As more of a maoist i would not say China today is socialist with those billionaires owning stakes in those chinese companies and influencing the state to have this high income inequality there now and not offering everybody a job as they used to under mao etc. .
Automation has been going on since the 19th century and has not overthrown capitalism and unemployment is not any worse than it was during the great depression. Things are not any more toxic and untenable than during the gilded age in america. One big change now is that there are forums like reddit and lemmy were people get access to statistics like life expectancy which was not the case in the gilded age were the 99% only would read the biggest newspapers which were controlled by the top 1%.
As more of a maoist i would not say China today is socialist with those billionaires owning stakes in those chinese companies and influencing the state to have this high income inequality there now and not offering everybody a job as they used to under mao etc. . Automation has been going on since the 19th century and has not overthrown capitalism and unemployment is not any worse than it was during the great depression. Things are not any more toxic and untenable than during the gilded age in america. One big change now is that there are forums like reddit and lemmy were people get access to statistics like life expectancy which was not the case in the gilded age were the 99% only would read the biggest newspapers which were controlled by the top 1%.