It has been 40 years since Deng Xiaoping broke dramatically with Maoist ideology and the Maoist variant of socialism. Since then, China has been transformed. Forty years ago, in 1978, China was unquestionably a socialist economy of the familiar and well-studied "command economy" variant, even though it was more decentralized and more loosely planned than its Soviet progenitor. Twenty years ago--that is, by the late 1990s--China had completely discarded this type of socialism and was moving decisively to a market economy. China today is quite different both from the command economy of 40 years ago, and from the "Wild West Capitalism" of 20 years ago. Throughout these enormous changes, China has always officially claimed to be socialist. Does the "socialist" label make sense when applied to China today?
Political Economy Research says Trump is using Jack Ma against Jeff Bezos of Amazon - no national loyalty by Trump the transaction man - bourgeoisie are a bunch of brothers who fight each other. Jeff Bezos owns Washington Post which criticizes Trump - capitalists have one loyalty profit - if Jack Ma stands with China he will be against Trump and not aid his anti Bezos campaign. The Bourgeoisie will not defend China's national interest just like the Russian Oligarchs who flirt with Trump - they are profit patriots.
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