this post was submitted on 11 Oct 2023
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[–] Soleos@lemmy.world 2 points 1 year ago

Economic growth and efficiency in the form of a consumer economy, which dovetails with a capitalism-oriented promotion of individual accumulation of private property--this has become a larger part of the Chinese economy not smaller

Along side this, there's been a greater profit motive for developing productivity as well as through market competition.

The communist goals they've gradually abandoned has been things like economic equality, where their income inequality is similar to the US now and represents a highly unequal distribution of resources. Collective ownership is more of a mixed bag. Social justice is also fractured along socioeconomic lines with a high level of labor exploitation of the poorer classes by the wealthy classes. The way these problems manifest are characteristically quite similar to late capitalism in the west. Obviously there are differences and no system is entirely one or the other.