China’s Leaders Confront an Unlikely Foe: Ardent Young Communists
nytimes.com
nytimes.com
...and someone forgot to adapt the rhethoric.
The politburo seems to play favorites with capitalism when there is rapid economic and military expansion. It'd be interesting to see how that sentiment changes/changed in a recession.
A different lens to view this through is Deng Xiaoping used SEZ to subvert Mao's communist model and steer it back towards capitalism. "It doesn't matter whether a cat is black or white, as long as it catches mice." Deng endured severe personal suffering to deliver his vision. Unfortunately Xi is rewinding much of Deng's progress.
I've heard them described as Nationalising Socialists.
Yes I know exactly how the words you're trying to put in my mouth sound and I know why you are doing it.
Dog-whistle politics is political messaging employing coded language that appears to mean one thing to the general population but has an additional, different, or more specific resonance for a targeted subgroup.
Please explain how "Confection by Zionists" fits the bill?
The thing is that Israel is a red herring, the traditional anti-Semitism of the left pre-dates its existence and is rooted in the stereotypical association of Jews with finance and hence capitalism in general. Therefore often Zionist is a code-word meaning simply Jew. Banker is often used in a similar way too. Similarly, members of the far-right say Canadians when they mean black people.
I believe that what's going on in the Labour Party is an attempt to stifle criticism of Israel and in particular its treatment of the Palestinians.
I don't know if it's directly related to Israeli Governemnt Minster Erdan's "PR Commando Unit", announced last year. but it sounds very similar.
On the other hand, it's really obvious that all this media concern is directed only at the Labour party and not at the actual government, such as the support for Orban's antisemitic Hungarian government. Almost nobody in the media cares about antisemitism unless it can be used against the Labour party.
https://www.channel4.com/news/factcheck/factcheck-conservati...
One of the most pragmatic, matter-of-fact Marxist economists, R. Wolff, acknowledges the foibles, workarounds and tendencies... how people behave in reality, rather than how some people should like to make them, or would like, them to behave, or that libertarian, unregulated, utopian capitalist economics is some meritocratic magic wand that solves all externalities and inequalities in "the market," usually with "trickle down" economics that never happens. Reality is most definitely none of those things, even though people still try to pretend otherwise, likely for their own benefit.
Never say never. The problem is that "trickle down" economics happens to some degree. This is a problem because it convinces a large number of fence-sitters that all is good, at least compared to the straw-man opposite extreme: that no inequalities would be allowed at all under anything that has 'socialism' in it's name, be it democratic or not.
It started as a Will Rogers joke. Opponents of Reagan administration started to use it [1]. Then amazing thing happened. Somehow people in the right started to believe that it's actually a thing with solid facts behind it. Then politicians followed. Some economists have even tried to find the effect. It seems not to exist.
[1]: Reagan administration believed in supply-side economics and free markets ad the cause of more economic growth.
If BigCorps, who employ a lot of people are healthy and stable, they will invest and grow. Related to supply side economics.
It's not irrational.
BigCos along with banks are at the center of the economy - their leaders have more direct and clear impact that others.
Demand side things like government subsidies are generally a little more indirect, take time, and of course come a long with a bunch of side effects.
2008 was 'trickle down' economics, i.e. 'the banks must survive' and they got some cherry deals.
That matching quantity is the size of the economy.
Supply side argued that improving supply will increase demand and grow economy.
In practice the demand side is more often correct, supply side wrong. Demand creates incentives to increase supply, not other way around. Supply side can be correct in some special circumstances for a short time, but not so much that it would be solid macroeconomic policy.
Economy is like a rope. Demand is like pulling the rope. Supply is like pushing the rope.
They never match match.
In an modern economy demand is created by innovation and marketing, i.e. by creating things like the iPhone, which change all previous consumer expectations, and other innovations change the dynamics of production for other things.
" demand side is more often correct, supply side wrong. .Demand creates incentives to increase supply, not other way around"
No. Printing money, or borrowing it to gin up demand is nothing but a temporary distortion and a waste of everyone's time unless you're trying to 'hold things over' while an economy recovers from some kind of shock (or fix a taxation situation that was whack), moreover, over any period this will just cause inflation and nothing will change in real-dollar terms, other than the temporary misreading of the economy by producers. To be clear: there can be no fundamental and secular shift in demand (and therefore growth) from demand side activities.
There was no 'demand' for electricity until someone figured out electricity and the lightbulb, there was no 'demand' for toasters until someone figured it out. There was no 'demand' for the XMen and Avengers films, until someone created them.
The majority of per-capita growth is predicated on some kind of fundamental innovation be it process, technology, organizational, geopolitical (i.e. trade deals). This is supply side.
Now this doesn't mean we should just go ahead and wipe out corporate taxes yada yada, and that's not to say that strategic investment can't yield longer term action, but that strategic investment would have to be inherently value creating, not just some pure economic shift.
Your are using words like demand and supply general concepts not a specific model of price determination and then arguing freely with them. This is why you don't understand what supply and demand must match means.
