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Xi Jinping points China to Communist Revolution 2.0

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steveluv

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https://asia.nikkei.com/Spotlight/Comment/Xi-Jinping-points-China-to-Communist-Revolution-2.0?utm_campaign=GL_asia_daily&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20210901190000&seq_num=29&si=44594

Xi Jinping points China to Communist Revolution 2.0
President's Mao-like common prosperity policies could end up terrorizing Chinese

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Xi Jinping marks the Chinese Communist Party's 100th anniversary on July 1. His policies are becoming more like Mao Zedong's.   © Xinhua/Kyodo
YURI MOMOI, Nikkei China bureau chiefSeptember 1, 2021 11:31 JST

BEIJING -- Chinese President Xi Jinping on Aug. 17 announced policies toward achieving "common prosperity," a redistribution of income arrived at through new remuneration, tax and donation systems.

Twenty-six hours after the policies were unveiled, tech giant Tencent Holdings said it would provide 50 billion yuan ($7.8 billion) to the common prosperity initiative.

China needs income redistribution, but even with the flurry of announcements, societal tensions are mounting.

This is because Xi's policies are becoming ever more similar to those implemented by Mao Zedong. Here are some of the echoes of Mao's policies China hears today:

Attack local tyrants, divide up the farmland:

In its early days, the Chinese Communist Party won the hearts of peasants by seizing farmland from its owners and redistributing it to the peasants.

Donations under the initiative of common prosperity are supposed to be voluntary, but the policies call for "adjusting excessive incomes and prohibiting illicit income." These words have great power in a country where leaders, not laws, determine what should and should not be done.

Public-private joint management:

Under this economic reform, "delighted" private company owners were forced to dedicate their enterprises to the party.

In July, the Education Ministry said private schools should be operated by public authorities or abolished under certain conditions. A private high school in Henan Province won praise by swiftly deciding it "will donate everything to the government."

In another example, some cash-strapped private companies that relied on government rescue funds have been put under state control. Also, many private enterprises such as Alibaba and Tencent have internal party organizations that can serve as the foundation for de facto nationalization.

Supply and marketing cooperatives:

Along with people's communes and rural credit cooperatives, these took charge in distributing produce and supplying materials while heeding a rations system.

In June, the national organization of supply and marketing cooperatives -- all but forgotten since Deng Xiaoping introduced his reform and opening-up policy in 1978 -- made a surprise announcement: It will team up with the People's Bank of China and other parties to establish a business model covering everything from production to supplies and marketing to credit in rural areas. If materialized, it's a return to the era of the people's commune.

Why is Xi implementing policies that could make capital markets uneasy and put the brakes on innovation? If the "revival of the Chinese race" is the Chinese dream, policies that deny the path set by Deng and hamper economic development will certainly backfire.

But a close examination of Xi's ideology reveals a different ambition. Below are excerpts of important speeches about the developmental stage of Xi Jinping Thought.

"Marxism argues that humankind will inevitably take a path to communism, but it will be achieved through historical phases."

"Comrade Deng Xiaoping said socialism is the primary stage of communism and China is at the primary stage of socialism, in other words, at the undeveloped stage."

"With that judgment, he promoted reform and opening-up, made historic achievements and ushered in a new era."

"We already have a rich material basis for realizing new, even higher goals."

These remarks are in line with the historical materialism of Marxism. Karl Marx argued that capitalism's contradictions prompt socialist revolutions and eventually lead to communism. Ironically, revolutions occurred in countries where capitalism was undeveloped, and experiments to create communist societies ended in failure.

From this point of view, Xi has not denied the path taken by Deng. Through the inevitable developmental stage of the "maturing of a capitalist economy and the exposure of contradictions" brought about by Deng, Xi is leading China to Communist Revolution 2.0, an attempt to renew society.

In fact, East and West have arrived at the same historical perception of today's society. Look at the theme of this year's canceled World Economic Forum, "The Great Reset." It denotes an attempt to reflect on and re-imagine capitalism to bring about a better society.

