421 If there is any evidence that neoliberalism can do this, I'm a socialist who would be a neoliberal. As the guys says, lets go for the ism that makes everyone's lives better. However in spite of all the trickle down theories, only the lives of the rich seem to improve. The poor are thrown into chaos. Time to try something else.

  • @gsuzuki6138

    @gsuzuki6138

    2 жыл бұрын

    Agree

  • @MostlyLoveOfMusic
    @MostlyLoveOfMusic2 жыл бұрын

    Very coherent and agreeable. Thanks

  • @barabimbaraboom7830

    @barabimbaraboom7830

    2 жыл бұрын

    Imagine what you will get, Kleptocracy

  • @pfacka

    @pfacka

    2 жыл бұрын

    In what in exactly? He could not even agree on definition of socialism with himself.

  • @dr.livesey7595

    @dr.livesey7595

    2 жыл бұрын

    @@pfacka Dont think about it that much they are angry idiots. If you think a McDonald's employee is able to.decide what mcdonalds should do with the proits then why do these ceos earn College degrees? 🤣

  • @inaperfectworld8087
    @inaperfectworld80872 жыл бұрын

    I don`t think these big multi-national corporations would ever democratize the workplace. They do not want all their workers voting on major decisions . If they did that , they would have to share the companies profits with ALL their workers . Can you imagine that . Right now the profits trickle up to the CEO`s and other executives. They like it that way.

  • @FreddyWangNX
    @FreddyWangNX9 ай бұрын

    I've lived and recieved education in both maryland and beijing, in my perspective, the major difference between china and the US is that in china, the government controls the capital, or to use a metaphor, people are fighting to be the king so that they have unlimited access to more money. whereas in the usa, money outranks everything, thus having enough money grants you the ability to appoint a king for you own benefits.(of course, elections were held in america, but even trump needs support from large enterprises behind his MAGA poster. as for china, as long as the government remains authortarian but not monarch, chances are still equal for everone in the larger sense.) what has to be stated is that the american ruling class has truly done a great job in making it's people think that their voice is heard(compared to china)

  • @FreddyWangNX

    @FreddyWangNX

    9 ай бұрын

    one more thing, I love marland more than beijing🥰

  • @robertlee5214
    @robertlee52142 жыл бұрын

    whatever it is, it's working great. China's GDP grew 40 times in the past 30 years. From 360.9 billion USD in 1990 to 14.72 trillion USD in 2020. Remember, this is a country with more than 1 billion people.

  • @mikejohnson555

    @mikejohnson555

    2 жыл бұрын

    I have seen it with my own eyes, and it's truly stunning. Even what China has done in only 10 years is almost too much to believe. From having 20miles of high speed rail, to 15,500 miles. In only 3 years they laid down more concrete than the United States has in its entire history since 1776. Traveling to China today is like stepping 30 years into the future. It is absolutely incredible the level of development and technological sophistication they have achieved. I think it is absolutely crystal clear that all of this was possible because of Socialism, no other capitalist country has seen development like this in such a short period of time in history. Even Britain during the industrial revolution or America during the 1920s, both nations that saw explosive growth and modernization, but nothing on the level of China today. People still make jokes about Chinese pollution and criticism about China that were valid back during the 2008 Beijing Olympics. What is absolutely incredible is today only 13 years later China is almost unrecognizable compared to 2008, My first in person trip to china was 2009, and my most recent was late 2019. I can tell you as a American living in America right now, my home town, and pretty much anywhere in America today, is exactly the same or worse off in that same period of time.

  • @infinitemonkey917

    @infinitemonkey917

    2 жыл бұрын

    It's great if you don't mind having no due process or civil liberties. It's great if you like the social score system and surveillance state with nothing like a first amendment.

  • @umalaurenbowman7276

    @umalaurenbowman7276

    2 жыл бұрын

    @@mikejohnson555 Jokes about Chinese pollution? Oh it's no joke...When you can hardly breathe, all of that aggressive development will show its real cost...

  • @infinitemonkey917

    @infinitemonkey917

    2 жыл бұрын

    @@mikejohnson555 That was a nice propaganda response. I'm not in favor of a cold war with China and I think we should end the embargoes on Cuba and Venezuela. I also acknowledge the improved economic situation in China, as well as lack of freedoms in the U.S. But wow are you full of shit. The social score system is horrendous. China is clearly a surveillance state dictatorship. Any civil libertarian can see that. You are willfully ignorant if you think otherwise.

  • @mikejohnson555

    @mikejohnson555

    2 жыл бұрын

    @@umalaurenbowman7276 It is a joke because it's outdated nonsense. In my multiple times in China I never once experienced noticeable pollution. Certainly not any worse than any American city I have been to. My entire point is China has improved so rapidly that the very real problem of pollution and smog covering cities like Beijing is mostly a thing of the past. I have no doubt they may still have bad days. So too does LA. However the improvement in 10 years is incredible. *Go to any major Chinese city today and you will see thousands of electric cars, electric busses and public bikes. You won't find that level of green technology in any other western city I am aware of, Not in LA, not in Seattle, Chicago, London, New York, Houston, Miami, Paris. etc. If that doesn't impress you, you need to think about your standards.*

  • @cqccyh
    @cqccyh Жыл бұрын

    Every work class people in US and China should work together to get back their rights and money from those richest

  • @emilioguifarro6389
    @emilioguifarro6389 Жыл бұрын

    Excellent and very clear like always Mr Wolff

  • @RageFanVg
    @RageFanVg8 ай бұрын

    Very informative thanks you !

  • @inctru
    @inctru2 жыл бұрын

    Any system fails when corruption & greed is allowed to run completely amok. The devil is in the details, with regards to safeguards, structure, rules & enforcement when dealing with any economic system.

  • @jamesmurphy9105

    @jamesmurphy9105

    2 жыл бұрын

    Greed Wins all the Time

  • @sonofgreatsteppes9497
    @sonofgreatsteppes94972 жыл бұрын

    Quick note at 0:30, they did say that they are Communist, or more like were pursuing Communism. We still refer to the people who sympathise with USSR as communists, always did. But I know that point is the explicit demonization of the Socialism by West, just thought that it's worth noting. Source: I'm from post-soviet country and my elders grew up in the Union.

  • @wooden2187
    @wooden21878 ай бұрын

    You know the USSR anthem had the line “it leads us to the triumph of communism”, never noticed it was a destination not the journey.

  • @johnchristopherdelegero1728
    @johnchristopherdelegero17282 жыл бұрын

    The difference really is distribution of wealth/resources, no matter what you call the rulers are.

  • @rae9925
    @rae99252 жыл бұрын

    I don't care really, as long as I can lead a happy and meaningful life and not have some foreigners come and tell me what is right or wrong. I can freely explore the world and form my opinion either physically or virtually online on my own term, without coming across biased and malignant accusations sometimes even violence against my people and my country. Then it will be enough. I am Chinese.

  • @edukid1984

    @edukid1984

    2 жыл бұрын

    There are in fact a growing number of people in the West today that truly believe as you do, unfortunately their voice is drowned out (or more commonly, outright censored in one way or another) by the established powers. I am 3rd-gen Malaysian Chinese.

  • @belmiris1371

    @belmiris1371

    2 жыл бұрын

    Doesn't the government there heavily censor the internet? Can't you go to prison for saying your leader looks like a certain cartoon character? Are you free to travel? I have no interest in forcing my opinions on others but I question holding China up as some kind of great place to be a worker.

