When Chairman Mao died in 1976, he left China in chaos and poverty. He was succeeded by Deng Xiaoping, who overturned Maoism and taught the Chinese to love capitalism, creating special investment zones for the West. But Deng’s crash course in capitalism went wrong when inflation grew and workers lost jobs. By 1989, China faced disaster. Now, 20 years after the tragic events in Tiananmen Square in Beijing, this programme reveals an interpretation of the motives of the demonstrators that may well overturn the conventional view in the West. The demonstrators did not begin by demanding democracy. Corruption, inflation and the hardship caused by economic reforms drove students and workers to confront the government and the army. Students went on hunger strike, and troops killed more than 2000. Deng Xiaoping gave the order to fire, but his ideas prevailed. This film argues that Deng’s capitalist revolution created today’s China. download full video here [about 800MB better quality]: www.megaupload.com
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@soc1paambtomaquet
capitalism is an economic system, it can coexist with basically any form of government. Communism is not simply an economic system, it is a political and social system and in order to be implemented it must control every aspect of people’s lives by force. Nearly 60 million people died when Mao Tse-Tung was in power; it was Deng Xiaoping, the “capitalist roader”, who ended the “permanent revolution” and installed capitalism- in the process ending the worst atrocities
Chinese is demacratic too, it is just not like western style demacrocy, our demacrocy is that we have election in only one party, and the drawback of two party is too much fight and transaction cost including the timing, one party is easy to resolve problem and get problem done efficiently.but we don’t want a lot of state-owned company.
@soc1paambtomaquet I have been to China, the people’s lives are really getting better and better. Sure, there are people who grumble about CCP, but overall, the mood is optimistic and positive.
@soc1paambtomaquet
Also, you didn’t comment at all on the democratic and freedom progress that China has made during the last 10 years.
I am not saying that they are free as a western country. Not at all. But you can clearly see that they are becoming more free and more democratic if you read about how their political system have changed and how the state is giving away more and more control to the people. Do you want me to find some literature for you???
@soc1paambtomaquet
No, capitalism is about ALWAYS getting the consumer what he or she wants because otherwise….you won’t make a profit
So even though let’s say McDonalds is a big company, the decision of what McDonalds sells lies in the hands of the consumer. That’s why McDonalds have “halal” in arab countries and they have a big healthy option in countries like Norway because that is what the consumer want!
So in effect Capitalism means MORE freedom for the consumer i.e, the people!
@Salladsdressing capitalism makes 1% of society free, and everyone else is a slave with the ‘freedom’ to chose their masters, kept in the illusion of freedom with cheap unnecessary commodities and property, chained down by debts and wage slavery.Capitalism has nothing to do with freedom, but it sure has made for some good propaganda.
@michaelwuzthere
You are forgetting one thing. Capitalism makes a society more free and no society that has embraced a free market system have stayed authoritarian for long.
@soc1paambtomaquet
You are wrong here. No society that have embraced capitalism had managed to stay authoritarian.
I have studied the Chinese economy and political system and it is the exact same thing happening in China. They are becoming more and more democratic.
First of all, the state have privatized most industries and the latest years they even privatized most of the big media companies. Also they have begun to have ELECTIONS on local and regional level in china. READ UP!
China proves that capitalism is not about democracy or liberty is about profits. China is the future more capitalism less justice.
they have capitalism and total statism.. they should have gotten the opposite: democratic decentralised localised socialism. history goes on..
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wow i thought i was the only one watching this. to think that the last comment was just 3h ago. LOL
@IrishLibertyLover “You’re really not even worth replying to.”
i understand. it is tough debating against facts.
@kajmobile You’re really not even worth replying to.
@IrishLibertyLover investors will make good investments so they can keep their job as investors.
entrepreneurs will continue to develop new ideas because they want to earn $127k and they would rather earn that money developing their own idea than doing some other job.
the best way to pay people is to pay them well and to pay them a flat salary. watch?v=rrkrvAUbU9Y
paying everyone $127k accomplishes that
@kajmobile What incentive is there for someone to become a skilled investor in your society? What incentive is there for them to make good investments? Entrepreneurs come up with new ideas because they enjoy making money, not because they enjoy coming up with them.
@Lonedracowolf28 y wont we invest in technology!?! r u really that deluded by those crackpot austrians with their pseudoscience that u think only private investors can figure out breaking windows so we can fix them is a bad investment?
allocation of investment funds will be done by skilled investment bankers not by democratic vote
and there will in fact be entrepreneurs who will submit their proposals to them because that is what they enjoy doing: launching new ideas, not sweeping floors
@kajmobile
We may begin this again tomorrow. I’m putting this down for the night. Just leaving you with one thing regarding investment:
How can we invest in technology? Obviously there won’t be entrepreneurship, since there’s no incentive. And since when is the majority good at investing? Even if it is for a democratic partnership, google and examine this: Broken window fallacy
@Lonedracowolf28 yes, the middle class, who hasnt seen a pay increase in real terms in 30 years really benefits from this system. all our increase in gdp since late 80s has gone to the wealthiest 10%
the $127k is pretax income. if the govt stayed at the level it is now, federal and state would consume 20% of that income thru income taxes, sales taxes, property taxes, tariffs and fees
@kajmobile
It’s not JUST for the good of the rich. I am arguing for the good of the middle class + rich.
Can’t even properly quote here, I hate this comment system.
Continuing from investment:
Please, give me a detailed account of all the expenses of this government, the GDP of the nation, and the percent taxed.
@Lonedracowolf28 people r forced to live with this economic system where the average worker makes $33k which is 75% less than the $127k they would make in a democratic system.
and the rich people who take all this extra income so they can live incredibly extravagant and powerful lives have convinced gullible people such as yourself that it is for ur own good.
@Lonedracowolf28 “That is Social Darwinism. Survival of the fittest. In my mind, it is fair.”
and also incredibly cruel.
so not only would stalin be a fan of your ideas, hitler would too
u have a sick and twisted worldview
@kajmobile
Touche.
@kajmobile
Who said I was forcing anyone? Investment is an option, it always has been.
@Lonedracowolf28 ur math is wrong.
gdp is $14.9 trillion minus $1.8 trillion in investment leaves $13.1 trillion in total consumption income.
divide that by the 100 million full time workers plus the 35 million part time workers and you get $127k per full time worker