How Communist China Has So Many Billionaires

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Bloomberg Originals

Bloomberg Originals

5 жыл бұрын

By one estimate, China mints a new billionaire every two days, far exceeding the rate of countries like the United States. But how did China remain a nominally Communist state while becoming a hotbed for billionaires-in-the-making? Bloomberg QuickTake explains how capitalist compromises and moves begun decades ago have made China the not-quite-Communist country it is today.
Video by Henry Baker, Graphics by Christian Capestany, Sylvia Yang
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Пікірлер: 712
@axel7114
@axel7114 5 жыл бұрын
because China isn't communist
@axel7114
@axel7114 5 жыл бұрын
@LightNessITA Lol, apologies
@Tech419z
@Tech419z 5 жыл бұрын
keep telling yourself that
@axel7114
@axel7114 5 жыл бұрын
@@Tech419z because China isn't communist
@The_Revolutionist
@The_Revolutionist 5 жыл бұрын
@@axel7114 Of course, China is not communist yet, no country in Mankind's long History ever achieved communism (nor total capitalism), but its ultimate goal remain to achieve communism by the end of the century and I am pretty confident they will succeed where the Soviet Union failed.
@The_Revolutionist
@The_Revolutionist 5 жыл бұрын
@LightNessITA Wtf are you talking about???
@alisardo1119
@alisardo1119 5 жыл бұрын
A new billionaire every 2days is just something unbelievably intriguing.
@karma0253
@karma0253 4 жыл бұрын
The chances are high due to China's population
@linodin0
@linodin0 3 жыл бұрын
China should remove communism if they're not doing it right
@Rolando_Cueva
@Rolando_Cueva 2 жыл бұрын
@@linodin0 Nah, they need an excuse to keep a one party system.
@scrip83
@scrip83 2 жыл бұрын
@@linodin0 They sort of need the communist name as it legitmizes their party and gains support from the people since communism is supposed to be for the people.
@tyleroreilly8195
@tyleroreilly8195 2 жыл бұрын
@@karma0253 the chances are high given complete and total government corruption
@terenceangelo8714
@terenceangelo8714 3 жыл бұрын
You either die a hero, or live long enough to see yourself become the villain.
@vincemarenger7122
@vincemarenger7122 3 жыл бұрын
No doubt, this is the best application of this quote! I'm mind-blown!
@pahakrai5442
@pahakrai5442 5 жыл бұрын
wtf is this video supposed to be
@Mike-oi2th
@Mike-oi2th 5 жыл бұрын
propaganda in its purest form - pst dont tell the dumb kid otherwise, just tell them communist is bad -
@limitless1692
@limitless1692 4 жыл бұрын
Pahak Rai It is made to make people think
@randomeststranger
@randomeststranger 4 жыл бұрын
@Mike Also don't forget to tell them that pure capitalist is bad.
@lp8969
@lp8969 5 жыл бұрын
A few definitions that might be useful for casual viewers : Communism - Stateless, moneyless, classless society - egalitarian and often practicing direct democracy Socialism - An economic system where the mode of production is owned by the public. Public was supposed to mean the workers not the state Authoritarian - Describes a system of relationships between two entities where one has full power or authority over the other. In this case, the state and its peoples. Colonialism - A practice by which the authority of one state extends out to other territories. This can be done militarily or by economic means. So you can see that China is most definitely not Communist - this just comes down to the Chinese government using propaganda to brainwash the masses. You can also see China is not Socialist - because they've instituted a centralized government to be in charge of all modes of production and then the state has chosen to give the mode of production to the capitalists in China and not to the workers. Now you can see why we should be describing China as an authoritarian state which has given the mode of production to the capitalists for their own gain in order to promote security, stability and obedience and future colonialism. You only have to look at how the Chinese are spreading their influence in financial loans in Africa and all over the world to see they're bringing a different style of colonialism. Less bloody for sure but we'll have to wait and see how the next century plays out as the USA begins to crumble and China rises to the top of the world militarily. Its only through the military that the Chinese will be able to enforce their loans to be paid back.
