this post was submitted on 28 Mar 2025
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Socialism

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What are the differences between US and Chinese democracy? (peoplesdispatch.org)
submitted 4 days ago by [email protected] to c/[email protected]
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[–] [email protected] -2 points 4 days ago* (last edited 4 days ago) (2 children)

https://ssi.armywarcollege.edu/SSI-Media/Recent-Publications/Article/3938204/china-in-the-democratic-republic-of-the-congo-a-new-dynamic-in-critical-mineral/#%3A%7E%3Atext=The+DRC+produces+80+percent%2Cpercent+of+the+total+output.

https://source.benchmarkminerals.com/article/how-much-cobalt-production-is-owned-by-chinese-companies

https://theconversation.com/drc-is-the-worlds-largest-producer-of-cobalt-how-control-by-local-elites-can-shape-the-global-battery-industry-236205

https://www.visualcapitalist.com/chinas-cobalt-supply-dominance-by-2030/

Okay I misread about the 80% figure. It's more about 50%. They just control 80% of the output through majority stakes.

But Chinese companies are going after all the cobalt in the world. It's their industry that they want to shine in.

"Singapore does it", my boss worked there and told me this week multiple times that Singaporeans are the most selfish ego centered people he has ever met. My wife grew up in Bintan, and she agrees. They are basically the Americans of south east Asia.

The subsidies are trickle down economics, heavily criticised by socialists.

Although income inequality is dropping in china. 0,35 Gini. In USA it's 0,41. But here in the EU, it's 0,29.

And where I live, it's 0,26.

We're still the most socialist.

[–] [email protected] 7 points 4 days ago* (last edited 4 days ago) (1 children)

Okay I misread about the 80% figure. It’s more about 50%.

Be careful next time

It’s their industry that they want to shine in.

That is normal. USA does it too, don't you think?

“Singapore does it”, my boss worked there and told me this week multiple times that Singaporeans are the most selfish ego centered people he has ever met. My wife grew up in Bintan, and she agrees. They are basically the Americans of south east Asia.

Why are you talking about your boss and your wife? We're talking about Singapore which also heavily control their population

The subsidies are trickle down economics, heavily criticised by socialists.

Source?

Although income inequality is dropping in china. 0,35 Gini. In USA it’s 0,41. But here in the EU, it’s 0,29.

We’re still the most socialist.

Socialism is more than income

And thanks for links

[–] [email protected] 2 points 3 days ago

Socialism is not "lower Gini coefficient." Socialism is a Mode of Production chategorized by public ownership being the principle aspect of the economy, unike Capitalism where the reverse is true. Large firms and key industries are firmly publicly owned in China, while the private sector covers small industry and self-proprietors. Key industries, like steel and banking, are near entirely state owned. In Belgium, this is not the case, in fact it's quite the opposite.

This is why China is developing and improving key metrics at a much faster rate than dying western Capitalist countries. Adopting a Marxist understanding of economics allows better analysis of how to improve economies and use that for the benefit of all.