>Under communism, doesn't everyone get a job?
Under communism, there are no billionaires. China has several hundred billionaires.
https://en.wikipedia.org/wiki/List_of_countries_by_number_of...
Under communism, there are no billionaires. China has several hundred billionaires.
https://en.wikipedia.org/wiki/List_of_countries_by_number_of...
China allows these billionaires to exist as long as they play ball and toe the party line, because China still owns a controlling share in every Chinese company that exists.
> Ma is an icon in China’s tech industry, one of its most successful and recognizable figures at home and abroad. He was speaking weeks before Alibaba subsidiary Ant Group, owner of the world’s largest digital payments platform, Alipay, was due to go public in Shanghai and Hong Kong. It would have been the biggest initial public offering anywhere in the world. On November 2, 2020, a week after his speech, Ma was summoned for questioning by the same regulators he’d challenged from the stage. Days later, Ant Group’s $34 billion stock market listing was suspended. For nearly three months, Ma disappeared from public view.
That's not different on the West. At least in China you know how much the government owns. In the West it's decided every year by unstable politicians.
It's entirely different, since this doesn't happen in the West. When did a billionaire get disappeared for re-education in the West last time? When was one forced to stop an IPO or sell their shares?
I come from an ex-communist country myself and I can tell you that what the political class was doing back then was definitely not "for the people". If you were part of the political elite (or a boot-licker) you had access to fancy things like cheese and chocolate, got to travel outside of the country, could occupy a good job, and other benefits.
I've seen corporations & billionaires run out of control like in the US where political bribery is legal and the government ends up catering to the 0.1% and not the majority of their constituents, and I'm not a fan of this, though I don't think the problem is democracy.
The Chinese government enjoys massive support, mostly from poorer rural populations. Western views don't quite believe it, and think it's all an excuse to hold power, but they take the notion of not letting rich people take over the state, quite seriously, especially nowadays.