Genuine question so please don’t hate on me. It seems to me that china now is more of a mixed market than a planned economy. Billionaires and class disparities definitely still exist in China and it seems like american communists almost romanticize china while ignoring obvious flaws in its system, only because they (rightfully) hate america and america hates China. China also supplies all of the world’s exploitative corporations with the vast majority of their goods. While China is probably better than the capitalist economies of the west, I don’t understand why a lot of people seem to hold it in the same regard as the USSR.
This answer in Stalin’s interview with Emil Ludwig touches on the same thing:
My main issue, when it comes to class inequalities, is not that it exists, but the fact that ‘Billionaires’ with a big ‘B’ exists in china. A billion dollars is a lot of money, and money inevitably affords political power.
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I will look more into it. Thank you!