@jacobschimp7939
@jacobschimp7939 4 жыл бұрын
L P omg yess somebody who makes sense. Gosh it’s almost a rollercoaster ride trying to explain what Chinese economics and politics are like to anyone 😭😭
@johnli7818
@johnli7818 4 жыл бұрын
It is true but also not true. You cannot predict future.
@kobemop
@kobemop 3 жыл бұрын
China has a socialist market economy. There has always been wealth inequality in socialist states.
@Republicunt5555
@Republicunt5555 3 жыл бұрын
China is actually a Fascist nation. Fascism is achievable and realistic unlike communism which is just a scam.
@robertevbayekha6639
@robertevbayekha6639 2 жыл бұрын
@@Republicunt5555 nice joke
@TPerm-hj4sf
@TPerm-hj4sf 5 жыл бұрын
Because communism is about turning every citizen into billionaires.
@diogeneslantern18
@diogeneslantern18 5 жыл бұрын
@@Eman1900O he didn't stipulate in which currency ;) (Venezuela/Zimbabwe etc)
@Elimbi1
@Elimbi1 5 жыл бұрын
If every citizen is a billionaire, no one is.
@shreiya
@shreiya 5 жыл бұрын
@bb z they don't have that anymore
@rafaelluna2529
@rafaelluna2529 5 жыл бұрын
Left anti pc If everyone is a billionaire in China it would make the RMB completely worthless and prices would skyrocket
@gamer7916
@gamer7916 5 жыл бұрын
Everyone becomes a billionaire with enough inflation. Zimbabwe's already got trillionaires.
@olzt100
@olzt100 5 жыл бұрын
The real secret that this video avoids is that the government has to show favor to a certain group or set. Thus, the government eliminates competition and promotes those within the favored group.
@jjc4232
@jjc4232 5 жыл бұрын
Is not about communism. It's the Chinese people. The flexibility and willing to give it all for a shot at becoming rich. Most importantly the hunger for getting rich.
@TESkyrimizer
@TESkyrimizer 5 жыл бұрын
Chinese people aren't much different than any other people in terms of material desires. The flexibility you speak of is due to the massive oversupply of unskilled and skilled labor forcing people to work for a pittance unless they have a PhD or a relative with standing in a company.
@ogueyratogeyrat7448
@ogueyratogeyrat7448 4 жыл бұрын
Comunism idea is kill or be kill
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
J JC In short, GREED. Let's call a spade a spade. Jesus said, 'Beware, and be on your guard against every form of greed, for not even when one has an abundance does his life consist of his possessions.'
@commandersykes5392
@commandersykes5392 4 жыл бұрын
China is not the kind of communist country that foreigners imagine(like USSR), in fact it is closer to a one-party authoritarian capitalist country. Of course, the CCP insists that the Soviet system has been obsolete, so it now advocates a new type of socialism. In China, many people say CCP is like a driver who flashed left-turn signal but actually turned right.
@winniethepooh8947
@winniethepooh8947 3 жыл бұрын
Actually china proved that , there is an alternative to democracy
@truthvigilante4263
@truthvigilante4263 Жыл бұрын
Democracy is just an illusion. Should be called demoncracy. It’s all the same. A ruling class is going to do what a ruling class does. Only difference is the wealth gap is just a bit wider in China. However tyranny is tyranny no matter how it’s sugar coated.
@caelin4174
@caelin4174 3 жыл бұрын
China will be an amazing place to be in 50 years, trust me
@acharya8959
@acharya8959 2 жыл бұрын
Implosion of China is the greater possibility in the next 30-40 years.
@MrWill1729
@MrWill1729 2 жыл бұрын
it already is, if you value the freedom to be safe and don't really care about shitting on the government, also the inconvenience of having to use a VPN to go on western social media sites
@hbpu2156
@hbpu2156 5 жыл бұрын
They pay their employees so little while they made an awful lot of profits.....
@cjunde5969
@cjunde5969 5 жыл бұрын
The Communist Party and democracy do not conflict. China is the only example. Obviously, the Chinese have found their own way. In fact, the Communist Party of China is much better than most political parties in Western countries...
