PRC Strengthens Party Control Over Firms

An interesting directive has been issued by the Central Committee of the Chinese Communist Party (CPC). The People's Daily reports this as:

The circular says that efforts should be made to actively advance the building of Party's work style and the anti-corruption drive in state companies and to probe effective ways for bringing staff workers' role of democratic management into full play and safeguarding their legal rights and interests under the modern corporate system.

The position of the Democratic Socialist Perspective is that the PRC is now a Captialist State.

The turn by the ruling bureaucracy in China toward sanctioning the transformation of the petty-bourgeois stratum that constitutes the commanding personnel in the organs of state power into owners of bourgeois property, like the somewhat earlier turn in the same direction by the ruling bureaucracies in the Soviet Union and Eastern Europe, marks the final triumph of bourgeois reaction within the state structures of these societies and the end of any activity on their part to defend the nationalised, planned economy as a source of their power and income. The state power these bureaucracies command has ceased to be "a weapon of proletarian dictatorship". It has become an instrument for the suppression of the resistance of the working class to the reintroduction and defence of capitalist property relations. These regimes are no longer highly deformed expressions of proletarian state power. They are now capitalist states.

The move by the CPC is merely strengthening the grip of the party functionaries on the workers' assets under the cloak of ...safeguarding their legal rights and interests.... When the mask of Communism is finally discarded, we will see the very same party functionaries running these companies.

Meanwhile in the USA and elsewhere, there are those who will want to stop all trade with the Communists. The Capitalists know their own - that is why foreign investment is booming in the PRC.