China is still a Communist run country. Will it be compelled to crack down on capitalism in its borders? Around 50 or so years ago there was a revolution against capitalism and now it seems to be all the rave. What gives?

China is still a Communist run country. Will it be compelled to crack down on capitalism in its borders? Around 50 or so years ago there was a revolution against capitalism and now it seems to be all the rave. What gives?


The modern communist party in China is no longer defined by being anti-capitalist. They have three goals, as near as I can tell: (i) maintaining their power, (ii) personal enrichment and (iii) helping the people. Capitalism is better for both goals (ii) and (iii), so it's been allowed to expand. So long as it doesn't start encroaching on (i), there's not much reason for China to start "cracking down."

Their maintaining personal power still has some anti-capitalist consequences (like the limitations of the market for information services in China), but the only way I see them scaling back is if there is some sort of rebellion, and the roots of it are somehow attributed to capitalism.

China is still a Communist run country. Will it be compelled to crack down on capitalism in its borders? Around 50 or so years ago there was a revolution against capitalism and now it seems to be all the rave. What gives?

Communism don't work, never has worked, anywhere on the globe, so why should they continue to try?

Capitalism works, and it's global now, and there's nothing that China or anyone else can do about it.

China is just smart enough to let capitalism work without acknowledging it openly. But pretty soon, they'll be forced to accept it, somehow, into what they want to call "communism".

Baron Max