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
Cute Animals If you see the CCP as cute and cuddly like kitties and puppies and bunnies, then you are definitely ill-informed or worse. Go to school. Best of all, start reading the Bible. Get some idea of what humans are REALLY like, 'commies' included. For Lenin summarized his morality in this way: 'promises are like pie, made to be broken.' Would you trust a guy like that? Would you trust anyone who follows in his footsteps? (Jeremiah 17:9) 'THE HEART IS MORE DECEITFUL THAN ALL ELSE, AND IS DESPERATELY SICK; WHO CAN UNDERSTAND IT?'
@truthvigilante4263
@truthvigilante4263 Жыл бұрын
It seems to only work well for those who are favored by the communist party. This results in ultimate strive for compliance. What a great system to benefit those at the tip top.
@Hey_puppets
@Hey_puppets Ай бұрын
agree
@SS-te1we
@SS-te1we 4 жыл бұрын
Chinese communism today is totally different from the Communism in USSR. It'a like a, communism mixed with sate-capitalism, pragmatism, governed by one party whose leaders are selected by system of meritocracy. Not the one people one vote ticket type democracy but not autocratic neither. Chines type communism.
@ArcticKomodo
@ArcticKomodo Жыл бұрын
Is this why the soviets distance themselves from China?
@KanishkaWijesekara
@KanishkaWijesekara 5 жыл бұрын
2:16 Madam Gao being appreciated for her work in Hell's Kitchen
@AbbasKhan-ey9kv
@AbbasKhan-ey9kv 4 жыл бұрын
Because Some people are more equal then other.
@lynyoung6071
@lynyoung6071 5 жыл бұрын
China is state capitalism, not communist, with a quasi-East Asia developmental state model, devised by the Japanese. Infant industry protection, especially the Internet Firewall, provided a safe soil for domestic Internet companies to thrive. Look into the areas where most billionaires are created, most of them are in the Internet Industry and the real estate industry, where there the investment-driven policies played a huge effect.
@ormani1489
@ormani1489 5 жыл бұрын
Yep... Many Chinese have their wealth in global Real Estate investments. That's why there are so many AMERICANS finding themselves homeless. The country is being sold out. Americans priced out while buildings/homes sit empty. The tens of thousands of homeless ppl spreading the plague all over the city is amazing. All this taking place while Chinese investors & greedy real estate flakes, count their $$$. All this sh_t is going on while the criminals in DC put on a show of defiance against the American ppl. China controls our internet/big tech. They know our every move. Sad to see all the hooked American cyber junkies. Wonder what's going to happen the day the power gets switched OFF. What a travesty...
@user-fd1ne3jj3r
@user-fd1ne3jj3r Жыл бұрын
@@ormani1489 Yes, it's not because of the greed of American banks that Americans don't have a house to live in, but because Chinese people come to speculate in real estate. China is really powerful, invincible, terrible, isn't it
@gentleman2410
@gentleman2410 4 жыл бұрын
Their market size is huge! In case you haven’t been there.
@BangMaster96
@BangMaster96 3 жыл бұрын
China's government is a one party system country, but, economy is Capitalist. However, most Chinese multi-national companies are Government owned.
@agenthurricane6519
@agenthurricane6519 Жыл бұрын
its socialist bud, even the CCP admits it
@Vic_Trip
@Vic_Trip 5 ай бұрын
​@@agenthurricane6519 They had a celebration of 100 years of COMMUNISM. Nobody follows the communist agenda properly because it was built to fail with human psychology. They still adopt the psy-ops of a communist regime. The system was made to fail. Communism will never prove itself efficient and will always end up with the same results. It is not an economic system, it is a political method.
@fierylilbow7176
@fierylilbow7176 3 жыл бұрын
China is now an open market country striding in progress under CCP, yet people cant seem to understand why CCP is best for China.
@mrbin9257
@mrbin9257 5 жыл бұрын
One party is great but if the Leader is corrupt the whole country down!!
@irenemax3574
@irenemax3574 4 жыл бұрын
Communism in practice is State Capitalism.
