Evergrande- why the Communist Party of China is still a Leninist party
Many experts say that the Chinese Communist Party cheers capitalism, no longer supports proletarian workers‘ revolutions in other countries for the purpose of a proletarian world revolution, even now has more millionaires and billionaires than the USA and can therefore at best still be seen as an authoritarian development dictatorship, but would no longer be a Leninist party. What then does not fit into the picture are the transformation of the one-party dictatorship into a one-man dictatorship with constitutional status and for life, all the neo-Marxian references, the latest regulations of public life, the business world from high-tech companies to Evergrande. Unlike the financial crisis in the USA with Lehmann, the Chinese crisis was not triggered by the fact that customers can no longer pay their loans, but by government regulations in the real estate sector and other sectors. As far as a stock trader friend of mine has explained to me, it was the Chinese government’s public request to Evergrande to repay its debts that sparked the misery, since it triggered price losses and made Evergrande in trouble. He said they were surprised that the CP China so publicly attack a company that it would trigger payment difficulties. This capiltalist friend is surprised that the CP approaches Evergrande so openly. He said that it could have been solved and brought about with less risk and more discreetly behind closed doors with quiet diplomacy. But maybe you just want to behead the chicken to frighten the monkeys. But that just makes sense if you want to understand the Communist Party not just as a capitalist party, Confucist party or whatever.
The China expert and sinologist Professor van Ess thinks: “Thank you, that would be a very plausible explanation. And in fact very different from Lehmann, where you just cheated on the little man from the USA – and from China and Germany. Of course you had this here too, but in that case that would probably mean that the CP would like to curb real estate speculation and get the prices down. Because the high housing prices are of course a considerable nuisance. You can pick out a Cantonese company. I believe exactly that. A sign against real estate speculation should be sent. That makes the CP popular. Because the subject of real estate speculation is just as sensitive in China as it is here. And whenever I heard frustration among young people in China, it was always about the fact that they could no longer afford an apartment. In Hong Kong, too, the protests probably had to do with a real estate market that got out of hand. „
It is exactly this: the Communist Party, despite all economic freedoms for market elements and capitalism, ultimately still has central control and intervenes in the face of its own maxims. You are dealing with certain cycles under which the CCP allows the economy to run more freely, but intervenes again when it overheats and brings about social instability. And even if it means the downfall of big capitalists or big conglomerates. In addition, the CCP is clear thatif it produces capitalists and companies that are too powerful, they can quickly make political demands along the lines of the American Revolution: No taxation without represantation. Because of this, numerous CEOs have since been dismissed and Jack Ma has been expelled from Alibaba, although no firing squad awaits him as in the good old Lenin or Mao times, but he is allowed to devote himself more to painting Daoist pictures and private hobbies in his private life. They don’t want to slaughter the golden goose like the Stalinists and Maoists would have done, but the CCP doesn’t want to breed oligarchs like Guo Wengui, who is now in exile in the US and teams up with Trump Steve Bannon and the Committee on the Present Danger : China to overthrow the CCP and catapult itself or the clerical fascist Falungongguru Li Hongzhi as the new ruler of China. Neither in exile nor at home.
To what extent is the Chinese Communist Party still a Leninist party? Many understand Lenin to be a planned economy, collectivization, the Cheka, and the world proletarian revolution. In this sense, the CCP is no longer a Leninist party. But many overlook the fact that after the civil war in Russia Lenin introduced the New Economic Policy with market elements, joint ventures and access to foreign capital, but always under the control of the CPSU, and at any time withdrawable, regulatable and under control. Lenin’s New Economic Policy is exactly what Deng Xiaoping and his successors did with the reform and opening-up policy, but already with the elimination of the Democratic Wall Movement and the demands for a 5th reform, democracy as demanded by Wei Jingsheng or the the massacre of the democratic movement at Tiananmen Square in 1989 or the ban on the Democratic Party of China and the Falungong in 1998 the CP China made clear that the monopoly of the party should never be touched. Therefore, the CCP is still a Leninist party based on Lenin’s New Economic Politics. Lenin’s NEP was overlooked and forgotten by all Stalinists, Maoists and Western China experts, but not by the CCP. But it is a ride on the capitalist tiger and the CPC wants to ensure that the capitalists remain paper tigers. But that´s not for sure.