The future of communist capitalism in China

It is a mistake to believe that China is no different from the capitalist countries and economic systems that follow the Western liberal model led by the United States of America.

It is a mistake to believe that China is no different from the capitalist countries and economic systems that follow the Western liberal model led by the United States of America. There are still strategic and fundamental differences between the Chinese leadership’s approach to governance and the Western capitalist system.  China’s adoption of a free market economy does not necessarily mean its abandonment of socialism, which will ultimately lead – according to the Chinese point of view – to building a completely communist society. Rather, adopting a free market economic system based on capitalist thought, from China’s point of view, through a scientific experimentation, to build a free market economy, which will allow it to build national wealth and develop its industries in a global competitive environment, while attracting capital, expertise, and skills from outside China. For this reason, China continues to liberalize its economic, financial and banking sectors.

 To achieve this, Chinese President Comrade “Xi Jinping” defined the future of communist capitalism in China, by declaring his principles towards integrating capitalism and communism economically, by emphasizing adherence to the principle and approach of (socialism with Chinese characteristics in the modern era), which is based on continuing the approach.  His predecessors were leaders of the Chinese Communist Party, with a focus on continuing and deepening the comprehensive reform process, especially in the economic and administrative sectors, while adopting scientific ideas to achieve technological innovations, simultaneously with maintaining a sustainable green environment, an open and accessible horizon for development for all, and emphasizing moral and social moral values.  Based on the concepts of (Marxism, communism, and socialism with Chinese characteristics), with safe coexistence with nature by adopting the concepts of renewable energies, preserving the environment, contributing to global climate security, strengthening Chinese national security, and charting a common destiny between the Chinese people and the rest of the peoples of the world in a global environment free of  Wars, and strengthening party discipline among members of the Communist Party of China.             

Here, Chinese President Xi Jinping shows great interest in studying the reasons for the failure of socialism in the Soviet Union, and how to avoid those mistakes in China. President Xi believes, in accordance with his philosophy, that the Soviet Union has adhered to a rigid doctrine that it has not tried to develop, and that the Soviet Communist Party has sagged and lost its vitality at all levels, high and low, in the Soviet state. The Soviet army has also lost its ideological orientations in directing its people, unlike the situation in the Chinese state at the present time. Therefore, the final result in the end was the fall of the Soviet Communist Party, and the disintegration of the Soviet Union as a great socialist state.

  Accordingly, China has learned a lot from the Soviet experience in order to study and understand it as a lesson from history for the Chinese. Accordingly, Chinese President Comrade “Xi Jinping” tried to revitalize the components of his communist state, unlike the situation of the Soviets, with his determination to make (Chinese socialism with Chinese characteristics in the modern era) based on continuing the approach of his predecessors among the party leaders, with a focus on continuing and deepening the comprehensive reform process, in a large number of economic, administrative, financial, social and development sectors.  Therefore, we find that after more than 75 years, the Soviet communist experiment has collapsed, and the Chinese experiment has survived, which hastened since the 1970s to open up economically to become an important economic competitor to the United States of America and the capitalist countries, adhering to Marxist theory and the ideas of its late leader, “Mao Zedong”.

  Here, President “Xi Jinping” affirms his deep and complete belief in Marxism-Leninism and Mao’s ideas, which lifted China from backwardness, weakness, and poverty, and led to the rise of modern China. President “Xi” also asserts that strengthening and strengthening the foundations of socialist society in the future will require a long period of time, but according to the vision of Chinese President “Xi Jinping” and the leaders of his Communist Party, in his capacity as Secretary-General of the ruling Communist Party in China, he considers that the destiny of Chinese socialism is victory.  The final outcome is that capitalism is heading toward inevitable demise.   

  Here it is worth noting that “Karl Marx”, the German philosopher who lived in the nineteenth century, believed that socialism would create a better future that would transcend capitalism. A century after his death, the Chinese Communist Party is applying his theory in practice, albeit with Chinese characteristics, and leading the country from poverty to prosperity. As the late Chinese leader “Deng Xiaoping” said that: “When China enters the front ranks of nations, we will not only have paved a new path for the peoples of the Third World, but we will also have demonstrated to humanity, and this is most important, that socialism is the only path that excels on capitalism”. The twentieth century witnessed intense competition between the socialist and capitalist camps, but the fall of the Soviet Union dealt a severe blow to the international socialist movement. But, China resisted that crisis and stepped into the new century with a Marxism that applied Chinese characteristics.

Dr.Nadia Helmy
Dr.Nadia Helmy
Associate Professor of Political Science, Faculty of Politics and Economics / Beni Suef University- Egypt. An Expert in Chinese Politics, Sino-Israeli relationships, and Asian affairs- Visiting Senior Researcher at the Centre for Middle Eastern Studies (CMES)/ Lund University, Sweden- Director of the South and East Asia Studies Unit