  • @edukid1984

    @edukid1984

    2 жыл бұрын

    @@belmiris1371 Why are you obsessed with the right to demean, caricaturise and smear political leaders? Is it so hard for you to imagine a culture where people are unkind to unconstructive criticism or derisive portrayal of their leaders? China doesn't subscribe to the theatrics and show business that is "democracy" in so many purportedly advanced countries today. They do not see the need to provide avenue for people to turn their politicians into clowns - an avenue far more needed in the West where politicians increasingly _do_ behave like clowns. There are a number of reasons why internet is more heavily censored in China than the "West" (not least of which its tendency as a tool for foreign powers to instigate colour revolutions and regime change), but honestly you'd be surprised by just how much your governments don't want you to see even in 2021. Also, the Chinese are free to travel - the fact that you believe otherwise proves how much toxic propaganda you've been fed by your media yet you don't notice any of it. p/s: Winnie the Pooh toy is widely sold in China. In case you were wondering.

  • @belmiris1371

    @belmiris1371

    2 жыл бұрын

    @@edukid1984 - the right to criticize and even ridicule leaders seems an important part of a government that represents its people. The is plenty of information some leaders in my government people would rather people did not see but they have no ability to censor it. I understand rigid authority is part of many peoples' idea of a healthy society but that just means they have a longer way to go to achieve a socialist society. We should not use them as examples of such societies.

  • @edukid1984

    @edukid1984

    2 жыл бұрын

    @RPTOR EMPPAnd you seem like someone who can't read past 3 sentences.

  • @billfrenger8955
    @billfrenger89552 жыл бұрын

    Yes! Thank you Professor Wolff.

  • @barabimbaraboom7830

    @barabimbaraboom7830

    2 жыл бұрын

    Imagine what you will get, Kleptocracy

  • @enermaxstephens1051
    @enermaxstephens105110 ай бұрын

    The fact that this man has a phd makes me lose any faith left I had in academia

  • @herbertwilkshire4265
    @herbertwilkshire42652 жыл бұрын

    Richard Wolff id like to have a debate with you on the definitions of capitalism socialism and communism and maybe some other things please Will you?

  • @mattb4312
    @mattb43122 жыл бұрын

    I define socialism, which takes place in the transitionary phase between state and communist society, by whom it serves. If it serves the many jt is socialistic, if it serves the few it remains a bourgeoise capitalist society. China serves the poor, the peasent, the rural, the urban, the workers, the minority popularions etc. they are the strongest socialist economy but as a people they had to bring in market reforms to allow growth snd development in this global neoliberal world order.

  • @francistremblay877
    @francistremblay8772 жыл бұрын

    incredible such brilliant explanation comes from US

  • @georgefurman4371

    @georgefurman4371

    2 жыл бұрын

    Let's remember that the greatest minds are always in the eye of the storm and greatest events of history. Marx was at the heart of the industrial revolution, socrates, Aristotle and the rest at the center of the first "democratic" experiment, Einstein in the great revolutionary universities of science. We at the greatest capitalist nation in the planet.

  • @jglg7238
    @jglg7238Ай бұрын

    this person explained it very well.

  • @brenoobr
    @brenoobr Жыл бұрын

    Doctor Wolff, there are millions of cooperated workers in China. Also, isnt the means of production in the hands of private initiative a valid way to describe capitalism?

  • @georgefurman4371
    @georgefurman43712 жыл бұрын

    Excellent Profr. You just nailed the fundamental question and proper way to aboard the issue. It is not a matter of right or wrong. To be honest the proper objective rational way is what way to organize production.?? Here lays the objectivity of the problem. Not wrong or right simply the proper way to organize the production activity of society. As simple as that. Why start the issue as a conflict.??? Only those that fear loosing a privilege start the discussion that way.

  • @d6wave

    @d6wave

    Жыл бұрын

    it is a right or wrong matter tho. similar as 2+2=4 should be correct(righ as synonym) answer opposed of 2+2=preferencesonly capitalism pabloescobars etc should be corrupt (wrong as synonym) answer. similarly ,, there's a correct and or should be a right way to be a astronaut on a space station (which requires correct educations), and there's a shitload of corrupt ways to be astronauts on a space station even destroying that space station (and not only killing and violating-rapping eachother on that space station). it's similar on earth. or even as more bigger picture, calculating timelines should be different between right or wrong. there wouldn't be ways around it bc it's a base principle(correct or corrupt right and wrong ).

  • @georgefurman4371

    @georgefurman4371

    Жыл бұрын

    @@d6wave There is a historic context for every concept to be understood from an ethical point of view. What was wrong in the past may become right today. Common sense in the middle ages became obsolete after the Renaissance giving way to a new common sense. The " American way" was and is common sense for a majority of us citizens but is changing. What was unacceptable before Trump suddenly is legitimized by the GOP. And many behaviours are being normalized by the political right. The same way in feudalism it was transformative the new entrepreneurial shops of the artisans turning factories in time. The serf became a free worker and a new social contract became the prevailing socioeconomic way of organizing production. Serfdom was then obsolete and the many revolutions of the XVIII and XIX centuries ended that old social contract giving way to Capitalism. Today capitalism is obsolete and socialism is the new alternative to organize production. It is the right way and capitalism is becoming the wrong way.

  • @d6wave

    @d6wave

    Жыл бұрын

    read my comment again, until it's clear that right or wrong would be universal(or every universe timeline) OBJECTIVE, and NOT subjective and group subjectivity insanity and a group consensus insanity of common sense false "objectivity" ..dude. history would be nonrelevant in this equation too. different objectivity than consensus.

  • @georgefurman4371

    @georgefurman4371

    Жыл бұрын

    @@d6wave ok. Bottom line. Capitalism is a failure. It doesn't work because it is wrong. Morally, politically, economically , etc. It is a bankrupt system for society. That is it.

  • @zongdanny6387
    @zongdanny63872 жыл бұрын

    this guy know chinese system so much and more accurate

  • @lepidoptera9337

    @lepidoptera9337

    2 жыл бұрын

    And he would be the first one to be arrested if he were Chinese. :-)

  • @MrWill1729

    @MrWill1729

    2 жыл бұрын

    @@lepidoptera9337 he didn't criticise anyone so no negative social credit for him :)

  • @lepidoptera9337

    @lepidoptera9337

    2 жыл бұрын

    @@MrWill1729 And there is the 50 cents army. :-)

  • @MrWill1729

    @MrWill1729

    2 жыл бұрын

    @@lepidoptera9337 And there is the CIA op :)

  • @lepidoptera9337

    @lepidoptera9337

    2 жыл бұрын

    @@MrWill1729 And there is the boring kid who needs a lot of attention. ;-)

  • @Timrath
    @Timrath11 ай бұрын

    Which countries would fit your definition of Socialism? I don't thing the Soviet Union, or any of its satellite states, allowed workers to vote on what to produce and where to sell the products.

  • @SCHMALLZZZ

    @SCHMALLZZZ

    8 ай бұрын

    Any country that is in the process of transitioning from capitalism to communism is socialist.

  • @AntonioSalazar-db1eb
    @AntonioSalazar-db1eb Жыл бұрын

    I miss Mr. Wolff expressing is moral stance on China's system.

  • @mimiphuc
    @mimiphuc2 жыл бұрын

    Prof Wolf should interview ERIC LI. WE could learn more about whats China system.

  • @hammadsethi5329
    @hammadsethi53292 жыл бұрын

    Whether China is capitalist, socialist or communist or not; but China is fast becoming the last best hope for peace and prosperity for the people of the Muslim world.

