Roberts had to admit, "the top 1% of wealth holders in China take 31% of all personal wealth compared to ... 35% in the US."
Roberts gave no specifics for his myth about the "large state sector that can drive investment and so implement national plan targets. It shows the value of public ownership and dominant government-directed investment within a national plan." The state-owned firms are run for profit. The government uses the same tools of subsidies, regulations, differential interest rates, etc. that comprise industrial policy in various capitalist economies. There is no overall allocation of investment according to a plan. The name "plan" is left over, its essence is long gone. If only China would practice bourgeois democracy, Roberts would be happy. His wish is social-democratic. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#41013): https://groups.io/g/marxmail/message/41013 Mute This Topic: https://groups.io/mt/118207555/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
