This graph is important

It’s based on the writings of professor Cheng Enfu, President of the Academy of Marxism at the Chinese Academy of Social Sciences (CASS) and Director of the Academic Division of Marxist Studies of CASS.

Socialism and communism are not one and done processes. They are gradual changes, both Marx and Lenin have addressed this extensively. We can’t just instantly press the big communism button unfortunately.

Here’s a paper that goes way more in depth on the professor’s definitions: https://guilfordjournals.com/doi/pdf/10.1521/siso.2022.86.2.159

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  • davel@lemmy.mlEnglish
    8·
    1 year ago

    The “boom-bust cycle” instability is inherent to capitalism, not to a socialist economy, planned or otherwise.
    https://en.wikipedia.org/wiki/Business_cycle

    Periodic crises in capitalism formed the basis of the theory of Karl Marx, who further claimed that these crises were increasing in severity and, on the basis of which, he predicted a communist revolution.

    Marxian view, profit is the major engine of the market economy, but business (capital) profitability has a tendency to fall that recurrently creates crises in which mass unemployment occurs, businesses fail, remaining capital is centralized and concentrated and profitability is recovered. In the long run, these crises tend to be more severe and the system will eventually fail.

    In contrast, profit is not the engine of a socialist economy: meeting people’s needs is.

      • davel@lemmy.mlEnglish
        5·
        1 year ago

        A democratic centralist government is fundamentally different from ‘ceo runs company/state’. And a CEO can’t just do whatever they want: they have to make a profit, or else their investors will have them removed or the company will be liquidated from insolvency.

          • davel@lemmy.mlEnglish
            3·
            1 year ago

            Ceos dont have to make a profit. A business needs to make a profit

            This is just wordplay. If the business doesn’t make a profit, the CEO gets the boot, so the CEO makes decisions with an eye on profitability.

            you fundamentally misunderstand the role of a ceo.

            Why don’t you tell us what the role of the CEO is then?

            If you have a centralized authority over the economy then you’ll have a monoculture.

            By some meanings of “monoculture,” that is definitionally true. But that doesn’t mean the entire country is necessarily run as a monolith, because that centralized “monoculture” may set up any of a variety of power decentralization/federation/power sharing schemes.

            The fact is you do not need a centrally planned anything and having one actually prevents improvements.

            That’s a very strong assertion of a “fact” without evidence, and frankly sounds like something von Mises or Hayek or Rothbart or Greenspan would say.