Читать книгу Social capitalism as the only true socio-economic system - Михаил Озеровский - Страница 3

Let’s take China now. When China was a socialist state, the GDP created by state-owned enterprises has steadily declined, from 55% in 1998 to 41% in 2008 and 30% in 2011. China understood that the socialist economy is not efficient and that it is necessary to move on to capitalism.

I think there was no doubt in choosing between 2 types of capitalism – only state capitalism was suitable for China. By the way, the leader of the proletariat, V.I. Lenin, believed that state capitalism would help the young Soviet Republic to move to socialism. In China, the opposite happened. In transitioning to state capitalism, the Communist Party of China abandoned the socialist superstructure, promising the people that the life of the proletariat would not change in the transition to capitalism. The current economy consists of capitalist monopolies, which are not only regulated by the state, but also carry out the conceived ideas of China’s five-year economic plan. Thanks to capitalism, China receives investments from all over the world, and mainly from ethnic Chinese abroad. That is why China’s infrastructure is developing at a tremendous pace. For example, as of the end of 2017, China had 4.77 million km of roads, including 136.5 thousand km of highways, according to the latter indicator, the country was in first place in the world.