this post was submitted on 14 Dec 2024
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As far as I know, capital, the law of value, and generalized commodity production remain phenomenal in the PRC. Their prevalence does seem to be diminishing, though, which is one reason why I think that equating the PRC with something like Imperial America is wrong.
I agree largely, I suppose I just use the term "Socialist" because I believe the Public Sector to be primary and the trends to be towards collectivization. The "stages" of Socialism model common among Chinese Marxists at work.