China Capitalism Myth: CCP Controls Companies, Capital, and Stock Market

China apologists often claim that China is no longer communist, but such claims are complete nonsense, reflecting an incredibly selective and superficial analysis of what the reality is in China. For one thing, the ruling party is the Chinese Communist Party (CCP). And the name was not chosen arbitrarily. It is a communist country.

Apart from the CCP, there are 8 minor parties, but these parties have to concede to the ruling role of the CCP, meaning it would technically be illegal for one of them to plan or even suggest that they should replace the CCP as the ruling party. So politically, China is 100% communist.

As for the economic system, with the state controlling more than half of all companies, it can hardly be considered capitalist.

Most media and many economists mistakenly claim that the Chinese Communist Party (CCP) controls only a limited share of the economy, citing the percentage of firms directly owned by the state. But focusing narrowly on state-owned enterprises (SOEs) hides the much broader reality: state control extends through multiple layers of ownership, networks, and connections, reaching the majority of China’s corporate sector.

Of 40 million registered firms in China, about 391,000 are 100% state-owned (SOEs), 629,000 are at least 30 percent state-owned, and nearly 867,000 have some level of state ownership. Altogether, the capital of firms with state stakes accounted for about 68 percent of the economy in 2017.

State owned firms can own significant shares in other firms, extending the states reach. Scholars have identified 978,609 firms within three degrees of separation from an SOE and more than 3.5 million firms indirectly tied through joint ventures. Among the top 1,000 private owners in China, 78 percent are state-connected, 63 percent directly and 14 percent indirectly.

If mixed-ownership models are included, where SOEs hold a 30 percent stake or maintain indirect equity ties, the total number of state-connected firms ranges from 600,000 to 3.5 million. SOEs also use enterprise groups to spin off subsidiaries, list them on stock exchanges, and bring in private capital while retaining state control.

This state dominance has accelerated. Between 2000 and 2019, the number of private owners directly connected to the state nearly tripled, while indirect connections grew even faster. By 2022, 71 percent of Chinese companies on the Fortune 500 list were state-owned, rising to 84 percent by asset size. By 2021, 54% of China’s largest firms were state owned.

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South Korea’s Ruling Party Pushes “Special Court for Rebellion” – A Communist-Style Assault on Judicial Independence

Korea’s pro-China totalitarian leader met with President Trump this week at the White House.

On August 28, 2025, South Korea’s Democratic Party (DP) crossed a dangerous line. In response to the judiciary’s rejection of an arrest warrant for former Prime Minister Han Duck-soo, the DP not only condemned the courts but also moved to create a so-called “Special Court for Rebellion.”

This is not a normal judicial measure. It is an attempt to strip authority from ordinary courts and build a parallel tribunal designed to guarantee convictions. In reality, this amounts to the creation of a Communist-style pseudo-court—courts in appearance, but not in substance—serving as instruments of political repression.

Key developments on August 28:

** The DP’s emergency committee and hardliners denounced the judiciary’s decision as sending the “wrong signal” to so-called “rebellion forces.”

** Calls for a “Special Court for Rebellion” escalated from rhetoric to formal resolution and legislative planning. According to Yonhap News, the DP will present legislation to establish the tribunal as early as September 4.

** Senior DP lawmakers declared: “The ordinary judiciary cannot be trusted. A special panel is required to handle rebellion charges.”

On social media and in press briefings, DP figures demanded “swift reapplication of warrants” and labeled the judiciary’s independence as an obstacle to “ending rebellion.”

This is nothing less than a Stalinist tactic:

** Branding political opponents as “rebels” to justify extraordinary tribunals;

** Overriding the independent judiciary with a handpicked court loyal to the ruling party;

** Turning the language of law into a weapon for political purge.

The Communist People’s Courts of the 20th century operated in precisely this way: they mimicked judicial form while serving as political tools. The Democratic Party is now attempting to reproduce this in South Korea. It is a direct assault on the separation of powers and the rule of law.

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Crackdown on Individual Freedoms Continues in South Korea Under Communist Chinese Pressure

Our contact in South Korea sent The Gateway Pundit an update on the suppression of speech and loss of individual rights under the current pro-Chinese regime.

