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I love this article while also finding it frustrating. The author seems to be a Marxist-Leninist-Maoist, but also goes into detail about how all the ML states have devolved into capitalism. Maybe that should be taken as evidence that ML's vanguard party is a fatally flawed concept?
Maoists are ultraleftists, they generally deviate from Marxism to an idealist, rather than a materialist degree. I recommend checking out my comment responding to them.
The Vanguard concept isn't flawed, it has real basis in materialist understanding. The idea that AES states have "devolved into Capitalism" is wrong as well (except the USSR into the various post-Socialist states). I recommend reading both Why do Marxists Fail to Bring the "Worker's Paradise?" as well as Socialism Developed China, Not Capitalism. The Dengist reforms were a reversion back towards Marxism, Mao had tried to achieve Communism through fiat without enough development of the productive forces and as such there were struggles and recessions.
Public Ownership and Central Planning works best on monopolist syndicates aquired by the State, that's the entire reason why Marxists say Capitalism creates Socialism and that the bourgeoisie produces its own gravediggers first and foremost, this monopolization into internally planned syndicates makes Socialism a natural evolution on Capitalism, not a "better society" to force into existence.
TIL a country with 814 billionaires isn't capitalist.
Bruh, it's a losing battle in here. I got downvoted to hell for saying the same thing.
Because the PRC is Socialist, and following Marxism.
It has a Socialist Market Economy. Marx and Engels repeatedly stated that Private Property cannot be abolished all at once in lower-stage Communism (which modern Marxists call Socialism). The economy of China is over 50% publicly owned and centrally planned, and there is a cooperative sector as well, meaning the Private Sector is a minority. On top of this, the Private Sector is still centrally planned.
The PRC employs a "birdcage model," where competition in the markets eventually leads to monopolization into large syndicates, which the CPC then folds into the public sector steadily as it increases control by degree.
This is exactly why I linked you the article Socialism Developed China, Not Capitalism. If you aren't going to read Marx and Engels, and you aren't going to study Historical Materialism, surely you can read a 20 minute article, right?
I'll leave you with an excerpt from The Principles of Communism:
I bolded the section where Mao made an error in judgement and socialized the economy dramatically before the productive forces were developed enough.