this post was submitted on 14 Dec 2024
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Xi is neither a dictator nor a CEO, he is the head of the CPC and the president of China, a largely ceremonial position.
CEOs run capitalist enterprises. The Chinese state runs public enterprises, so they aren’t run on the logic of capitalism. These public enterprises don’t even need to make a profit, because the Chinese state has fiat monetary sovereignty. I other words, it has infinite money[1].