@ogueyratogeyrat7448
@ogueyratogeyrat7448 4 жыл бұрын
There no capitalist when u own people work to death
@holonow4298
@holonow4298 3 жыл бұрын
@@ogueyratogeyrat7448 ignorantically capitalism does also led to death due to overwork in countries like in japan.
@carolederent7638
@carolederent7638 Жыл бұрын
@@ogueyratogeyrat7448 Isn't that the same with what capitalist corporations are doing outsourcing their manufacturing to sweat shops in Thailand, Ghana, etc ?
@darkcnotion
@darkcnotion Жыл бұрын
@@carolederent7638 Isn't those manufacturing jobs the only way to survive so their kids can have a better future? The other choice is to starve in your sh** country because of your corrupt or inept government
@wallacepan3897
@wallacepan3897 5 жыл бұрын
My parents told me, once you get rich in China, your money is no longer yours.
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
Wallace Pan It is the case EVERYWHERE, that a man cannot take his wealth with him when he dies. Maybe it is better to give some of it away while still living, if one has more than one needs. Smart donors do not wait for the State to take it away. Jesus said (Luke 16:9): 'And I say to you, make friends for yourselves by means of the wealth of unrighteousness, so that when it fails, they will receive you into the eternal dwellings.'
@CrazyLeiFeng
@CrazyLeiFeng 5 жыл бұрын
Like Japan in late 1980s
@rosesblue1218
@rosesblue1218 5 жыл бұрын
Oh I remember how the westerners hated Japan in the 80s.
@julianronsonchu2521
@julianronsonchu2521 5 жыл бұрын
I think that if a country is apart of communism or its not communism , it doesn't mean that people can't be rich they also have they're life , they can't control them to stop being rich
@FloridaFun10007
@FloridaFun10007 5 жыл бұрын
thanks Carter, much appreciated lol
@ian_z_6571
@ian_z_6571 5 жыл бұрын
我觉得很搞笑的一点在于,外国媒体报道中国的时候特别喜欢加上“共产主义”、“共产党'这些字眼。可能平时在生活中接触这些字眼的机会比较少吧,所以能够制造兴奋点。但事实是,中国人民根本不会过分去关注什么共产主义、什么共产党,实际的中国人民更关注的是怎么才能够获得更好的生活,怎么才能够追到自己想要的幸福。
@kimjongnam1685
@kimjongnam1685 6 ай бұрын
Slaves and owners also did not care about the democracies. If you just want to be selfish like you dont care about people of other countries, so what the differents of yourself and ancien human 😂😂😂😂
@vlado2701
@vlado2701 5 жыл бұрын
...Money doesn't smell... * * * I love little money, but I respect them in the way of decent independence.
@bulletkingaming2808
@bulletkingaming2808 3 жыл бұрын
Wonder how the working class is doing for these billionaires?
@urielm774
@urielm774 2 жыл бұрын
they're basically slaves, don't call them the working class, they earn like $1 per day.
@user-fd1ne3jj3r
@user-fd1ne3jj3r Жыл бұрын
@@urielm774
@tharukajayasinghe7958
@tharukajayasinghe7958 2 жыл бұрын
They call it "socialism with chineese characteristics"..👍
@jamesguo4510
@jamesguo4510 3 жыл бұрын
As a Chinese, I want to say something to Americans. The world is big enough for 2 political systems. We never force you to have ours, please don’t force us to have yours.
@kimjongnam1685
@kimjongnam1685 6 ай бұрын
The world deserve a democracies for all countries, if the world only has Americans and China then Americans will love China as f*ck like Adam loves Eva 😂😂😂
@dh101010
@dh101010 5 жыл бұрын
Confuse the confused..
@romansx9130
@romansx9130 5 жыл бұрын
If the sources just come from your own articles then what's the point of citing them.
@alicec1533
@alicec1533 3 жыл бұрын
Perhaps because China is just authoritarian state capitalism, and not Communist?
@alustin
@alustin 5 жыл бұрын
Whats the difference between 1 party dictator and 2 party dictator? 1 party dictator dont waste time arguing and actually get the job done.
