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Joined 1 year ago
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Cake day: June 8th, 2023

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  • For my city, just for a very specific example, it takes less than one afternoon and 80 bucks total (no fees and almost no capital fund requirements) to open a corporation. It takes weeks if not months to open a coop and it costs 2500 bucks PER member.

    I don’t know the specifics of all cities and states everywhere in the world. But the system is built to benefit private corporations much more, as it’s a capitalist system where owning capital equals power, and workers are a commodity.


  • Like the literal law. In most places it’s a much more involved and expensive process to even open a coop compared to a traditional private company. It takes more paperwork, more fees, more capital funds etc. Also, getting investors in (when they can’t own the coop, as they are not workers) or even loans from private or state banks/institutions is much harder. There are several programs incentivising people to open private companies, giving them tax credits, making the application and approval process easier, giving access to funds and education etc. How many there are for coops? In most places around the world there are 0. In what ways does it appear the opposite to you…? Like this all seems very self-evident to me.






  • What is your definition of working? I’d say communist revolutions have indeed worked. I base that on data, facts and the material conditions of places that had a revolution compared to countries in similar economic and geopolitical situations.

    Cuba is doing much better than most Latin American countries. In most areas it’s doing MUCH better.

    China is doing infinitely better than any other comparable country, like India. It’s not even a comparison.

    The USSR was also doing much better than any country in a comparable situation when it did exist.

    How did these revolutions “not work”?


  • Post-WW2 the US became the Empire and that’s where the wealth came from. It was the only industrial superpower in the west, and basically colonised Europe, the Americas, a good portion of Asia etc.

    China isn’t becoming the superpower it is by having manufacturing. It’s part of it, but the amount of public investment there is insane and incomparable. They build hundreds of kilometres of metro every year, hundreds of kilometres of rail etc. they invest in nascent industries. And it’s pretty silly to say they “privatised” anything. The CPC completely controls all capital markets in China. Even if one part of an industry or another is “private”, it still answers to the CPC first and foremost. Like China has better access and cheaper healthcare than the US nowadays.

    And Deng’s reforms were necessary, but that doesn’t mean he didn’t make any mistakes… Cuba has one of the best healthcare systems in the world and it never privatised their system.






  • novibe@lemmy.mltoA Boring Dystopia@lemmy.worldthink of the shareholders
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    10 months ago

    They already resolved the real estate issue, without any crisis. And you might not know cause this isn’t news in the US, but China has been massively offloading all its US debt and dollar reserves. They are preparing to decouple, the US has been threatening to do it for so long. But the fact is, the US and the West will suffer much more than China. They are pivoting to a service and tech economy, and will become the new US of a new “global south” pole.

    The image that China is a “manufacturing” hub for the west is super outdated.