It's the opposite of absolutism, actually. The PRC has a Socialist Market Economy, where large firms are held in public control, and smaller firms that aren't are often formed in cooperative structures. A cooperative in a Socialist economy exists in a different context than a cooperative in a Capitalist economy.

Advocacy for Socialism isn't necessarily based in mystical properties of participating in a collectivized structure, but more of a materialist question of efficiency. As firms grow to large sizes, it becomes more efficient to publicly own and plan them.

[–] yucandu@lemmy.world 0 points 2 hours ago (1 children)

The PRC has a Socialist Market Economy

No they don't, they have a capitalist economy. Absolutely nothing about China is socialist. You are eating up and regurgitating their propaganda without question.

Advocacy for Socialism isn't necessarily based in mystical properties of participating in a collectivized structure, but more of a materialist question of efficiency.

This is more of that vague word salad I referred to earlier. You didn't say anything here. "mystical properties of participating in a collectivized structure", "materialist question of efficiency", these phrases don't mean anything. You're just stringing polysyllabic words together to sound smart.

[–] Cowbee@lemmy.ml 2 points 2 hours ago

Can you elaborate beyond saying "nuh uh?" If the primary aspect of production in an economy is in the Public Sector, as it is in the PRC, it's Socialist.

Moreover, the concept that production gets complex, and that as this increases it becomes more effective to plan from above with a view of the whole economy, is not "word salad."