@KalanYore
@KalanYore 5 жыл бұрын
FYI China's government is not "Communist" even though there is the PRC/CPC government as their government over the past five years consists of both Democracy, Socialism, and Chinese Characters [ Chinese Philosophy ]... PRC is a One-party coalition to CPC; basically two entities intertwine to function as One-party state. President Xi expressed that neither Democracy or Socialism succeeds as they are failures unto themselves but together you have a functioning government and that multi-parties have their own agendas that conflicts each other that interferes with governance... China is a Moderate type government that has been opening up to the world and of reforms that started over 40 years ago...
@Averagebum21
@Averagebum21 5 жыл бұрын
John Baldwin A one party system that chooses and appoints its own leaders is not a democracy, nor can it function like one no matter how much it may claim to incorporate democracy. Democracy is the exact opposite of such a system.
@HuaRongrong
@HuaRongrong 4 жыл бұрын
The Chinese government has perfected Marxism with an open and modest attitude. I have deep feelings about this. I think China will tell the world what is real communism.
@brianlaudrupchannel
@brianlaudrupchannel Жыл бұрын
Nothing to do with Marxism
@JohnRollercoasterJr
@JohnRollercoasterJr Жыл бұрын
@@brianlaudrupchannel literally lol
@FullmetalAnime1000
@FullmetalAnime1000 3 жыл бұрын
I assume because they have well over a billion people within the country.
@weimondo
@weimondo 5 жыл бұрын
because: corruption + monopoly
@ogueyratogeyrat7448
@ogueyratogeyrat7448 4 жыл бұрын
Ya chinese gov is horrible
@jasonh.9179
@jasonh.9179 5 жыл бұрын
Hi Bloomberg, have you found the spy chips in the Chinese made motherboards.
@robertschlesinger1342
@robertschlesinger1342 5 жыл бұрын
Excellent video. I follow the Asian art market and was surprised to see a Tibetan bronze recently sell at auction to a wealthy Chinese businessman for $22 million. This is but one example of China's growing affluence.
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
Robert Schlesinger What a useless expenditure. And probably a piece of 'religious' art. Better melted down and turned into copper wire or something else of practical use. (Mark 8:36) 'For what does it profit a man to gain the whole world, and forfeit his soul?' (Luke 12:15) '.......for not even when one has an abundance does his life consist of his possessions.'
@yadoliu
@yadoliu 5 жыл бұрын
Because we are not communist,We are socialism.
@masterstepz9800
@masterstepz9800 4 жыл бұрын
This is clearly capitslist
@snowingting7901
@snowingting7901 4 жыл бұрын
市场经济大环境,要么妥协,要么完蛋,没办法的举措,但只要以民为本的思想没有变,共产主义的初心还是在的。
@warriornorman4026
@warriornorman4026 3 жыл бұрын
How does it feel living under communist must be terrible so bad for you honestly
@hanaqaqyan3747
@hanaqaqyan3747 4 жыл бұрын
Because of the government support and policy
@armanke13
@armanke13 5 жыл бұрын
I got ad from Standard Chartered promoting OBOR, 😅
@Nitinsinghsiwan
@Nitinsinghsiwan 5 жыл бұрын
I thought jack will explain this.
@tangtang5577
@tangtang5577 3 жыл бұрын
It's "special"socalist.
@nvxrlive
@nvxrlive 3 жыл бұрын
mainly because they are a hybrid of a communism and socialism country
@weihan5366
@weihan5366 3 жыл бұрын
Because it’s not communist. It’s state capitalist.
@Rapture77
@Rapture77 5 жыл бұрын
Question still remains remains unanswered with that provocative headline.
@aa-sv9pl
@aa-sv9pl 4 жыл бұрын
China is a false communism,The exact name is bureaucratic capitalism or state capitalism,Chairman Mao called revisionism. In 2001, President Jiang Zemin allowed capitalists to join the Chinese Communist Party.
@alexy5447
@alexy5447 3 жыл бұрын
To be precise, it’s state capitalism!
@jacobblack6707
@jacobblack6707 5 жыл бұрын
What wrong with not being poor money is freedom!
@worldthe9681
@worldthe9681 5 жыл бұрын
Exactly China is not a communist country yet. If China is not a one -party policy country, China never become a communist country.
