this post was submitted on 22 Mar 2024
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Capitalism Can't Solve Climate Change (time.com)
submitted 7 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml
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And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck.

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[–] P1r4nha@feddit.de 4 points 7 months ago (1 children)

Enlighten me then. Means of production doesn't seem to be controled by the party alone. Most of China's economy still follows capitalist principles. Rich Chinese and owners of businesses are still private citizens. Sure, some influenced by the government, some industries very heavily regulated, but China still follows capitalist principles in most cases.

I always thought Socialism means that means of production is controlled by labor directly, not capital owners or an elists single-party government.

[–] naturalgasbad@lemmy.ca -2 points 7 months ago

Just like how capitalism is a spectrum (in that, y'know, the US does not have purely free market capitalism but is still widely considered a capitalist state), socialism is also a spectrum. Marx and Engel's writings do touch on this, but it was expanded on by the works of Lenin and Deng Xiaoping (among others). If you're actually willing to learn, I'd recommend asking on hexbear.net because they're much more familiar with the literature than me.