  • @48Ballen

    @48Ballen

    2 жыл бұрын

    Amazing Comment given that the Chinese are Atheists

  • @CripplingDuality

    @CripplingDuality

    2 жыл бұрын

    @@48Ballen amazing response seeing as it's totally irrelevant

  • @Gfin28

    @Gfin28

    2 жыл бұрын

    ironic

  • @Grassy_Gnoll

    @Grassy_Gnoll

    2 жыл бұрын

    The Uyghurs would disagree. I can only assume that was the troll bait you were throwing. Congrats! I'm now on your bridge with Three Billy Goats Gruff.

  • @user-lj2zm2uo2v

    @user-lj2zm2uo2v

    2 жыл бұрын

    @@48Ballen Amazing comment given that the Chinese are not all Atheists, several hundred millions Chinese have religion.

  • @xiaopengzong6980
    @xiaopengzong69802 жыл бұрын

    The concept of democratizing workplace has been around since 1960 the latest in China, as can be seen in Mao's propositions on "鞍钢宪法".

  • @paintedwolf2

    @paintedwolf2

    2 жыл бұрын

    What happened on Mao's rise to power and how many died. At least 60 million?

  • @xiaopengzong6980

    @xiaopengzong6980

    2 жыл бұрын

    @@paintedwolf2 why don't you find out the number before commenting?

  • @paintedwolf2

    @paintedwolf2

    2 жыл бұрын

    @@xiaopengzong6980 it is estimated at least 60 million. No one knows the exact number.

  • @paintedwolf2

    @paintedwolf2

    2 жыл бұрын

    Once in power power will not be given up. People will comply or die. Simple. So they are useful idiots or dead.

  • @xiaopengzong6980

    @xiaopengzong6980

    2 жыл бұрын

    Source? How did they count it? Did they include everyone who died voluntarily fighting imperialism, feudalism, and state capitalism that were oppressing the vast majority of Chinese people to the verge of despair and death? Maybe they were the useful idiots or tools for western imperialism.

  • @anantgillmusic
    @anantgillmusic2 ай бұрын

    State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.97 trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.

  • @shean-koklim4197
    @shean-koklim41972 жыл бұрын

    Thought provoking and if the big wigs brings this to the table to formulate collective definition this world might have a chance.

  • @guennadifedorov2239

    @guennadifedorov2239

    2 жыл бұрын

    Socialism is the power ( dictatorship) of people who control the critical centers of social, environmental and economic development and direct the development for better life of all

  • @benangel3268

    @benangel3268

    2 жыл бұрын

    The dictatorship of the proletariat is governance run by the, working majority for the benefit of the working majority. It makes enemies with Fascists Imperialists Colonialists Conservatives Capitalists Libertarians Religious groups who want to gain power to represent people of their own faith.

  • @Rodrifuuu

    @Rodrifuuu

    2 жыл бұрын

    The big wigs will always choose capitalism, because they're the only ones that matter. It's up to the people to make that decision, and to take the power from the hands of the oligarchs by force - because they won't let go of it peacefully.

  • @communityrags6048

    @communityrags6048

    2 жыл бұрын

    @@guennadifedorov2239 I think communism/socialism is quite often defined as being highly democratic rather than a dictatorship. If it IS dictatorship, that is only in the Hobbes/Bagehot sense of sovereignty, 'efficient parts' of the constitution, etc. You have a united 'force' that governs basically until its term of office runs out, as with any elected government or 'elective dictatorship' within any modern democracy. see: en.wikipedia.org/wiki/Elective_dictatorship You get that with any form of government, in other words.

  • @benangel3268

    @benangel3268

    2 жыл бұрын

    @RPTOR EMPP Here are the groups who have tried overthrow socialist run countries. Fascists Imperialists Colonialists Conservatives Capitalists Libertarians Religious groups who want to gain power to represent people of their own faith. The only group who succeeded were the CRAPitalists. With the help of CIA and FBI (cold war tactics, see CIAs own website for these). By taking control of the global media, even supporting extremist and dangerous groups. Most wars, certainly not all, have been to overthrow socialist countries. So, you should be feeling very happy.

  • @davidtildesley3197
    @davidtildesley31972 жыл бұрын

    It's capitalism. It doesn't matter if it some mixture of state, corporate or private capital. It's capitalism. Wage labour and capital. END OF STORY. Red washed capitalism is still capitalism just the same as green or blue washed capitalism. That's it folks.

  • @internetperson8638

    @internetperson8638

    2 жыл бұрын

    Finally, somebody with common sense. I don't know how people manage to justify Capitalism, even if it's under a red banner!

  • @internetperson8638

    @internetperson8638

    2 жыл бұрын

    @@AlOlexy What do you mean? They have the means. The means of production are factories and other tools of producing things, you know that right? Then they can seize the means of production and have the workers control it. If they were in a feudal society, perhaps not. But they aren't feudalist. "in what other way could they survive in a rabid capitalist world" How did the Bolsheviks survive? Defend the revolution. That doesn't mean you have to go full fledge capitalism. Rabid capitalist world? Make it a socialist one, spread the revolution. That is a defeatist attitude to just give up at the first sight of an obstacle, make compromises, take shortcuts.

  • @danielwbader
    @danielwbader4 ай бұрын

    I don't hear anyone else defining "socialism" as a democratic workplace, and definitions aren't a complete free-for-all. "Socialism" is usually been defined as social control of the means of production. I suppose in one sense, democratic workplaces are socially controlled production, but that only makes them a *type* of socialism, not a *definition* of socialism.

  • @pparker768

    @pparker768

    Ай бұрын

    Yes. He's not very good is he.

  • @CharlesHarpolek4vud
    @CharlesHarpolek4vud7 ай бұрын

    W what will Tibet become or be allowed to be?

  • @allegrachambers3505
    @allegrachambers35052 жыл бұрын

    I think it's time to separate the two definitions of Socialism and label the democratization of the workplace as Cooperativism since state ownership/private ownership and worker ownership have such different ramifications. Cooperativism should be seen as a critique of Socialism and Capitalism (and Communism). State-owned resources and worker co-op owned industry, all run Democratically seems like a fair and distinct system to me, and should be distinguished from efforts of the past tainted with Bureaucracy, Privatization, or Dictatorship.

  • @mikejohnson555
    @mikejohnson5552 жыл бұрын

    People should know that even big companies like Huawei are essentially run as worker co-ops. China certainly isn't perfect, but they are doing a far better job than western countries are. China most importantly is moving in the right direction.

  • @auferstandenausruinen

    @auferstandenausruinen

    2 жыл бұрын

    Huawei is not a co-op. Workers can have some stocks which do not have voting weight in the board as a monetary stimulus, but they do not have any say on how the company is run.

  • @mikejohnson555

    @mikejohnson555

    2 жыл бұрын

    @@auferstandenausruinen Do you even bother researching before you make comments? "Workers can have some stocks" Workers "can" have stocks of any company in the world, I think you are missing the point that Huawei is largely worker owned and all workers own a stake in the company. Also the workers do in-fact get a say about company business. That is just demonstrably wrong to say they have no say on how the company is run. Likewise all employees are unionized and have strong bargaining power as well. Is it perfect? Obviously no. Can you criticize Huawei? You bet! Is it also significantly better than 99% of all American businesses. *Absolutely yes.* if you don't know what ESOP is. you can only get shares if you are an active employee. when you leave the company, what ever your share is with the company they will pay the money to you, that way only current employees own shares. shares are typically payed out on the bases of what your salary is and how long you been with the company. The shares payed out to employees are free each year. It also functions as a secondary retirement account where when you retire you get money based on the shares you owned. If you had been working at the company for over a decade, it can work out to substantial amounts of money.

