Comments by "F Liu" (@F_Liu) on "How can China be socialist if it has a stock market? Understanding the Chinese economy" video.

Deng Xiaoping on ''Socialist Market Economy''. ''To uphold socialism we must eliminate poverty. Poverty is not socialism.'' -- Excerpt from a talk with the Japanese delegation on June 30, 1984
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Ben, you are the real China expert. I've said this before, you understand China better than most Chinese. Keep up the AMAZING work you've been doing!
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In a 1986 episode of “60 Minutes,” the first major interview Deng granted to a Western broadcaster, Wallace asked: “To get rich is glorious. That declaration by Chinese leaders to their people surprises many in the capitalist world. What does that have to do with communism?” Deng’s reply: “To get rich is no sin. However, what we mean by getting rich is different from what you mean. Wealth in a socialist society belongs to the people.” Although Deng didn’t actually say “to get rich is glorious,” Wallace believes that the Chinese leader acknowledged ownership of the words by not challenging the question. “He certainly never said, ‘No, no, I never said that,’ ” Wallace says. In the interview, Deng emphasized that wealth in a socialist society meant “prosperity for the entire people” and must not lead to a situation in which “the rich get richer while the poor get poorer.”
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@Alan-Classified Your statement is pretty pathetic as it is supported by nothing.
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@loveblindhate9318 In a 1986 episode of “60 Minutes,” the first major interview Deng granted to a Western broadcaster, Wallace asked: “To get rich is glorious. That declaration by Chinese leaders to their people surprises many in the capitalist world. What does that have to do with communism?” Deng’s reply: “To get rich is no sin. However, what we mean by getting rich is different from what you mean. Wealth in a socialist society belongs to the people.” Although Deng didn’t actually say “to get rich is glorious,” Wallace believes that the Chinese leader acknowledged ownership of the words by not challenging the question. “He certainly never said, ‘No, no, I never said that,’ ” Wallace says. In the interview, Deng emphasized that wealth in a socialist society meant “prosperity for the entire people” and must not lead to a situation in which “the rich get richer while the poor get poorer.”
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@Shadowless_Kick Exactly. Ben has done brilliant research work on China and most importantly he's been doing what a true journalist should be doing, informing people the truth and facts.
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@baichuanren885 I am not implying most Chinese know nothing about their own country's systems/policies and politics. Most Chinese have a good level of understanding of the fundamentals of the governmental policies on economy and other aspects through their everyday life but not so much of an in-depth understanding as detailed in Ben's videos. Ben's analysis of China is quite academical, there are a few well-known Chinese scholars/intellectuals (Ben cites them sometimes) followed by many Chinese are of course way more knowledgeable than Ben, though they either don't speak English (well) or have a platform in the West to spread their knowledge plus they will usually be labelled and dismissed as government mouthpieces. Even Ben gets that a lot. Plus most Chinese are quite apolitical and not so hung up on a particular political ideology, they focus most their time on their practical life rather than studying economics and politics.
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@tkh2944 The US projects a lot when it comes to China because they are too arrogant to learn that China is DIFFERENT in so many ways.
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@sportsfisher9677 You certainly sound very informed and well educated, lmao, you have not detailed a SINGLE thing that you think he is wrong on, we all eagerly await for your informed opinions, come on educate us!
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Both Western liberals and conservatives have huge misconceptions of China, because they see China through Western lens on top of all the lies coming from Western media and governments. The ''Chinese model'' is unique to China, its systems (both political and economical) and methods of working are constantly evolving and improving. You will not be able to understand the ''Chinese Characteristics'' without understanding China's history, culture/beliefs and its historical economic/trade practices. Both private entrepreneurship and state owned industries hold equal importance in the Chinese economy, private sector (both foreign and domestic) is a very vibrant part of Chinese economy contributes to 70% of the Chinese GDP and offering majority of the employments. The key difference is though Capitalists have zero influence over the Chinese government and its policy making, all major companies private or state-owned have to work towards China's 5, 10 year developmental plans. The key to China's success is pragmatism, like Deng said, ''Black cat or white cat, if it can catch mice, it's a good cat''.
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Jack Ma who tried to promote the idea that Chinese state owned banks should lower lending criteria and allow more risky lendings was put back to his place (he deserved it and learnt his lesson), and the boss of Evergrande is asked to bail out his own debts and forbidden from travelling abroad (possible running away from liabilities) all goes to show how Capitalists and their activities are strictly regulated in China. Contrary to the US, the Chinese state is not going to bail out bankers and failing corporations with tax payers' money.
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@tkh2944 Most Americans/Westerners know next to NOTHING about China. The US projects a lot when it comes to China because they are too arrogant to learn that China is DIFFERENT in so many ways.
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 @tkh2944 The US projects a lot when it comes to China because they are too arrogant to learn that China is DIFFERENT in so many ways. Most Americans/Westerners know next to NOTHING about China.
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@tkh2944 Most Americans/Westerners know next to NOTHING about China.
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@baichuanren885 Yes, Shadowless_Kick is correct, sadly there are a lot of Chinese (more so the case for older generations) in China who are either brainwashed by Western liberal politics/ideologies or simply ignorant of how superior China's systems are compared to the US/West.
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@Enriquewong89 Lol, you clearly don't know China or have never lived there, hence you completely twisted my words, or maybe intentionally twisted my words to suit your narrative, nice try, but, that is NOT the reason why most Chinese are not very interested in politics. They are very interested in policies that affect their everyday lives, they trust their government to make the right policy decisions that will benefit their practical life.
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@Perceptionista This guy and a few others (routinely spotted around chat and comment sections of leftist channels, I've interacted with them before) are clearly working for the Stated Department/cia. This particular one likes to repeat "China is an Imperialist", once you see this, you just know he is a fake. They are here to repeat anti China talking points but disguised as a "socialist/communist". It works to fool some.
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