this post was submitted on 17 Jan 2025
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Correct. What this achieves is personal investment by the bourgeoisie in the free participation of China in world markets. They lose money if China is disconnected, and thus they as individuals want it to stay connected even if they understand that for the wider interests of their class it is a negative in the longterm. Each individual member of the bourgeoisie still wants personal enrichment and is still driven by the pursuit of capital, since keeping China connected means they can acquire more capital then that's what they want.
In essence the entire strategy is to disincentivise the bourgeoisie from seeking to destroy China, as they did with the USSR, or as they do with Cuba, the DPRK, etc.
What this leads to however is untested. We can only speculate. What they have done with placing branches of the CPC inside every large business however is the infrastructural groundwork for a transition partial/fully socialist economy with a minimum of pushback.