However, Xi's revolution differs from the great reset. To borrow the words of Deng, China is at the primary stage of democracy, the undeveloped stage. If Chinese leadership suppresses people's desires by ignoring the manifestation of mature public opinions while trying to achieve innovation, it will have no way to do so but to impose strong peer pressure and terrorize people.

Domestic distortions can lead to extreme actions abroad. If China veers toward communism, major economies like Japan won't be immune to the fallout.

The future we envision now is one based on discontinuity, perhaps a power reversal or a decoupling between the U.S. and China, but we also need to prepare for a communist revolution by a superpower, a future everyone thinks is improbable.
 

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Jamesc

Jamesc

Hypersonic

At least Xi has gone green.

Recycling Mao's old policies.

:D

Anyway today still got communists huh?

What happened to the white cat or black cat good as long as it catches the mouse.

By the way cat is actually capitalist market policies. 

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t0y0ta

t0y0ta

Supercharged

Another misleading article.

Seriously China is now 100% capitalist society with autocratic govt. There is no way back.

All the moves are to tackle social inequality problems which are ballooning and will explode if untackled.

Like 996, basically big companies like Ali, Huawei who earn billions are pressurizing their employees to work 2 person hours to "make company competitive" where there are millions of new grads around looking for work. This is extreme capitalist exploitation and can only be addressed by regulatory intervention.

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Jamesc

Jamesc

Hypersonic
12 minutes ago, t0y0ta said:

Seriously China is now 100% capitalist society with autocratic govt. There is no way back.

Can they be 100% capitalist society with democratic govt?

:D

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Jamesc

Jamesc

Hypersonic

Well there is so much criticism of Xi. I would like to stand up for him.

In these Covid times what do people think is the most googled search item?

"What is Covid" or "How not to catch Covid"?

No the most downloaded search item is "How to download Yangxi Palace"?

What are these people thinking? - It should be how not to download Covid.

I am so glad that Xi has banned that Yangxi Palace.

Good job Mr Xi.

:D

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inlinesix

inlinesix

Hypersonic
1 hour ago, t0y0ta said:

Another misleading article.

Seriously China is now 100% capitalist society with autocratic govt. There is no way back.

All the moves are to tackle social inequality problems which are ballooning and will explode if untackled.

Like 996, basically big companies like Ali, Huawei who earn billions are pressurizing their employees to work 2 person hours to "make company competitive" where there are millions of new grads around looking for work. This is extreme capitalist exploitation and can only be addressed by regulatory intervention.

What you said sounds reasonable on the surface.

Deep down, companies like Ali and Tencent is "threatening" CCP via holding personal data of individual users.

To CCP, 996 is just noise.

What's threatening the economy is lying flat.  You can find 996 in Baidu.  Lying flat is hard to come by.

Lastly, Huawei is the most low key tech company with good reputation from CCP POV.

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Mustank

Mustank

Hypersonic
(edited)
13 minutes ago, ER-3682 said:

Alot of Super Rich will Migrate....

But I thought they super rich is due to Chinese productive capacity or market or relationship?

Have to replicate the success elsewhere 

 

Edited by Mustank
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Arogab

Arogab

Turbocharged
1 hour ago, inlinesix said:

What you said sounds reasonable on the surface.

Deep down, companies like Ali and Tencent is "threatening" CCP via holding personal data of individual users.

To CCP, 996 is just noise.

What's threatening the economy is lying flat.  You can find 996 in Baidu.  Lying flat is hard to come by.

Lastly, Huawei is the most low key tech company with good reputation from CCP POV.

Haha, HW is the 997 company man. I think this round CCP also going around to catch the Famous, not just Big and Rich

32 minutes ago, ER-3682 said:

Alot of Super Rich will Migrate....

Many of them already run liao and many of them probably run and get caught. Of one I know and did not get into the net owns 2 GCB. Fantastically wu lui

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Voodooman

Voodooman

Supersonic
47 minutes ago, Freeder said:

Xi da da’s iron grip of Power really tok kong..

Wanna play, let's make it big.. Unlike our hmmmm..

He may be as powerful as Mao. 

Let's hope there will be someone who is able to stop him from making the same mistakes as Mao while trying to create the socialistic utopian state of China. 

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