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
I love it when people call a transitional economy state capitalist because it betrays a lack of understanding of actually existing capitalism and the role the state plays in it.
If you’re one of those people who just considers “tankie” to be a synonym for “Marxist-leninist” then I suppose I agree, but I think the term is used too nebulously to meaningfully place on the political spectrum.
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.
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
I love it when people call a transitional economy state capitalist because it betrays a lack of understanding of actually existing capitalism and the role the state plays in it.
If you’re one of those people who just considers “tankie” to be a synonym for “Marxist-leninist” then I suppose I agree, but I think the term is used too nebulously to meaningfully place on the political spectrum.
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.