this post was submitted on 31 Jan 2025
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-- and they both punch left; exactly as conservatives like to do.
I consider tankies to be on the right end of the socialist spectrum, so when I say it I'm punching right. They're still comrades even if they are miss guided by state-capitalist governments. Cheers
Because the Chinese state has fiat monetary sovereignty, it doesn’t function in the capitalist mode. It has no need to make a profit because it has infinite money[1]. It doesn’t need to extract surplus value from workers to satisfy investors, and it doesn’t even need to break even. The logic of capitalism doesn’t apply.
Ultras fear the scroll.