/biz/ - Business & Finance

>>13485218
>Mao was explicitly anti-capitalist.

Lol, and i'm explicitly Satoshi Nakamoto.

>After Mao died, when Deng Xaioping created the special economic zones (SEZs) beginning in 1980, that's when you saw hundreds of millions of Chinese lifted out of poverty and starvation over the next two decades. That's when you could say China was moving to capitalism and free markets, by the modern Western definitions. Later reforms expanded "capitalism with Chinese characteristics" across in China.

Good, the more efficient capitalism is, the more productivity enhanced by machines there is, the faster it's final crisis will occur.

Exploitation is not something you measure with starvation or subjective poverty.

Those Chinese are way more exploited of their surplus labor now in 2019 than in 1955, at the heart of Mao Zedung era.

The rate of surplus value, which is r= s/v (s is surplus value, v is variable capital (cost of labor), determines the level of exploitation. It has increase since the end of WWII in the US (pic related), and globally in the world.