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2025-08-19 21:46:09

Protestation (English)

protestation@friendica.eskimo.com

What is market socialism?

What is market socialism?
by Proletarian TV on YouTube

2025-08-19 22:37:11

Comrade Ferret

ferret@hub.workersofthe.world

@Protestation (English) "Markets are good, markets are forever"
I agree and this is the inescapable issue when talking about China. One can offer their support and still recognize that this is not a socialist stand. It isn't that markets themselves are anti-socialist inherently, but the market economy which is implied here is.

When under Lenin the USSR underwent the New Economic Policy, it was self-admittedly not socialism, and not permanent — and indeed, despite some protest even from within the party, it went away after just a decade.

Likewise, when Vietnam also calls itself market socialist, it is quick to point out that what they have is not socialism — and that indeed, socialism is impossible for a small, developing nation like itself without being sanctioned into poverty.

Xi Jinping, on the other hand, has written that the "invisible hand" is an irrevocable part of the Chinese economy and that the government needs to know when to step back and let the market have its say and wield its power, and calls this "Chinese" socialism. This is concerning, and while we can see China doing amazing things to counteract the immediate world-ending endeavours of the United States, we should be aware that they are not the shining beacon of socialism; and even in the event that the American Empire collapses and China becomes the undisputed dominant world power, we absolutely cannot rest on our laurels.

2025-08-20 00:55:49

Protestation (English)

protestation@friendica.eskimo.com

I recommend reading the following book of the comrade Harpal Brar:

-https://www.lalkar.org/article/3493/arriving-shortly-socialism-with-chinese-characteristics-by-harpal-brar

- https://shop.thecommunists.org/product/socialism-with-chinese-characteristics-2020/

2025-08-20 01:11:31

Comrade Ferret

ferret@hub.workersofthe.world

@Protestation (English) Of course it doesn't exist under communism, but as long as there is currency, there will be markets, and there isn't a socialist state in existence that has entirely done away with them.