On Wed, Mar 27, 2024 at 03:40 PM, Marv Gandall wrote: > > We’re left to conclude from this list that the PRC’s economic system is > indistinguishable from that of the UAE, Indonesia, Malaysia, Russia, Saudi > Arabia, and India.
Actually, the conclusion is rather different. Some people hope to exclude China from the list of capitalist countries. They set up the opposite of state ownership - private ownership - as the hallmark of capitalism. The chart shows that method leads to nonsense. Also, Kowalski's article from which Dan took the chart reports that the 204 firms on the chart had sales of $3.6 trillion. Obviously, the Chinese state firms' share of that was some minority percentage of the global total. In the year at issue, 2011, the GDP of China was approximately $7.5 trillion. So these figures give us yet another demonstration that the big SOEs are a small share of the Chinese economy. And by the way, how petroleum, coal mining, pipelines, and construction of roads and rails (prominent among state-owned firms) amount to a so-called "commanding heights" of the economy is a mystery. Socialist oil? The phrase is borrowed from another context and has no explanatory force here. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#29704): https://groups.io/g/marxmail/message/29704 Mute This Topic: https://groups.io/mt/105142448/21656 -=-=- 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. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
