Abandon moral thinking, and it all makes much more sense
We agree entirely. Anyone who expects China to be good or to try to become good is going to be confused by reality. China will develop according to the material conditions it operates under. Since those conditions are capitalism, it would be foolish moralism to expect them to do the good thing in spite of their structural incentives, so they will remain capitalist indefinitely.
I don’t believe any of the ML movements have been involved in a genocide nor approved a genocide.
Oh hey you're going to No True Scotsman me. Anyway: Holodomor, Cambodia, Ethiopian Red Terror, Uyghurs.
China is going through the capitalist mode of production. Just like every single industrial nation has done. We don’t know of any other way to industrialize. One of the functions industrialization needs is the efficient allocation of resources. The stock market is a tool to make that happen.
Holy capitalist realism, batman. Communism has also never been to the moon, are you going to use capitalism to get there too? Neither has it ever solved climate change, are you going to use capitalism to do that too? If all you're going to do is ape capitalism because "it's the one that works", you're just a capitalist with extra steps.
It’s also a way to participate in and gather resource flows from imperialist countries in Chinese currency, which has important effects in anti-imperialism at the commanding heights of world economic systems.
Sadly, we don't know any other way to be a world hegemon other than through capitalist imperialism...
You know how we know that China’s industrialization process is run by communists and not capitalists? Because the industrial revolution impoverished millions in the West, but in China it lifted 800M out of abject poverty.
I guess the USA was run by communists too because poverty decreased massively from 1870 to 1970.
Strange, though, the US had a stock market during its industrial revolution, while China is only introducing the stock market after it has already lifted those 800M out of poverty. Somehow China managed to do all that without ever needing a stock market. Almost as if an economy can industrialize perfectly well without one and the reason for adopting a stock market has nothing to do with efficient industrialization...
Anyway, coming back to moralism, I'm sorry, but I do want my society to be good. I understand that a society being good doesn't make sense on its own, that's why anarchocommunism has prefiguration. We need to shape the material conditions to produce good things if we want good things, which we do. Having capital owners pinky swear to make communism real after the next fiscal quarter isn't going to do it.