Public outrage is mounting in China over allegations that a major state-owned food company has been cutting costs by using the same tankers to carry fuel and cooking oil – without cleaning them in between.
Public outrage is mounting in China over allegations that a major state-owned food company has been cutting costs by using the same tankers to carry fuel and cooking oil – without cleaning them in between.
The scandal, which implicates China’s largest grain storage and transport company Sinograin, and private conglomerate Hopefull Grain and Oil Group, has raised concerns of food contamination in a country rocked in recent decades by a string of food and drug safety scares – and evoked harsh criticism from Chinese state media.
It was an “open secret” in the transport industry that the tankers were doing double duty, according to a report in the state-linked outlet Beijing News last week, which alleged that trucks carrying certain fuel or chemical liquids were also used to transport edible liquids such as cooking oil, syrup and soybean oil, without proper cleaning procedures.
In other words, you can't quote the relevant passage where an ever-increasing number of billionaires who control the means of production is a feature of communism.
The accumulation of labor power through central management of the capital stock isn't something you're going to understand or accept as a single sentence.
You want this to be like the Bible, where you can just quote John 3:16 and nod sagely, as though it should be revealed wisdom.
But the material is more complex than a bronze age scripture verse.
That said, capital accommodation is one stage of economic development. This is the chapter which covers the process of economic development. At some point, you do need a handful of central administrators to oversee productive use of capital. And these administrators will become rich as a result.
Marxism doesn't refute this process, it leverages the process towards Socialist accumulation.
I'm pretty sure, based on the Marx I have read, that a pillar of Marxism and communism is that the workers control the means of production, but you have taught me that what is meant by "the workers control the means of production" is "one multibillionaire controls the means of production for tens of thousands of workers." So thank you, I had no idea that all this time, the U.S. was a communist country too.
He doesn’t control it. He administers it on behalf of the workers’ state.
Now that's just nonsense:
Zhong Shanshan (Chinese: 钟睒睒; pinyin: Zhōng Shǎnshǎn, born 1954) is a Chinese entrepreneur.
He is the founder and chairperson of the Nongfu Spring beverage company and the majority owner of Beijing Wantai Biological Pharmacy Enterprise.[1]
As of 2022, he was ranked the wealthiest person in China, garnering a net worth of $62.3 billion.[2][3] His source of wealth is derived mainly from his business stakes and interests in the Chinese beverage and pharmaceutical industries.[4]
Entrepreneurship and buying and selling stocks, publicly traded companies... Things China didn't have for decades back when it was apparently less communist (who knew Mao was so non-communist), but which the U.S. also has now.
Once again, sure sounds like the U.S. is just as communist as China.
But hey, I'm sure the fewer than 300 billionaires in China with their over $4 trillion in wealth back in 2020 have distributed it all to the workers now, right?
I've read Capital and the Communist Manifesto, which is why I know that billionaires who hoard money and own controlling interests in publicly traded corporations is a feature of capitalism, and also why I know that China didn't used to have such things.
But to hear you and others tell it, China was more capitalist under Mao than it is today.
Then you should already be familiar with ficticious capital and know better than to claim someone "earned $5B" in the middle of a speculative asset bubble.
I know that billionaires who hoard money and own controlling interests in publicly traded corporations
Neither Nongfu Spring beverage company nor Beijing Wantai Biological Pharmacy Enterprise are SOEs. Which Chinese billionaire owns a controlling interest in a Chinese SOE?
a communist country is one where there are non-state owned enterprises
Again, I implore you to actually read Marx. "Communism is when nobody owns a toothbrush" is just neoconservative propaganda. This isn't what any AES state practices, much less what the more academic types believe.
Generating capital is definitely a feature of communism as long as it’s fictitious capital.
Nothing precludes you from generating ficticious capital in a communist system. Marxists simply recognize it as such, rather than deluding themselves into believing material value has been created when speculative asset prices rise.