******************** POSTING RULES & NOTES ******************** #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. *****************************************************************
Is the Chinese economy dominated by the capitalist mode? I don't really have enough information to say decisively, but it seems to me that the decisive issue is NOT whether the state sector dominates the economy. After all, there have been many capitalist countries with huge state sectors. The decisive issue is whether the economy is dominated by state planning. And with that in mind, here's a figure: 22% of the housing in China is vacant. (In the US, the rate is slightly over half that.) This is not because of an expected boom in demand from a youthful population. On the contrary, the population is aging in China. Nope. It's good, old fashioned rampant speculation. https://www.bloomberg.com/news/articles/2018-11-08/a-fifth-of-china-s-homes-are-empty-that-s-50-million-apartments?fbclid=IwAR1p3DeoIybtxFGq2jiIO8DI34QXZgowNpLnwT1piEjK-_Rh_68KKRKjGk8 John Reimann -- *“In politics, abstract terms conceal treachery.” *from "The Black Jacobins" by C. L. R. James Check out:https:http://oaklandsocialist.com also on Facebook _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
