China’s health officials look to U.S. health insurance capitalists

By Charles Andrews

U.S. and Chinese capitalism are heading to war over which power will dominate the exploitation of the world’s working people. But this antagonism does not prevent the capitalists of both countries cooperating to suck the blood of Chinese and U.S. workers.

Take the business of healthcare, for example. The American Chamber of Commerce in China brought a group of China’s health officials to the U.S. The purpose? To sell them on the profits to be made out of the Medicare Advantage ripoff.

A routine report on China's economy

By Charles Andrews

Below are excerpts from a routine report in the Western business press on China's economy. The statistics come from the PRC government.

While many U.S. congresspersons, governors, and so on denounce “communist China,” the Western business press has no problem reporting plain facts just as it does for any other capitalist country.

China’s Stock Market: A Lesson on What Socialism Is Not

By Charles Andrews*

Late in January, the Chinese government arranged for its state-owned companies to put as much as $282 billion into the falling stock market. The companies were told to buy via Hong Kong accounts.

The government is desperate to halt a big slide in the Shanghai Composite Index, which had fallen nearly to its March 2020 low point at the start of the COVID pandemic.

Why does a “socialist” economy have a stock market?