@muaddib7685
@muaddib7685 5 жыл бұрын
Ruling CLASS from a country who claimed to eliminate the classes
@NextFuckingLevel
@NextFuckingLevel 5 жыл бұрын
Not eliminate but lifting poor to middle, even to rich class (if you obedient to party rules)
@muaddib7685
@muaddib7685 5 жыл бұрын
@@NextFuckingLevel Population income per capita show lifting super poor to just poor. And then party class connections afforded super rich from middle class.
@NextFuckingLevel
@NextFuckingLevel 5 жыл бұрын
@@muaddib7685 can i ask your source. maybe i need more literature to know well
@jamesoxford4260
@jamesoxford4260 5 жыл бұрын
its corporate fascism.
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
James Oxford Yes, or very close to it. The question is, are labor unions merged with State bureaucracy in some kind of formal relationship? Also I would mention that the PRC's racist and imperialist policies conform quite well to the model of fascism. Look at what they are doing to ethnic Uighurs in Xinjiang. I consider that the attack on religion there (islam in that case) is secondary to the attempted cultural genocide. If Uighurs were not muslim, the Chinese would still find ways to undermine their separateness and integrity as a people. Or so I think. Racial hierarchy is not foreign to Chinese minds, apparently. But it should be. The Bible asserts, and modern science tends to confirm, that ALL humans share descent from common ancestors. Therefore we are all biological brothers and sisters, though not spiritually so. Racial or ethnic discrimination is not only nasty but downright stupid. (Acts 17:26) '....and He made from one [one man, one blood] every nation of mankind to live on all the face of the earth, having determined appointed times and the boundaries of their habitation.........'
@eriksantoso1741
@eriksantoso1741 3 жыл бұрын
Usa also corporate fascism and tyrants Moron!!!!!
@noelipagtanung9730
@noelipagtanung9730 4 жыл бұрын
kasi magaling sila mandaya at marami silang alam na kalokohan...
@kunli1975
@kunli1975 4 жыл бұрын
It is a Shame of my country.
@HarperSanchez
@HarperSanchez 4 жыл бұрын
They’re also undeniably evil, as an aside.
@nothing9220
@nothing9220 4 жыл бұрын
How
@ogueyratogeyrat7448
@ogueyratogeyrat7448 4 жыл бұрын
Well kill anything that against them , that the way of comunist dog
@nothing9220
@nothing9220 4 жыл бұрын
@@ogueyratogeyrat7448 same thing happens in democracy... Politicians do unfair thing to get in power
@jesusislordsavior6343
@jesusislordsavior6343 4 жыл бұрын
Harper Sanchez Not just as an aside, but front and centre. Mass murder under Mao (60 millions perhaps). Mandated abortions under the one-child policy (perhaps over 300 million). Gross exploitation of workers (a little ironical for 'communists'). Cultural genocide (see present-day detainment camps for ethnic Uighurs). Persecution and close surveillance of Christians. Ideological brainwashing. Strong support for the vicious and brutal North Korean regime. Enough said? You were right, and how.
@klipklapklop3359
@klipklapklop3359 4 жыл бұрын
Communist on the outside but capitalist on the inside
@pageanttalks6918
@pageanttalks6918 4 жыл бұрын
They also have a human organ transplantation
@ogueyratogeyrat7448
@ogueyratogeyrat7448 4 жыл бұрын
Aka kidnap and kill
@colinb8439
@colinb8439 3 жыл бұрын
I managed to learn more from the comments about the question in the title than the actual video.
@randomlyrelatable1372
@randomlyrelatable1372 3 жыл бұрын
If you have a great project . Chinese market is f**** huge
@samdorthy4058
@samdorthy4058 5 жыл бұрын
Equality for all. What the detaining of millions of muslims in camps and torturing them ?
@user-rp9tk8sz9r
@user-rp9tk8sz9r 5 жыл бұрын
people rich, u dont like it, people poor,u dont like it either. So just do what should do.
@krissianvictir1291
@krissianvictir1291 3 жыл бұрын
Their society is capitalist but their government is communist. Meaning that, the Chinese people are allowed to go on capitalistic endeavors but if their government even FEELS that a certain person is getting too rich/influential, they'll disappear and their assets distributed amongst government officials. Reminder, not the people, but the government officials.