It is hard to believe that South Korea, a country that fought a bloody war against the communists 70 years ago, is now sliding under communist control.

The alarming suppression of freedom of expression currently taking place in South Korea:

In recent months, conservative civic groups and organizations supporting former President Yoon Suk-yeol have been systematically targeted by investigations. What makes this situation particularly serious is that these crackdowns are happening under clear pressure from China, with the current administration’s cooperation.

Key Cases

1. Banners Against Messenger/SNS Censorship (Prosecuted under Election Law)
A civic group hung banners calling for the protection of students’ freedom of expression. Just before the election, police raided the home and office of the group’s leader, claiming this violated the Public Official Election Act.
However, the banners simply said “No censorship” and did not name or support any candidate or party. This represents a dangerous misuse of election law to criminalize basic social criticism.

2. Welcome Event for U.S. Ambassador Mors H. Tan (July 18, 2025)
Citizens gathered at Incheon Airport to welcome U.S. human rights lawyer and former Ambassador-at-Large Mors H. Tan. Police classified this voluntary gathering as an “illegal assembly” and placed about 600 people under investigation.
Such treatment is in sharp contrast to how fan gatherings for celebrities or athletes at airports are tolerated without issue.

3. Protest in Front of the Chinese Embassy (Reported Aug 19, 2025)
During a rally condemning election fraud, members of a student group supporting former President Yoon tore a banner depicting Xi Jinping and the Chinese Ambassador. Police charged them under “insulting foreign envoys,” a criminal offense.
This shows how political protest is being suppressed through criminal prosecution.

4. China’s Direct Interference and Korean Government’s Compliance

Former Chinese Ambassador Xing Haiming openly demanded that the Korean government “crack down on anti-China forces.”

Chinese state media Global Times warned South Korea against cooperating with the U.S. in shipbuilding, even suggesting that Korea “could face risks” if integrated into the U.S. defense system.

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Billionaires For Socialism: The $2 Billion “Grassroots” Operation Behind Zohran Mamdani

How the Working Families Party sells itself as “grassroots” — with IRS-documented, publicly admitted “common control” revealing it’s really a Soros-financed political money washer.

In New York politics, there’s one machine that towers above the rest. No, not the Democratic Party—it’s the Working Families Party, the most powerful minor party in America. Its name sounds wholesome enough—who doesn’t support “working families”? But behind that branding lies a $2 billion tax-exempt laundromat that’s anything but local, grassroots, or honest.

Take Zohran Mamdani, their current belle of the ball. 

After winning his race, he announced on NBC: “I don’t think we should have billionaires.” Hilarious considering Mamdani’s “grassroots” revolution was fueled by over $2 million in PAC and organizational spending, much of it courtesy of the very billionaire class he allegedly opposes.

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Leftists Still Want To Abolish the Family

Early last month, the Democratic Socialists of America (DSA)sponsored a panel on the family at the organization’s Socialism Conference 2025. The organization described the topic this way: “How should the left relate to the family? Socialist analysis makes clear that the nuclear family form is an inherently repressive, racist, and hetero-sexist institution that functionally reinforces and reproduces capitalism.”

The roundtable featured Olivia Katbi, the co chair of Portland DSA;  Eman Abdelhadi, an assistant professor and sociologist at the University of Chicago; and Katie Gibson, a Teaching Fellow at the University of Chicago.

  • “When we talk about family abolition, we’re talking about the abolition of the economic unit… all of our material needs taken care of by the collective.”
  • “We argue for abolition of the family in general… the institution of the family acts as part of the carceral system.”

Naturally, these leftists partly want to abolish the family because they agree with Marx that the family is a “bourgeois” institution that must be destroyed in order to clear the way for the socialist utopia. Another element of opposition to the family comes from the Left’s bizarre preoccupation with commodifying sex. It is ironic that these “anti-capitalists” seek so vehemently to turn sex into an economic commodity, but this appears to be a key tenet of leftist thinking in recent decades. Thus, they seek to normalize sex work. This is partly because the Left views marriage as a type of sex work itself. After all, the family is “inherently repressive,” and all sex within marriage is essentially rape. It is therefore “progress” to abolish marital sex and replace it with “sex work.”

