Is this peak brainlet? I don’t believe that China is still socialist but to describe their mode as neoliberal, Reaganomics or even plain classical Western capitalism is just absurd.
Chinese Reaganomics
The fuck is this shit? They’re acting like China in 1984 was still under Mao when it well into Deng’s term. You know, the guy famous for having liberalized the Chinese economy.
What’s more, it doesn’t describe “Reaganomics” but very mild market reforms.
Mao Zedong fell from grace in the late 50s, pegged with the failure of the Great Leap Forward, but came back into power in the mid-60s with the Cultural Revolution.
Your charts suggest that Mao was, in fact, really good for the economy.
Let's agree that those are specious arguments to begin with then and move on rather than starting to beep and boop at eachother with non-sequitur
You ever hear of the United States Postal Service? I guess every modern nation-state in the world is and has been Marxist for some time now; we won!
en.m.wikipedia.org
Also, what is that? A few dozen regional firms?
chinacheckup.com
Man, with millions of small businesses being created every year and nearly a million foreign firms like Kentucky Fried Chicken operating relatively freely Communist China is probably the most business-friendly economy on Earth. Chinese Reaganomics in action!
Out of that entire article could you pick out anything more irrelevant than "what the authors are acting like" as an argument against the point of economic liberalization (Chinese Reaganomics) being the driving force of China's very recent flirting with objective economic success on both the macro and micro-economic level?
Seeing as the graph starts in 1970 and things only begin to really accelerate for China (China being represented by the red line, in case you'd missed that) in the mid 90s well over a decade after Mao died I'd have to clap back against that.
>fourth picture
Whoops, not sure how that got there. Not really worth deleting the post though.
Pushing back against Blumpf's National Capitalism with Chinese Reaganomics
rate
China plans income tax breaks to boost consumption
BEIJING (Reuters) - China’s parliament moved on Friday to raise the threshold for collecting income taxes, the first major adjustment in seven years, in a bid to boost incomes and personal spending power in a slowing economy.
The threshold for collecting income taxes will rise to 5,000 yuan ($732.21) per month from 3,500 yuan, according to the amendment passed in parliament on Friday.
Taxpayers also will be allowed to deduct expenses related to children’s education, interest on home mortgages, housing rent and treatment for serious diseases.
The change to the income tax threshold will take effect on Oct. 1 this year, while rest of the amendment will go into effect on Jan. 1 next year.
It is the latest move by China’s policymakers to cut taxes for companies and individuals in hopes of spurring growth in the world’s largest economy amid an escalating trade war with the United States.
[…]
Minister of Finance Liu Kun said in June that the planned changes to the individual income law would lead to tax cuts of varying degree for all taxpayers, especially low and middle-income earners, according to the official Xinhua News Agency.
For taxpayers earning a monthly salary of around 10,000 yuan ($1,463.55), their tax burden will fall by 70 percent, state broadcaster CCTV said in a report.
As much as it's fucking stupid to call it "chinese reganomics", the based af chinese are really sticking it to the west.
WILL STATE CAPITALISM END US GLOBAL HEGEMONY?
mildly unrelated to the thread i guess, but what is that pic? Tactical police nuke?
It seems inevitable doesn't it? Chinese Reaganomics has proven itself to be perhaps the ultimate economic system and the envy of the whole world. Reaganomics finally as envisioned by the Ronald Reagan (the man whom the "Reaganomics" in "Chinese Reaganomics" is named after) a noble vision no longer held down and back by the follies of the American two-party legislative gridlock or the curiously private Federal Reserve central bank that acts openly against the government and people it's supposed to serve through timely interest rate manipulation..
Whether China acquiesces to Trump's pugnacious, too-little-too-late economic policies and lowers their own market barriers or waits out the next two years they are in position to win in due time regardless. They have only just begun to experiment with Chinese Reaganomics and simply by virtue of having a population four times that of the US there seems to be no stopping their real great leap forward. A great leap forward into the soft but firm arms of the 40th president of the United States of America: Ronald Reagan.
Looks like a cement mixer but I think it's something they use to safely dispose of small improvised explosives and the like
For some reason that "warincontext" article is wrong. Whoops! It was just deferring to this: content.time.com