  • @auferstandenausruinen

    @auferstandenausruinen

    2 жыл бұрын

    @@mikejohnson555 That's where the problem lies. Huawei operates exactly like any other capitalist corporations. The union only has the bargaining power on paper, because the rules and the decisions of the company are made in another shell company completely controlled by the founder Ren Zhenfei himself and the top executives, who happen to be the chairs of the union. ESOP only works as a stimulus and in a way, a bribery to trap them in the company. If the average employees have any say on how the company is run, why would they have 72hr+ work weeks (which is already against the labor law) for a mere 30%~50% bonus in wages and dividends compared with industry average in China?

  • @mikejohnson555

    @mikejohnson555

    2 жыл бұрын

    @@auferstandenausruinen What is even your angle here, you clearly didn't know much about this topic in the first place. claiming workers can have "some stock" and that is it. As I stated before criticize the company all you want. Yet they still are demonstrably better than 99% of Western corporations while proving predominate employee ownership of the company. You even manage to complain they only get paid 30-50% more than the industry standard. The horror. Really what is your purpose here, what do you intend to accomplish? I'm sure your bleeding heart just really cares so much that a rapidly growing Chinese company that demonstrably treats their workers better than many western companies is the focus of your ire?

  • @kdh4jc
    @kdh4jc Жыл бұрын

    You just mentioned how cooperatives do their businesses.. They have been around for a couple of centuries.

  • @bringinitdown.
    @bringinitdown.10 ай бұрын

    Capitalism with red banners. Sickening.

  • @cockyrooster361
    @cockyrooster3612 жыл бұрын

    Let me help you, as someone whoz been there; its all 3 @ the same time. There, just saved you time.

  • @TheRamos07
    @TheRamos072 жыл бұрын

    While I am a large proponent along with Wolff of leading socialism by addressing the fundamental contradiction of capitalism, the organization of the workplace/labor; it's important to note that China has some of the most cooperatives in the world and I believe Xi Jinping is looking to increase those numbers. It certainly seems they are playing the long game.

  • @tonyarling8543

    @tonyarling8543

    2 жыл бұрын

    Allowing capitalist enterprises to coexist within the domination of a socialist government accomplishes many things. Some of the fiercest enemies of Cuba and the USSR were exiles but by allowing capitalists to grow rich, albeit in a constrained manner means that China is not constantly hounded by exiles. It allows them access to foreign markets and technology, and there are likely even certain sectors of the economy that operate more efficiently when they are capitalist in nature. Playing the long game is exactly what they are doing. Had they not opened up to the outside world they might not have the technological and industrial base required to repel outside military aggression, or the economic clout to attract non ideologically aligned countries to their camp. The fact that all of the western European nations are hedging their bets in the US-China conflict rather than throwing their full weight behind Washington for a Cold War 2.0 is a stunning coup that the USSR could only dream of. Priority number 1 of any socialist or communist movement needs to be the ending of US unipolar hegemony and the Chinese are biding their time and hiding their strength until such a day that they can pull the rug out from underneath the yankees.

  • @Joey_Buttafoucault

    @Joey_Buttafoucault

    2 жыл бұрын

    The Communist Party of China is also pretty thoroughly proletarian. While workers may not be able to vote in the workplace (yet), the party which rules the country and decides where many profits go is itself made of workers.

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @@Joey_Buttafoucault daily.jstor.org/communist-party-of-china/

  • @billjohnson6863

    @billjohnson6863

    Жыл бұрын

    @@Joey_Buttafoucault Lol a dictator is no longer a member of the proletariat.

  • @tonyskoulakis4975
    @tonyskoulakis49752 жыл бұрын

    China has worked on economic reform as number 1 not political like the fallen Soviet system cupish!!

  • @psikeyhackr6914
    @psikeyhackr69142 жыл бұрын

    How many people know how to design a smartphone?

  • @billbill9392
    @billbill93922 жыл бұрын

    a union yes as a USW member we all claim one for all, opposite of all for one, it was my union brothers backs that ached making the profit

  • @good2freelance1
    @good2freelance12 жыл бұрын

    Its Socialist with market economy, works wonders :)

  • @barabimbaraboom7830

    @barabimbaraboom7830

    2 жыл бұрын

    A failed experiment so far, let's try one more time shall we?

  • @obione69

    @obione69

    2 жыл бұрын

    @@barabimbaraboom7830 Wait wait, do you think China is a failed experiment? HAHAHA, Bwahaha.. that is priceless

  • @barabimbaraboom7830

    @barabimbaraboom7830

    2 жыл бұрын

    @@obione69 Americans are NOT Chinese, see the culture problem? Oh, you want to abolish the constitution , I see, go on...

  • @obione69

    @obione69

    2 жыл бұрын

    @@barabimbaraboom7830 Wtf are you talking about block head, who said anything about abolishing the constitution.

  • @cocaineminor4420

    @cocaineminor4420

    Жыл бұрын

    ​@@barabimbaraboom7830 let's put in Socialist, democratic and republican into one system

  • @scottdavis3571
    @scottdavis35712 жыл бұрын

    It's a State Capitalism.

  • @politika8087
    @politika80876 ай бұрын

    I see China's current organizational system (socialism with Chinese characteristics) as a way to remain competitive against (or with) and relevant in the current global economic system. They're probably waiting for capitalism to fail before they ultimately convert to a fully socialist economy.

  • @fitwigebrehiwet3129
    @fitwigebrehiwet31292 жыл бұрын

    All the above

  • @Nites2k
    @Nites2k2 жыл бұрын

    It seems far more hes trying to avoid being absolutely direct, something I have found him doing with the USSR; they are practicing state capitalism regardless of the direction they claim. USSR is gone CCP is not, go figure. Just by reading Marx it's quite clear what this society is. Sure there is progress just like the west talks endlessly about. *But what of the people* ??

  • @CripplingDuality

    @CripplingDuality

    2 жыл бұрын

    Most of them are quite happy with the CPC, and from reading Marx, plenty have concluded that they are, as they say, in the early stages of socialism, itself the lower stage of Communism. What is actually self evident is that most people who use the term state capitalism rarely understand Marx as well as they think.

  • @Nites2k

    @Nites2k

    2 жыл бұрын

    @@CripplingDuality ahh well if most of them are happy then you *must* be correct!

  • @Nites2k

    @Nites2k

    2 жыл бұрын

    @@CripplingDuality I could probably find a million Chinese from the ccp that say what you say. Strange how I can also find the opposite. But what do we accept in Marxism? Fallacies do not support the reality of what is being examined. Aka ancedontal evidence is not significant to any argument unless you can show that evidence is clearly demonstrable. So you, someone I dont know or have no idea of your affiliation, saying this and that about people means nothing to the argument at hand. I can find a million socialist that claim its state capital while I can find another that say different. The conclusion is argued from the material not opinion or emotion, yet you are so quick to show such by attempting to insult because I have a opposite position. Lol wow, and people wonder why the left is fragmented. State capitalism is in fact the condition the ccp state is practicing. Is it the facsimile of state capitalism? Based on your fallacious reply you do you support absolutes too? Nordic capitalism is not US capitalism. The topic is a very simplified examination on the complexities of different state operations, Wolf makes that clear. So I'm not gonna sit here and write an eassy on the caveats because any person that knows a lick of logic knows there is more beyond what is said on a KZread comment. Especially if you claim Marxism. You being so quick to be the gate keeper of Marxism is quite sad especially when you depend on fallacies to make a point. Aka being state capitalist does not disassociate them from their movement of socialism. Like Wolf said, what will come from it, we will find out. I'm presuming your the one that's quick to attack others when a similar argument of development is employed in USSR? Yea man just disregard my response and insert some sort of lazy insult to be right like you lolol. I guess I'll give up Marxism as well now thanks.