>...The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow.
There can be no such thing.
A King is thought to simply have absolute power but this isn't true. The story is that he or she gained his power from "god", which is why Henry VIII nearly tore the country apart with his divorce. His decisions were the start of a dissent that ultimately culminated in the English Civil War.
This is also why dictators will go through the motions of a sham election. They derive their right to authority from the outcome of this election. If the dictator were to later say the election was a sham he would be disavowing his own right to authority.
The Chinese authority gains its power from the revolution. The people decided and fought to implement communism. If they back away too far from this in a way that is overt they will loose their moral authority to govern. Failure to maintain this story gives ammunition to political opponents.
Since China is a very hot topic in HN, and since I'm a software engineer, I want to share my ideas on this issue in a few sentences with my community. China's Communist Party was never about communism but rather about Big-C Communism which is the ideology formed in late 19th century, supposedly influenced by Marx' revolutionary ideas. What Big-C Communism captures is the method in which capitalims is sought to be destroyed, and thus by nature is not dynamic in and of itself. It cannot understand the real material conditions of modern China as it was formed before those conditions were realized. Since the natural process that creates capitalism is value generation and thus commodity production, it's pretty clear who paid attention to Marx that China is as capitalist as USA. I think our discussions would be more rational if we frame "China" discussions in terms of "authoritarianism" and not "communism".
And then the Communists came to power, not in the advanced industrial countries as Marx had predicted, but instead feudal or semi-feudal ones like Russia and China. As a result the Communists put into effect not socialism, but state capitalism, in order to develop industrially to the stage where they would eventually be ready for socialism, a development that never happened. And then state capitalism bogged down, so China and Russia switched over to crony capitalism. And in China crony capitalism eventually slowed down, and the country became too Western in its values, so Xi Jinping is cracking down and puting things under more state control. I assume you are aware of this whole story.
> For over a century, real, existing Communism has been Marxism-Leninism
In what way? There has been dozens of ideological factions calling themselves "Communists" like various types of anarchists, left-communists, Orthodox Marxists etc. More importantly, there was academic Marxism which wasn't revolutionary in its intention, which affected dozens of fields including history and sociology, and had factions too (e.g. Frankfurt School)
> And then the Communists came to power
The rest of your comment makes sense to me but I still want to be cautious to make such claims. In a Marxist sense ideological Communists weren't communists as communists can only be members of the working class willing to rise up against the bourgeoisie. The difference is the category: the Communists who came to power had ideological intentions and not material intentions whereas communism is a by-definition material concept. I believe it's true that maybe parts of Russian revolution started out as a communist revolution but, as you said, given the economic structure of the country (not highly developed) communism was already dead by the time revolution was over. And we can talk endlessly for hours whether Lenin was a good communist or an asshole; but this is irrelevant because communism (just like capitalism) is never about single persons but about classes. When the Russian Revolution started being more about Lenin and less about the people, it was already not communist regardless of the "ideology" of Lenin. Given the history, and how "Communist" is liberally used to attack Marx, it's intellectual laziness or intellectual dishonesty to mention USSR, China or other supposedly "Communist" countries to make an argument about Marx. I read the entire corpus of Marx and he very rarely talks about implementations, and oftentimes they're his very early work (like the Manifesto) or when he's critiquing other ideas on implementation (like the Critique of Gotha's Program). Given all these issues I have, I almost never find a good rational discussion about Marxism on the internet, not in HN, not on "socialist" sites like r/socialism, r/communism etc... It's always entirely about the ideology which is something Marx tried to criticise his whole life. It feels like when teenagers "discuss" Nietzsche and they think he's a nihilist when Nietzsche spent his entire life attacking nihilism.
I should have been more clear. I meant Marxism that achieved real political power. My point is that Marx's original vision could never be carried out successfully in the real world. Your further comments don't really present an argument to the contrary.
As a Chinese myself, in my eyes, the whole Communism thing is nothing more than a gimmick. A gimmick to keep public calm while the top heads fighting for domination at the back side of the TV camera and newspapers.
Ever heard of State capitalism?
https://en.wikipedia.org/wiki/State_capitalism#Current_forms...
In substance despite formal origin and flag color communism, nazism, fascism etc are the very same dictatorship born to stop socialism.
> Photos of the print ad red scarfs, promoting a local branch of the Wanda branch, went viral on September 29. The scarfs were worn by third-grade students of the Danyanglu primary school. The scarfs were reportedly handed out to the students in light of a road safety campaign on September 25. The school board allegedly did not notice the advertisement.
https://www.whatsonweibo.com/communist-blasphemy-red-scarf-w...
[1] Chinese officials burn bibles, destroy crosses and force Christians to renounce their faith https://www.dailymail.co.uk/news/article-6149897/Group-Offic...
[2] China working to 'exterminate' Uighur people, detention facility eyewitness says http://www.abc.net.au/news/2018-09-28/china-working-to-elimi...
[3] Defining a Genocide https://www.theepochtimes.com/defining-a-genocide_2624083.ht...