China has billionaires because it has private property, and it has private property as a concession to help speed up and smooth out development, keep it tightly interconnected on the global stage, and for technology transfer. Socialism is not “0 billionaires,” it’s a transitional mode of production that carries characteristics of the former mode of production and the new. Public ownership is the principal aspect of China’s economy, and the working classes control the state, ergo it is socialist.
China has billionaires because it has private property, and it has private property as a concession to help speed up and smooth out development, keep it tightly interconnected on the global stage, and for technology transfer. Socialism is not “0 billionaires,” it’s a transitional mode of production that carries characteristics of the former mode of production and the new. Public ownership is the principal aspect of China’s economy, and the working classes control the state, ergo it is socialist.