  • @transsylvanian9100

    @transsylvanian9100

    2 жыл бұрын

    @@Nites2k "State capitalism" is just another word for socialism, even Lenin said as much. The reason why China is socialist and Scandinavian social democracies aren't despite both having regulated market economies and a mix of public and private ownership in the economy, is first and foremost because China is ruled by a dictatorship of the proletariat, the CPC is the vanguard party of the Chinese working class and always puts the interests of that working class first. Capitalists are kept on a tight leash in China and must be subordinate and subservient to the workers' state. This qualitative difference results in a number of essential quantitative distinctions such as a high degree of state control over even private enterprises through party supervision, a high degree of planning in the overall economic direction and the subordination of profit to national interests, and a much stronger state sector than there is in social democracies, and this sector receives significantly more resources and funding than the private sector. In short, unlike in social democracies where the capitalist class is still fundamentally in charge and the economy is purely a market one albeit regulated, in China it is the communist party that is in the commanding heights of the economy while the market and private enterprise are merely used as tools in a carefully controlled fashion.

  • @Nites2k

    @Nites2k

    2 жыл бұрын

    @@transsylvanian9100 There is a lot to agree with here especially the first few lines you mentioned and the role of a command economy. State capitalism is no facsimile however the style of that capitalism is dictated by that region. So both ccp and USSR practiced this for development. Hence why I said it does not disassociate with socialism. I do not agree that the the state is looking out for the people largely because of the massive discounts in the immediate progress to the individual. I do not disagree there has been a increase in a "middle class" but it's not focused to be widespread. Like western capitalism there are lopsided results however those results rival the west. We agree on that. There is no need to explain the difference between command and market. My point and focus remains on the masses that have been discounted in this movement to socialism. There is no nessesscity to maintain billionaires nor is there logic to the millions that are discounted. People hear negatives of china and are quick to bury them when in reality that takes away from the whole idea of dialectical reasoning. I say this to emphasize that people still need to recognize that many have been lost in this revolution. You say the party is the vanguard of what tho? Is it mechanistic progress or human progress? This is something that can be debated but I am on the side that it is far more mechanistic than human. Like Wolf discusses and to the distaste of many MLs and MLMs, dogmatic dedication to routes is not the only way. In fact its extremely plausible and desirable by a large majority of the masses for another. Ofc I am referring more to left communist modes within the state like democratizing workplace more ubiquitously. What lenin refers to as infantile. But even then we dont need to stick to either pure mechanistic or human it does not need to be a dichotomy. So once again I agree on the wild progress but I disagree on the disproportional focus on the individual. Thanks for writing the caveat

  • @PoliticalEconomy101
    @PoliticalEconomy1012 жыл бұрын

    The definition of socialism: “When working people together as a class rule over the government and own the means of production (usually through state ownership).” This definition satisfies, both a generic definition of socialism (common ownership of the MOP) and the Marxist definition of socialism (dictatorship of the proletariat). However, if there is no governance according to socialist principles and goals then its not really socialism. Dr. Wolff’s definition of socialism: “When working people independently rule over each separate business (usually through worker cooperatives).” This definition does not satisfy either the generic definition of socialism nor the Marxist definition of socialism. This definition is unique and should be called Wolffism rather than socialism.

  • @icemike1

    @icemike1

    2 жыл бұрын

    Should be

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @WTFViewer marxists.architexturez.net/archive/fromm/works/1961/man/ch06.htm "Marx expressed the aim of socialism with great clarity at the end of the third volume of Capital: "In fact, the realm of freedom does not commence until the point is passed where labor under the compulsion of necessity and of external utility is required. In the very nature of things it lies beyond the sphere of material production in the strict meaning of the term. Just as the savage must wrestle with nature, in order to satisfy his wants, in order to maintain his life and reproduce it, so civilized man has to do it, and he must do it in all forms of society and under all possible modes of production. With his development the realm of natural necessity expands, because his wants increase; but at the same time the forces of production increase, by which these wants are satisfied. The freedom in this field cannot consist of anything else but of the fact that socialized man, the associated producers, regulate their interchange with nature rationally, bring it under their common control, instead of being ruled by it as by some blind power; they accomplish their task with the least expenditure of energy and under conditions most adequate to their human nature and most worthy of it. But it always remains a realm of necessity. Beyond it begins that development of human power, which is its own end, the true realm of freedom, which, however, can flourish only upon that realm of necessity as its basis." [91] Marx expresses here all essential elements of socialism. First, man produces in an associated, not competitive way; he produces rationally and in an unalienated way, which means that he brings production under his control, instead of being ruled by it as by some blind power. This clearly excludes a concept of socialism in which man is manipulated by a bureaucracy, even if this bureaucracy rules the whole state economy, rather than only a big corporation. It means that the individual participates actively in the planning and in the execution of the plans; it means, in short, the realization of political and industrial democracy. Marx expected that by this new form of an unalienated society man would become independent, stand on his own feet, and would no longer be crippled by the alienated mode of production and consumption; that he would truly be the master and the creator of his life, and hence that he could begin to make living his main business, rather than producing the means for living. Socialism, for Marx, was never as such the fulfillment of life, but the condition for such fulfillment. When man has built a rational, nonalienated form of society, he will have the chance to begin with what is the aim of life: the "development of human power, which is its own end, the true realm of freedom." Marx, the man who every year read all the works of Aeschylus and Shakespeare, who brought to life in himself the greatest works of human thought, would never have dreamt that his idea of socialism could be interpreted as having as its aim the well-fed and well-clad "welfare" or "workers' " state. Man, in Marx's view, has created in the course of history a culture which he will be free to make his own when he is freed from the chains, not only of economic poverty, but of the spiritual poverty created by alienation. Marx's vision is based on his faith in man, in the inherent and real potentialities of the essence of man which have developed in history. He looked at socialism as the condition of human freedom and creativity, not as in itself constituting the goal of man's life. For Marx, socialism (or communism) is not flight or abstraction from, or loss of the objective world which men have created by the objectification of their faculties. It is not an impoverished return to unnatural, primitive simplicity. It is rather the first real emergence, the genuine actualization of man's nature as something real. Socialism, for Marx, is a society which permits the actualization of man's essence, by overcoming his alienation. It is nothing less than creating the conditions for the truly free, rational, active and independent man; it is the fulfillment of the prophetic aim: the destruction of the idols. That Marx could be regarded as an enemy of freedom was made possible only by the fantastic fraud of Stalin in presuming to talk in the name of Marx, combined with the fantastic ignorance about Marx that exists in the Western world. For Marx, the aim of socialism was freedom, but freedom in a much more radical sense than the existing democracy conceives of it-freedom in the sense of independence, which is based on man's standing on his own feet, using his own powers and relating himself to the world productively. "Freedom," said Marx, "is so much the essence of man that even its opponents realize it.... No man fights freedom; he fights at most the freedom of others. Every kind of freedom has therefore always existed, only at one time as a special privilege, another time as a universal right." [92] Socialism, for Marx, is a society which serves the needs of man. But, many will ask, is not that exactly what modern capitalism does? Are not our big corporations most eager to serve the needs of man? And are the big advertising companies not reconnaissance parties which, by means of great efforts, from surveys to "motivation analysis," try to find out what the needs of man are? Indeed, one can understand the concept of socialism only if one understands Marx's distinction between the true needs of man, and the synthetic, artificially produced needs of man." You can read the whole article. For me it is obvious that what is happening in China has nothing with socialism. Yes it improved the standard of living for the majority of its population spreading senseless consumerism ( yes, I visited China).

