GenZedong

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This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

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Biden administration is considering using the 'most severe trade restrictions available' if Japanese and Dutch companies continue to give China access to 'advanced semiconductor technology' (archive.ph)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 4 months ago (1 children)

Short version: he opened china to investment from western capital. The plan was to use western capital to fund the construction of factories with the condition of technology sharing. Gambit was capitalism would willing sell all of its advantages in order to gain profit. The risk being that capitalists would have sway in China (and leftists constantly purity testing China).

[–] [email protected] 15 points 4 months ago (1 children)

Thanks!

[–] [email protected] 16 points 4 months ago

Yeah that, and to expand a little, he was often derided by hardliners for being a sellout, and the plan to develop productive forces in China had some close calls from a full capitalist restoration. It seems to have worked out so far however, since the PRC was originally an impoverished pariah state, and now it is more advanced in many respects than the west. The work that needs to be done now is to take the productive forces that the capitalists gleefully supplied in exchange for cheap labour and turn it towards domestic production and consumption.