[TEASER] (Chinese) Socialism vs (U.S.) Capitalism

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In this episode in our reading series, Robbie reads a piece written by Indrajit Samarajiva titled "How Communism Is Outcompeting Capitalism." Why is the entire techno-capitalist class, along with their loyal handmaidens in the media, freaking out about DeepSeek—a Chinese AI company's an open-source large language model? Why are electric vehicles (EVs) so much cheaper, efficient, and better in China? Why is the United States ramping up anti-China hysteria in this country? And why are living standards and life expectancy in China overtaking those in the United States? 

The answer is simple: socialism is better than capitalism. On every single front. And in this reading series, Robbie reads and reflects on Indrajit Samarajiva's piece as it provides a brief history of the rise of communism in China, the period of Deng Xiaoping's market reforms, and the superiority of socialist economies over capitalist ones. 

Further resources:

• How Communism Is Outcompeting Capitalism
• "Capitalist reforms and extreme poverty in China: unprecedented progress or income deflation?" Sullivan, Moatsos, Hickel in New Political Economy: Volume 29, 2024 - Issue 1
• The Wolf of Wall Street (2013 film)

Related episodes:

• Historical Materialism w/ Torkil Lauesen
• Towards Socialism and the End of Capitalism: An Introduction
• Towards Socialism and the End of Capitalism: An Introduction
• [UNLOCKED] How the North Plunders the South w/ Jason Hickel
• Socialism Betrayed w/ Roger Keeran and Joe Jamison
• The Logical Case for Socialism (and Against Capitalism) w/ Scott Sehon
• The Green Transition Part 1: The Problem with Green Capitalism
• The Green Transition Part 2: A Green Deal for the People

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