  • @sandicirak6223

    @sandicirak6223

    2 жыл бұрын

    @WTFViewer First my comment was very short, at the bottom. What is written above is the extract from Erich Fromm Marx's Concept of Man marxists.architexturez.net/archive/fromm/works/1961/man/index.htm Your last sentence does not have any meaning and shows that you do not have any understanding of Marx or Communism. As You said that China or USSR is not Marxist, what does that means. Marxist could be one man because that says that Marxism is his view of the world or his ideology and there is plenty of marxism. That is why From is talking about Marx's views, not about marxism. China's government is communist. What is that? Thet China is governed by a party that called itself a communist party. Or you think that China or USSR is some kind of communist sociaty. Obviously, in that case, you do not know what is communism and you just listen to capitalist propaganda which wants to difine China or USSR as a communist country to develop a fear of communism and avoid any real discussion about communism. It will be useful for you to read that article from From about Marx. That will save you some time because to really read Marx you have to read a lot, not just one book. "It is one of the peculiar ironies of history that there are no limits to the misunderstanding and distortion of theories, even in an age when there is unlimited access to the sources; there is no more drastic example of this phenomenon than what has happened to the theory of Karl Marx in the last few decades. There is continuous reference to Marx and to Marxism in the press, in the speeches of politicians, in books and articles written by respectable social scientists and philosophers; yet with few exceptions, it seems that the politicians and newspapermen have never as much as glanced at a line written by Marx, and that the social scientists are satisfied with a minimal knowledge of Marx. Apparently they feel safe in acting as experts in this field, since nobody with power and status in the social-research empire challenges their ignorant statements.[1]"

  • @cocoslover100
    @cocoslover1002 жыл бұрын

    Every -st can be useful at different senerio. If a government limit self to certain -st, it can not serve all.

  • @chroma._.5986

    @chroma._.5986

    Жыл бұрын

    biggest lie ever but alright

  • @cocoslover100

    @cocoslover100

    Жыл бұрын

    @@chroma._.5986 nothing finite with boundaries serve the infinite. If you limit yourself in a mindset, setup for allergies.

  • @vudat189
    @vudat1892 жыл бұрын

    Communist Politic , Capitalist economic there end explained

  • @blue46gt
    @blue46gt2 жыл бұрын

    Worker ownership is 100% compatible with capitalism, and many capitalist companies are either totally or partially worker owned. I don't know why Richard seems oblivious to this fact, and assumes that worker ownership is automatically socialist.

  • @PrismC

    @PrismC

    2 жыл бұрын

    He does have a strange fixation with worker coops for some reason

  • @TheMojoGang

    @TheMojoGang

    2 жыл бұрын

    Yeah Richard Wolff can have some pretty lib takes sometimes.

  • @averagesmartape5833
    @averagesmartape58332 жыл бұрын

    China hence has a mixed economy like all western countries.

  • @amila_desilva
    @amila_desilva Жыл бұрын

    What a lesson to SL. #politicalcrisisSL #economiccrisisSL #srilanka

  • @luisortunosantanacabrera1001

    @luisortunosantanacabrera1001

    Жыл бұрын

    Sri Lanka debt share West 52% India 42% China 2% SL ki buri haalat ke liye wo khud zimmedaar gai along with the west.

  • @bloanta
    @bloanta2 жыл бұрын

    Richard You are JUST fucking awesome

  • @barabimbaraboom7830

    @barabimbaraboom7830

    2 жыл бұрын

    awesome? Kleptocracy ?

  • @fayyaznoor1962
    @fayyaznoor19622 жыл бұрын

    Chinese Socialism: Comment from Pakistan Socialism with Chinese characteristics is used as a word of political science. More importantly the Chinese call the economy as a Socialist market economy. The capitalists are allowed to perform the best but under the watchful eye of the people whose interests are represented by the CPC. Among the present myriads of goals the most important is continuously raising the purchasing power of all the people so that they can enjoy the best of the products produced inside or imported from outside. That is why they have massive import exhibitions. This is opposite to keeping the purchasing power of the people to a trickle down using trickle down economics say in the U.S.A. And correspondingly the people need not be burdened with import exhibitions. Such exhibitions can only be an exception in the U.S.A, but in China they are the rule. The second goal is to raise the cultural life through continuously increasing the cultural opportunities for the people that are easly affordable for all the people. This compliments the raising of the purchasing power. In the U.S.A the compliment of the trickle down of purchasing power is the trickle of affordable opportunities for the cultural life of the people. Rather it is the opposite i.e. the sapping of the cultural life of the people. Hence only two examples may be enough to show the qualitative difference between the Socialist market economy and the Capitalist market economy of the U.S.A. The people of the U.S.A could easily achieve all this only if they declare "Peoplé's Republic of the U.S.A", and throw this "trickle down" term of black magic into the past where it belongs, and not the future of the people of the U.S.A. It is only then that the respected Professor Wolff's ideas of democracy in the work place can be realized, not before.

  • @fayyaznoor1962

    @fayyaznoor1962

    2 жыл бұрын

    @@JohnSmith-mc2zz Dear John I have not mentioned any comparisons of purchasing power, only the difference of continuous rise in real wages in one and continuous focus on the trickle of purchasing power as an essential qualitative difference between the aims of the two economies. and similarly the complementing qualitative difference of affordable cultural facilities according to the two forms. Yet your question needs to be answered. Let me give just one meaningful stat for comparison. In China the average household saving is 34 to 35 percent. i.e. a chinese can save that much from his monthly salary. China is the highest saving nation in the world. Can a U.S.A working person save as much from the his/her working salary. One cannot say it is because they are not buying or that they do not like the things being sold, since the whole world is flooded with their products. Another example the chinese working people will by early estimates make 4.1 billion domestic tourism trips in 2021(in 2019 they made more than 5 billion domestic tourism trips). If so many trips are being made, it shows the availablity of very affordable and lots of cultural life. And also proves that the Chinese are not averse to buying since they are buying a lot of tourism trips. And tourism trips are enjoyed when one is able to have good food and drink. Good food and drink does not imply expensive food and drink, that will depend on the individual's income. Thus they are travelling so much yet are also able to save the largest in the world. Hence there must be many and very affordable factors affecting their lives and such factors must be distorted or hidden by the fake elite media in the U.S.A and its minion elite owned countries. This the elite media must hide from their real enemies the people of the U.S.A etc. Rather they fill the peoples minds with floods of fake food for thought, that compliments the trickle down of the food for the stomach, as the primary aim.

  • @sleepya3129

    @sleepya3129

    2 жыл бұрын

    @@JohnSmith-mc2zz Lie down? The Chinese will tell you that they fly with swords when they go out. You should look at their children. They are optimistic about the future and never give up. They suffer failure and then smile and stand up again. All the Chinese children I know are like this. I only see depression in our children, giving up.

  • @merbst
    @merbst2 жыл бұрын

    China is good!

