I’m still baffled with how China’s economic system works.
Yes. Land is always owned by the state and only up for lease. Other types of capital can be owned by individuals or groups. There are private companies, factories owned by individuals etc.
Oh so basically at the end of the day the foreign capitalists can set factories there but the state still owns the land?
Yes, however this is true for a lot of countries besides China. Most factories, headquarters, and office buildings are leased out for X amount of years so that the company can get a return on their investment from building the building. Then the host country gets a free factory when the lease is up if it is not renewed.
Noted
My understanding is that in the special economic zones that were established by deng people are allowed to lease land from the government cheaply and have private factories on that land, and in those areas China’s basically capitalist, but governed by a dictatorship of the proletariat, in the rest of the country property is either owned by the government or in collectives.
and in those areas China’s basically capitalist, but governed by a dictatorship of the proletariat
How is the will of the proletariat excercised? If there are areas where private property is permitted, there are bound to be bourgeousie there - local perhaps, but still capitalist. And they are no doubt working towards their class interests and against the proletariat. And are likely enjoying the support of international capital. So how does CPC (which as I understand is meant to be acting on behlf of the proletariat, as described by Marx) maintain class interests of the proletariat?
There are bourgeoisie in China, by design. China has an explicit collaboration strategy that embraces the existence of a bourgeoisie as historically necessary to the development of society, but as a concession afforded to the bourgeoisie by the proletariat. The proletariat control the super structure that allows the bourgeoisie to exist, uses the individual owner’s self interest to manage them against their class interest, polices them and their behaviors, and controls who gets in.
