Quantity of bourgeoisie is not an indication of who runs the country or which is primary, public or private property
China has the second biggest population in the world, period.
The PRC saw what happened when you cracked down too hard on wealth inequality too early in the USSR, there was significant brain drain and people took what they could elsewhere. This eventually led to decreased growth and contributed to collapse. The PRC instead allows billionaires (so long as they don’t commit crimes), and as a consequnce they now have the largest economy by PPP and second largest by GDP. It’s a “boiling the frog” approach.
Quantity of bourgeoisie is not an indication of who runs the country or which is primary, public or private property
China has the second biggest population in the world, period.
The PRC saw what happened when you cracked down too hard on wealth inequality too early in the USSR, there was significant brain drain and people took what they could elsewhere. This eventually led to decreased growth and contributed to collapse. The PRC instead allows billionaires (so long as they don’t commit crimes), and as a consequnce they now have the largest economy by PPP and second largest by GDP. It’s a “boiling the frog” approach.