  • @theheadshot45

    @theheadshot45

    2 жыл бұрын

    I would say that China is "not bad".

  • @jerryteh420
    @jerryteh4202 жыл бұрын

    China & Singapore keep changing strategies. They don hold on a same strategy like a religious person. Things change.

  • @claudioforjan1743
    @claudioforjan17437 ай бұрын

    The State sector in China is large if we talk about property and control of some industries, heavy and strategic industries. Nonetheless the State sector in China is not large if we talk about Welfare State. Welfare State is much larger in Western European countries.

  • @jessicasfakeaccount
    @jessicasfakeaccount2 жыл бұрын

    "china calls itself socialist. therefore, china was always socialist." this guy walks into this stuff over and over again...

  • @jessicasfakeaccount

    @jessicasfakeaccount

    2 жыл бұрын

    china is the most hyper-capitalist state that has ever existed.

  • @yogawan3805

    @yogawan3805

    2 жыл бұрын

    @@jessicasfakeaccount wrong, but u can call State Capitalism. Everything in China belong to State, including land. So nobody can own land in China.

  • @jessicasfakeaccount

    @jessicasfakeaccount

    2 жыл бұрын

    @@yogawan3805 i don't know what land ownership has to do with capitalism.

  • @jessicasfakeaccount

    @jessicasfakeaccount

    2 жыл бұрын

    @@yogawan3805 capitalism is the system where surplus value is extracted from workers by a managerial class. it has nothing to do with land ownership. at all.

  • @jessicasfakeaccount

    @jessicasfakeaccount

    2 жыл бұрын

    @@yogawan3805 if a system with total state land ownership extracts surplus value from it's workers, it's absolutely a capitalist system. if a system with completely private land ownership puts the surplus value in common, it is not a capitalist system.

  • @NumeroSystem
    @NumeroSystem2 жыл бұрын

    Capitalism issues money through loans, which results in debt, discrimination, and competition. Socialism issues money through social programs, which results in balance, equality, and cooperation.

  • @josephbierlein4151

    @josephbierlein4151

    2 жыл бұрын

    China in its initial period of socialism, under Mao, issued money on the basis of material resources. Their currency, renminbi, was tied to grain and other basic necessities, similar to the system used by the USSR.

  • @NumeroSystem

    @NumeroSystem

    2 жыл бұрын

    @@josephbierlein4151 Issuing money on the basis of material resource sounds like collateral required for a loan, more capitalist, than socialist.

  • @josephbierlein4151

    @josephbierlein4151

    2 жыл бұрын

    @@NumeroSystem It was a step in the process of definancialization. Previously, currency was tied to the value of silver. Then, when the CPC shut down the centers of speculation (private banks), the remnants of the banks began speculating on grain and the like. This caused the currency to spike as grain value chains were not controlled by the CPC at this point. Through hoarding and market manipulation the currency massively inflated and speculators left with a profit. The CPC then put an end to this speculation. They forced speculators to sell by manipulating the market themselves, by flooding centers of speculation with cotton and grain. Ultimately, they put an end to speculation entirely, and thus, put an end to financialization of cotton and grain. Afterwards, they weren't giving out loans. The currency was merely a representation of the material necessities for the basics of life. The currency was issued on a work-basis. No longer could financiers earn currency merely by speculating on it. They had to work to live.

  • @tofolcano9639
    @tofolcano96392 жыл бұрын

    Why do we just assume that the Chinese workers don't have a say on their work? Do we actually know if they can't give input on how to improve the work in their SOE? Or in their other forms of public ownership like in co-ops and such? Even if they don't actually have direct democracy in the workplace, do we know if they can complain to the CPC and if they can then influence the business they work on? Here in the west even some capitalist enterprises ask input on their workers on how they think they could improve the workplace. I feel like the fundamental goal isn't achieving direct democracy on every aspect of our lives. Direct democracy is just a means to an end, a way to control the means of production to provide for people's needs.

  • @TheRamos07

    @TheRamos07

    2 жыл бұрын

    I believe we should have the right and ability to participate in direct democracy in the primary spaces of our lives; Workplace, community, local and national government. But also in the other spaces we choose like peoples orgs and unions. Etc.

  • @rainnyjiang4208

    @rainnyjiang4208

    2 жыл бұрын

    people in China especially the middle class complained about the school time. most parents asked if the school can open until after working time so parents can get there to pick up their kids without extra cost! the government in couple cities are trying to work out a way for this request. In the west, if you vote, parents will vote for yes and teachers/educators will vote for no!! how to solve the problem? vote to get parents right means teachers right are compromised. what do you think? does voting really works?

  • @weiner392
    @weiner392 Жыл бұрын

    At the end of the day all that matters to everyone is how rich the country is what the quality of life is you get. Don’t matter if you get to vote but homeless.

  • @amydalzell5801
    @amydalzell58012 жыл бұрын

    ""Chinese characteristics" can also mean ,- something the West should familiarize itself with.

  • @rogerfaint499

    @rogerfaint499

    2 жыл бұрын

    The Chinese characteristics could be summed up Deng Xiaoping's words, when he went towards capitalist road: White cat or black cat, a cat that catches mice is a good cat. Therefore, definition or ideology is useless unless something works. What's the use of calling something democracy when it is actually oligarchy - when the system is for the rich, by the rich (at the expense of the poor).

  • @amydalzell5801

    @amydalzell5801

    2 жыл бұрын

    @@rogerfaint499 There was also an ancient Chinese Sophist (whose name escapes me at the moment) who said, "A white horse is not a horse." My only point was that the basis for Chinese culture is very different from ours, and maybe we need to learn more about it.

  • @dariosilva85
    @dariosilva852 жыл бұрын

    It is easier to start companies and factories in China than in US and Europe. Therefore China has more economic freedom than we do. That is why China is winning. Which shows economic freedom (capitalism) is more important than political freedom (democracy), when it comes to creating prosperity.

  • @48Ballen

    @48Ballen

    2 жыл бұрын

    CHina steals intellectual property, manipulates currency values, and murders minorities in China. They have never made a product that is not junk and that is known fro quality EVER!!! I personally will not buy the jun they build because I don't waste my money. Their biggest gift to the world so far is the COVID virus.

  • @madonesmack

    @madonesmack

    2 жыл бұрын

    @@48Ballen you write rubbish because you have a bird brain. Just my opinion.

  • @CripplingDuality

    @CripplingDuality

    2 жыл бұрын

    @@48Ballen go away settler

  • @andrewgreen5574

    @andrewgreen5574

    2 жыл бұрын

    Not really, lol. Whether or not it's easier to start a company in China, which I find doubtful as foreigners can't own more than half of 30% of a company and must partner with a Chinese national, is rather irrelevant. It's about the political goal, and the road towards socialism. There's a reason the Chinese claim is that they are in the early phases of socialism. Marx actually refered to this as the lower phase of communism. Also, capitalism doesn't mean economic freedom, lol. The Nazi party supported capitalism, and it was anything but "free".

  • @dariosilva85

    @dariosilva85

    2 жыл бұрын

    @@andrewgreen5574 Our companies move from our country to China. That means we are socialistic, and China is capitalistic. Because companies move from socialism to capitalism. Because companies move to a place where it is easier to do business than their current location. That is pure logic. So dont be fooled by what people call themselves. China can call itself communist all they want and we can call ourselves capitalist all we want. But in reality we are communist and China is capitalist. That is the purest truth as you will ever find. America is not a capitalist country anymore. The economy is becoming more and more centrally planned from Washington. The government (local and federal) spends 50% of all our income. We are half way to Soviet Union. And what the government doesnt take in taxes, it regulates the hell out of. Not to mention the central planning by the federal reserve, where beauracrats are making huge decisions instead of the market. Interest rate should be set in the free market, but we have beauracrats setting it like the old Soviet Union. So we have so much central planning that we can no longer call overselves free market capitalist.

