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by redahs 2859 days ago
They could clear up rents rising faster than savings and consumption by copying Taiwan and implementing a land value tax as Sun Yat Sen and Henry George originally recommended. However Xi has consolidated power, begun promoting Marx more heavily, and claims Marxism is still totally correct for the future of China, so they probably won't. With a greater push for Marxism, if the economy begins to slow we should expect greater nationalization of Chinese industry. Hopefully investors realize that Taiwan is the more sustainable political-economic system in light of current conditions.
1 comments

While China may be a Communist Dictatorship, the economy is extremely capitalistic with no aspects of Marxism. Do the workers own the means of production? No, not Marxist. Privatization also is not Marxism.