“Theyre as capitalist as Lenin. Look at Lenins New Economic Policy.”
For several years now I have used the term Chicaps to describe the emerging chinese capitalist presence.
Even during the worst Chinese Communist years, business of a capitalist nature was thriving among the colonies of overseas chinese business and families. These Chinese are now allowed to trade with the mainland.
The largest ever public offering on the New York Stock Exchange was for shares of a chinese company, Alibaba.
The Pearl River delta cities are the 13th largest world economy although the territory is limited.
But most importantly, There are the Chinese youth. They embrace world values and they like stuff. Communism is eschewed for a government currently under development
I neither promote nor disdain China. I observe and make a finding
China and a “universal empire” under its control is not at odds with the Manifesto either, any more than their ideologically-sanctioned capitalism (of the state) is, the Manifesto in question declaring “the workers have nothing to lose but their chains; they have a world to win.”