@user-fd1ne3jj3r
@user-fd1ne3jj3r Жыл бұрын
What a fool! Is your plan feasible? Just like elementary school essays
@user-sg2du6wr4v
@user-sg2du6wr4v 3 жыл бұрын
so who defines that comminisim means poor?
@karanchandra2491
@karanchandra2491 5 жыл бұрын
Nobody is talking about chinas will to export more and import less.
@ormani1489
@ormani1489 5 жыл бұрын
That has always been China's modus operandi.
@gm-fw9de
@gm-fw9de 4 жыл бұрын
China is a communist country, It's also a peace loving country. Our state has goodwill for all countries except Japan.
@jaythrash8804
@jaythrash8804 4 жыл бұрын
Why do you hate Japan? Because they pay their workers a liveable wage?
@groovydon
@groovydon 4 жыл бұрын
You have to kneel and kiss the ring.
@Rodruiz117
@Rodruiz117 5 жыл бұрын
0:08 el buen Peña
@williammorales6142
@williammorales6142 5 жыл бұрын
Could Jack Ma be part of a corporate espionage operation?
@user-fd1ne3jj3r
@user-fd1ne3jj3r Жыл бұрын
After all, you can only choose to be a rich person or an official. If you want to be both, people on both sides will be hostile to you, because you have formed an Unfair competition advantage over people on both sides
@user-nf4io9rl1h
@user-nf4io9rl1h 3 жыл бұрын
Becsuse China is market economy
@haise4516
@haise4516 2 жыл бұрын
china is not communist they just say they are a lot of countries do this.
@VeryProPlayerYesSir1122
@VeryProPlayerYesSir1122 4 жыл бұрын
Animal Farm in a nutshell.
@brianlaudrupchannel
@brianlaudrupchannel Жыл бұрын
Because China isn't communist
@user-fd1ne3jj3r
@user-fd1ne3jj3r Жыл бұрын
It's really strange, how many seconds does it take to Google this question? Anarchism is totally different from communism. Is it really so attractive to escape from the real world?
@Chimpbot-zl1ck
@Chimpbot-zl1ck 3 жыл бұрын
Communism and billionaires cancel each other out
@alvin3758
@alvin3758 3 жыл бұрын
because it actually is not a communist, but rather a socialist although they share some common thing
@georgeflori7117
@georgeflori7117 5 жыл бұрын
poverty is not Communist - said by deng xiaoping
@emotube14
@emotube14 Ай бұрын
Karl Marx never spoke of Equality, actually he & Engels criticized Equality, check his critique of the Gotha Program... This is the difference between utopian socialism & Scientific Socialism or Marxism... All is required is equal opportunities + Not to reproduce unequality over & over again
@alphaomega154
@alphaomega154 5 жыл бұрын
china should regulate those billionaires. Because they aren't really helping the remaining billion of people. those billionaires didn't really contribute to the people there. when there are over a billion people need to live there and some billionaires emerges making money circulations more DIFFICULT. because they are HOARDING THEM. TAX THEM. VERY HIGH.
@shauncameron8390
@shauncameron8390 4 жыл бұрын
How? China itself is a billionaire.
@somestranger2524
@somestranger2524 3 жыл бұрын
sell a piece of $1 bread each to more than 1billion households. how much do you think one make in a month? 😁
@Seanpeng
@Seanpeng 5 жыл бұрын
China is capitalism.
@phd3705
@phd3705 4 жыл бұрын
prescisely state capitalism
@kaz7378
@kaz7378 3 жыл бұрын
China is fake communism
@howiecheng6375
@howiecheng6375 5 жыл бұрын
Because its not communism,
@Bucketandamop1
@Bucketandamop1 5 жыл бұрын
Just declare your allegiance to the CCP and you will be rewarded
@harshhgupta7209
@harshhgupta7209 5 жыл бұрын
How is this video Anti China??????
@WPhhh
@WPhhh 5 жыл бұрын
After watching this video I still don't know why...... what is this video talking about?
