At some point those profitable industries would also stop being profitable though. After which China has to either liquidate the bourgeoisie that has emerged in China that has control of the banks and the Shanghai stock exchange.
Who's idea was it to participate in the international market of borrowing and lending instead of sustained socialist growth?
*either liquidate the bourgeoisie… or stop paying debt.
The Billionaires are under a big attack since Xi Jinping was elected.They don't make up the majority of the peoples Congress anymore so thats something
Deng's
war against Jiang's group:
medium.com
businessinsider.com
it was necessary to let China catch up, socialism must take an offensive approach, and one offensive move is to build up your productive forces to the most superior in the world.
and on profit, that is certainly true, but by then China should be the main decider of the global economy/productive forces, with that logical choice, they should make the choice to change the worlds course away from mere profit.
surely everything can't be blamed on the eternal Dengist, right?
He did start a process that broke up China's state services and resulted in the rise of corruption under Jiang
But the technological gap had to be closed, I do not think China can ever stomach the losses suffered under the Korean and Sino-Japanese war, this time they are determined to be a technological match.
I'am not kidding.
It really was his idea, here dengxiaopingworks.wordpress.com
Only in an illusory sense. Red flags and hammer and sickles devised by Lenin make for good aesthetics, but the nature of their political system, social ethics and economics has nothing to do with Marxism.