this post was submitted on 31 Jan 2025
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Tank engine (lemmy.ml)
submitted 1 day ago by [email protected] to c/[email protected]
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[–] [email protected] 11 points 22 hours ago

Reason: "state capitalist"

Hence my reply:

Because the Chinese state has fiat monetary sovereignty, it doesn’t function in the capitalist mode. It has no need to make a profit because it has infinite money[1]. It doesn’t need to extract surplus value from workers to satisfy investors, and it doesn’t even need to break even. The logic of capitalism doesn’t apply.

Ultras fear the scroll.