@aa-sv9pl
@aa-sv9pl 4 жыл бұрын
China is a false communism,The exact name is bureaucratic capitalism or state capitalism,Chairman Mao called revisionism. In 2001, President Jiang Zemin allowed capitalists to join the Chinese Communist Party.
@chrisbacos
@chrisbacos 5 жыл бұрын
Maybe I should study Mandarin. $$$$$$$$$$
@isabelleyang5103
@isabelleyang5103 5 жыл бұрын
chrisbacos yes you should
@heavenlyblue
@heavenlyblue 5 жыл бұрын
I am curious what socialists like Bernie Sanders thinks about China? As a conservative, I am confused about China. I see the economic success as China will probably pass the USA at some point economically, but how does a socialist/communism state be so successful economically, with what is a bad political structure (that being socialism/communism)?
@possiblyadickhead6653
@possiblyadickhead6653 5 жыл бұрын
Well maybe it's because dictatorship works well to a degree for short term growth as you can easily guide the developement of your economy for long term goals. However you may run in to problems down the road when you can't give your citizens more wealth and they now start want to have more freedom,etc
@The_Revolutionist
@The_Revolutionist 5 жыл бұрын
@@possiblyadickhead6653 You can always give your people more wealth, it's only a matter of political will.
@tomte47
@tomte47 5 жыл бұрын
There economy is nothing like the old planned economy of the Soviet Union. Just because they keep calling themselves the communist party doesent mean they are that. If you combine a capitalist economy with the long term planing with no opposition that comes from being a dictatorship you get china today. Also the top members of the CCP are almost all Engineers, we in the west typicly elect people with a social or law background, not saying thats all bad but the Enginners sure are gonna get the infrastructure projects done.
@WengMarco
@WengMarco 5 жыл бұрын
tomte47 you are FCKING Smart !!! You are right
@nlmw
@nlmw 5 жыл бұрын
Because China is neither capitalism nor socialism. But it's both. It combines capitalism with socialism and the traditional Chinese system of meritocracy. This system, which has never appeared on earth before, has been so successful in China that they have given it the name "socialism with Chinese characteristics".An American who has lived in China for 40 years has said that one of the most important reasons for China's success is that they never blindly listen to the west. The western system was designed two hundred years ago and is not suitable for modern China. It will only make China divided, confused and weak. Just like any other developing country. And the system has a very poor capacity for self-correction. Now you can see why the west keeps demonizing China but its people still support the system. Because it's the only system that can lift 800 million people out of poverty in 40 years and put more than 300 million into a middle-class life. I am Chinese, the comments above are done by translation software, hope you can understand
@antivaxxtothemaxx2335
@antivaxxtothemaxx2335 2 жыл бұрын
Simple. They are all state funded and approved. This isnt hard, in a communist society there is only very rich and very poor.... the fact that people dont understand this is baffling to me.
@angkortour1678
@angkortour1678 5 жыл бұрын
Jack is my Idol, I learn a lot from him. From Cambodia
@twenlil
@twenlil 5 жыл бұрын
China got stuck with the label Communist just like KFC got stuck with "fried chicken".
@adz723
@adz723 5 жыл бұрын
It’s not a communist it’s a capitalist or a combination of both🤔🤔🤔
@Strafer66
@Strafer66 5 жыл бұрын
not explaining what you said you would in the title
@okike.4573
@okike.4573 3 жыл бұрын
Share it
@No-xw7mo
@No-xw7mo 3 жыл бұрын
Not as much now.
@xxvxxv5588
@xxvxxv5588 3 жыл бұрын
Virgin maoist communism vs Chad modern-day chinese state capitalism
@Richard-nl3bt
@Richard-nl3bt 4 жыл бұрын
China isn’t actually communism at all it has freedom
@peterkimani7669
@peterkimani7669 5 жыл бұрын
It’s because they are hardworking and united!!!
@lucky70575
@lucky70575 4 жыл бұрын
@Cou nou they has freedom just can't vote the fake president
@lmlmlmz
@lmlmlmz 5 жыл бұрын
it's in the blood. everywhere around the world most chinese try to sell u something. they trade.
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