Summary
Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.
Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.
Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.
Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.
More than 60% of the Chinese economy is state owned and controlled, and as of I think a year ago they democratized Chinese company structures by mandating assemblies of employee representatives. The state having majority control and direction of the Chinese economy and market is the primary complaint of western trade partners, I don’t know why people are always surprised by this.
I get that people really do not like the authoritarian aspects of the Chinese government, but state-controlled economies are pretty much the exact intent behind ‘worker-controlled means of production’ in marxism.
Socialism isn’t just when the government does things. In between workers and the state needs to be a free and functioning democracy.
Yes, that famous part of Das Capital where marx coins the term “democracy of the proletariat”
https://en.wikipedia.org/wiki/Dictatorship_of_the_proletariat
Yup.
You act like that’s different than a democracy, please define why.
A ‘dictatorship of the proletariat’ has elements of democracy, but it is explicitly not the same as a liberal democracy (nor is it really the same as a straight-out dictatorship). It’s possible that some people prefer the Trotsky version of socialist states (one where multiple socialist parties might compete for power), but the ML single-party version is still very much within marxist theory.
The Chinese political system is democratic, just not in the same ways a western democracy might be. Western liberals seem to either not know (?) how the Chinese system works, or miss-understand what ‘democracy’ means as it pertains to Marx’s ‘dictatorship of the proletariat’. Either way, @explodicle@sh.itjust.works seems to be operating under a liberal-democratic understanding of democracy, but that’s really not a given in marxist theory.
Then: it’s obviously not democratic, that’s why they call it a dictatorship
Now: well it’s just not democratic in a way you liberals would understand
There’s a reason why Marx coined a term referencing ‘dictatorship’ that included elements like ‘direct democracy’. He sought to exclude the capital class entirely from it, and so referred to it as dictatorship ‘of the working class’. Marx specifically saw liberal democracy as one designed for the borurgeoisie, and so using that as a basis of comparison for a socialist project is counter-productive
When liberals accuse China of being a ‘dictatorship’, they’re pointing to the parts of China’s democracy that differ from western democracy that specifically have to do with the inclusion of the capital class. Even a single-party state can be of the working-class and have direct-democracy, as is China’s.
You’re free to disapprove of China’s system of government (I have scruples about it myself), you simply can’t reasonably argue they are a dictatorship by any modern standards(at least, in no other way than in Marx’s own use of the term).
Far from ‘approving’ of their system of governance, though, their state-controlled economy is definitionally socialist.