Some of you may say that as a random Westerner with no ties to Hong Kong or China I'm clearly manufacturing a hot take in order to personally benefit from the situation. To those people, I say
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For example, the guy in the vid thinks china is state capitalism
Capitalism is about ownership of the means of production. Land is only a minor and usually non-relevant part of this. Your question would be correct for feudalism.
land is a primary factor of production. the producers basically rent from the state which owns all land. And even still, who owns and controls key sectors of the economy? who controls the towering heights? is it the capitalist class? or the Party? lol
The state in the form of the Communist Party of China represents the proletariat and acts in their favour, the bourgeoisie acts in their own favour and against the lower classes.
“who owns the land”
Capitalism is about ownership of the means of production. Land is only a minor and usually non-relevant part of this. Your question would be correct for feudalism.
land is a primary factor of production. the producers basically rent from the state which owns all land. And even still, who owns and controls key sectors of the economy? who controls the towering heights? is it the capitalist class? or the Party? lol
What’s the difference between the capitalist/owning class and the state at that point?
The state in the form of the Communist Party of China represents the proletariat and acts in their favour, the bourgeoisie acts in their own favour and against the lower classes.