  • @Huy-G-Le
    @Huy-G-Le5 ай бұрын

    China, Vietnam, Laos are what you call "Communist party countries preparing the material and social conditions to transfer from a Capitalist system to Socialist system in the near futures". Now here the question, what do you deal with people inside the party whom cooperates with the Communist party to builds the material condition for progress, but don't want to transform the economy system to one that is ran by the working class democratically?

  • @Hunterchuck
    @Hunterchuck2 жыл бұрын

    I'm sorry Mr. Wolff, but I have to strongly object to this idea that these nations are Socialist. And if you truly were a fan of Karl Marx and understood the man, you would understand also that Marx himself would reject you as a socialist as he did to many others during his time. What these countries are is what we call in economics a command/control economy. It should embarrass you that some random person on the internet would need to explain that to you as an economics professor.... Oh and I should also make sure to point out that it doesn't matter what people call themselves. Words mean nothing, only actions mean something. It never matters what a political party calls themselves. Do you think that the "democratic" party in America are truly democratic? If yes then you should retire from teaching anyone anything and find a different hobby.

  • @CripplingDuality

    @CripplingDuality

    2 жыл бұрын

    The sheer arrogance of western leftists is hilarious. The dude has been teaching Marxism longer than many of us have been alive. I'll take his analysis over some teenaged shitlib whose political education comes from streamers, thanks.

  • @Hunterchuck

    @Hunterchuck

    2 жыл бұрын

    @@CripplingDuality My political education comes from everywhere including from Wolff. Your crybaby response because your feelings got hurt doesn't change facts. Are you one of those people that instead of referring strictly to Isaac Newton's Theory of Gravity, you suggest that we should also go to a crackhouse and hear out the drug addicts version of how things fall to the ground?

  • @TimeT-ob9vz
    @TimeT-ob9vz2 жыл бұрын

    Mixed. But it is just a title.

  • @qjtvaddict
    @qjtvaddict2 жыл бұрын

    All of the above

  • @patawoonie
    @patawoonie2 жыл бұрын

    China is a socialis state but running like capitalis, contrary Singapore is a capitalis state but operating in socialis manner. For a state to be success and prosper, government intervention is crucial in certain industry for the greater good of vast public interests.

  • @MaxStArlyn

    @MaxStArlyn

    6 ай бұрын

    CΗίΝα = socialism, with ‘ CΗίΝese’ characteristics. Socialism, with ‘ΝατιοΝαlιςτ’ characteristics. Socialist ΝατιοΝαlιςm ….. ΝατιοΝαl socialism. USA capitalism = state sponsored υςυrγ.

  • @kbg5294
    @kbg52944 ай бұрын

    A socialist country is a country without private propriety over means of production, no exploitation of people's work. Not to be confused with personal propriety.

  • @nezb01
    @nezb012 жыл бұрын

    It’s a technocracy.

  • @lepidoptera9337

    @lepidoptera9337

    2 жыл бұрын

    No, not really. It's pretty pure capitalism at this stage.

  • @lestagez
    @lestagez8 ай бұрын

    did he answer the question ?

  • @TIENxSHINHAN

    @TIENxSHINHAN

    7 ай бұрын

    No he didn't.

  • @user-jz8vx4kc4z

    @user-jz8vx4kc4z

    6 ай бұрын

    What he wants to say is that the question itself is not clear, so it cannot be answered

  • @pedrofox2609
    @pedrofox26092 жыл бұрын

    Imagine if i want to start a business based on a business idea and i need 10 -25 people first year. It could be catastrophic if the workplace was democratic from beginning. I could loose all invested capital in worst case. The model mentioned has to be developed further, exceptions in the start, shared private/statal risk etc.

  • @lepidoptera9337

    @lepidoptera9337

    2 жыл бұрын

    You don't sound like a person who knows how to start a business to begin with. No offense.

  • @pedrofox2609

    @pedrofox2609

    2 жыл бұрын

    @@lepidoptera9337 No I don´t and no offence taken, but someone should think about this question/details and not just launch the idea. In Sweden the closest thing we have is that in some big companies the union is quite strong and must approve all the managers up to line managers even if HR department has said yes. At directors level there is no power and sometimes employees are getting a bonus which is at least something.

  • @pedrofox2609

    @pedrofox2609

    2 жыл бұрын

    @Keep getting Censored By KZread Yes thats true. A country's habitants should by rwfererendums every 5 years or something decide by themselves maximum immigration they want per year.

  • @pedrofox2609

    @pedrofox2609

    Жыл бұрын

    @Brutally Goofy Buddha So the one that came up with the idea will have to share equally with the others in the Cooperative? Shall their salaries be the same? I think we need AI to help us out with good models for this kind of business 🙂. And then we have country vs country fighting sometimes over resources. Have vto fix that first. At least I believe BRICS is a step forward for humanity. If their economic model will be the future one its a good start.

  • @dogaredeemer2711
    @dogaredeemer2711 Жыл бұрын

    isnt socialism also linked with ensuring social security of its people??

  • @user-mhgu6om9mj2t
    @user-mhgu6om9mj2t2 жыл бұрын

    Great explanation professor Wolff

  • @salj.5459
    @salj.54592 жыл бұрын

    The second definition of socialism you provided is the only actual definition of socialism. Strong state =/= socialism

  • @AndreiStoen
    @AndreiStoen2 жыл бұрын

    Rofl the title applies to the US today as well haha

  • @bortsimpson4536
    @bortsimpson45362 жыл бұрын

    People can go ahead and start a democratized work place. If it is government owned it won't be socialist. Under this model the postal service would be no better than anything else.

  • @jorgesaito461
    @jorgesaito461 Жыл бұрын

    Colonel Douglas Mcgregor said China is not actually communist, but a fascist country. It makes sense. How it can be communist or socialist with so much inequality?

  • @AlegreFranz
    @AlegreFranz2 жыл бұрын

    this guy sounds like the voice over on old Disney cartoons

  • @wilhelmruoff1273
    @wilhelmruoff12732 жыл бұрын

    Another way to look at it, and the way I do look at it, is not how big the government is, but who controls it and uses it for their class interests. Is it a dictatorship of the bourgeoise or a dictatorship of the proletariat? In this regard China would be considered a socialist nation. Obviously their implementation of the peoples will isn’t perfect (name a country that is), but it is a hell of a lot better than the western model. The CPC is made up of over 90 million members and more than half are workers. The bourgeoise makes up less than 1% of the party and no capitalist holds a position higher than CPC party congress member (and even then, they are only 3 out of 3000 congress members). This is reflected in chinas harsh treatment of capitalists, with them being imprisoned and executed for very little. This is also reflected in their poverty alleviation campaign which has given over 800 million access to food, water, healthcare, housing, electricity, and education (chinas poverty alleviation campaign is more than just a dollar amount as poverty line, but is living conditions). I make the argument they are socialist because the people hold the monopoly on power and corrupt capitalists are executed rather than running the country. This is just one way to look at it though.

  • @shne388
    @shne3882 жыл бұрын

    Effiel Tower vs. Guided Missile or Incubator Culture. Hierarchical vs. Egalitarian

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