China, Cuba, Vietnam, and Laos are all examples of socialist countries today. China alone lifted over 800 million people out of poverty in recent decades. Compare that to the capitalist paradise in India.
China is a terrible example of a socialist economy, and the others are still mired by poverty. One could claim that is due to capitalist sabotage, but I don’t think it does socialism any favors to use them as success stories.
China is in fact an excellent example of a socialist country. Here’s a detailed explanation for you that’s well sourced and referenced https://www.youtube.com/watch?v=BT7Th2aV0wM
I’m going to level with you, I don’t have time to watch an hour long video for a topic that is likely just government-approved talking points.
In practice, I just don’t see any difference in the way the mega rich in China control society, just as they do in the rest of the western world. There is too much aesthetic reverence for the West in the upper eschelons of Chinese society.
It is just as dystopic as the West with the way workers are used as fodder by megacorps with no regard for their well-being. Any country with such widespread income inequality cannot call itself a socialist success story.
Not really, Nordic model is capitalist because the capital owning class owns the means of production and holds power in society. Nordic model has generous social services and a social safety net, but that of itself does not make it socialist. A socialist model implies that it is the working class that holds power and that means of production are under a mix of public and cooperative ownership. This is the model that all western countries fight against.
Thank you, this does makes sense!
You previously mentioned China. And China do have big companies like NetEase. Are such companies under a mix of public and cooperative ownershiprs? How it differs from IKEA? Not arguing, just trying to understand.