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Dem House Leader Hakeem Jeffries Loses His Cool When Asked About the Socialist Policies of Zohran Mamdani 

House Minority Leader Hakeem Jeffries appeared on CNBC this week and things got a little uncomfortable when the host pressed him with questions about Zohran Mamdani, the communist that Democrats have nominated to run for mayor of New York City.

Jeffries repeatedly dodged and weaved when asked direct questions about Mamdani’s policies before finally erupting, asking why he was getting questions about someone who is not even mayor yet.

All of the hosts questions were perfectly valid, but Jeffries clearly didn’t want to discuss the issue.

The New York Post has details:

Hakeem Jeffries bristles when grilled about NYC socialist Zohran Mamdani: ‘Not even the mayor’

House Minority Leader Hakeem Jeffries bristled when pressed about Zohran Mamdani Thursday — snapping that he didn’t “understand” why he was being asked about the New York City Democratic nominee.

The New York Democrat, during an interview on CNBC’s “Squawk Box,” had ripped President Trump as being anti-free market over his recent decision to replace the head of the Bureau of Labor Statistics following a bad jobs report.

That prompted host Andrew Ross Sorkin to redirect the conversation to the Big Apple mayoral race, telling Jeffries he didn’t understand how the congressman could be both “an advocate for a free market,” and also possibly support Mamdani, a socialist, as mayor.

“I’m trying to understand why you would spend a significant amount of time asking me about the Democratic nominee who’s not even the mayor,” a visibly frustrated Jeffries shot back.

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The “Libertarians” Who Say the Private Sector Is the Real Threat to Freedom

From its very beginnings in the seventeenth century, the classical liberals (also known as “libertarians,” or, historically, “liberals”) have been primarily focused on limiting the powers of the state. It has been state powers—not the powers of church or family or employer—that has been the great occupation of the classical liberals. After all, the movement was born in opposition to mercantilism and absolutism.

In the classical liberal view, it has always been state power that is fundamentally coercive and violent, and is the greatest threat to freedom and property rights. Moreover, because the state is monopolistic by nature, the state can exercise its powers untroubled by any legal opposition within the state’s territory. As such, the state is the organization that is positioned to most frequently and potently violate the property rights of its subjects with impunity. So, it is not surprising that historian Ralph Raico states that classical liberalism has been historically focused of preventing states from regulating the private sector, also known as “society.” In classical liberal thinking, Raico tells us, “the most desirable regime was one in which civil society—that is, the whole of the social order based on private property and voluntary exchange—by and large runs itself.”McMaken, Ryan

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After millions of taxpayer dollars and months of crippling issues, city-funded grocery store in Missouri abruptly closes its doors

When those who don’t know history inevitably repeat it, the greatest offense is not their profound ignorance (which is seriously painful), but it’s that their obliviousness has real consequences for those of us who know better.

Government by its very nature is, at best, a “necessary evil,” and in its worst state, “an intolerable one.” And, leftist ideologies, like communism, certainly fall under the “worst state” category.Now, after millions and millions of taxpayer dollars and months of issues—like completely bare shelves, a “rancid odor” that filled the store, and rampant crime—one of the nation’s only taxpayer-funded grocery stores has closed up shop, citing circumstances “beyond our control,” offering no further explanation. (Hint: It’s the s**t idea, that’s the circumstance that caused the closure, and it is within control: don’t think like a dummy.)

Have government-run grocery stores ever been tried? Yes, of course.

The Soviet Union had an expansive network…and these were characterized by long lines, empty shelves, and rations. This era of history also includes the Ukraine famine of the 1930s, which saw the starvation of millions of souls after Joseph Stalin collectivized the farms.

Mao’s communist China was responsible for one of the “greatest man-made disasters” in history when his regime bungled food distribution so badly that tens of millions (some estimates put the number upwards of 55 million) of his own people starved to death in what’s known as the Great Chinese Famine.

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CONFIDENT COMMIES: Undercover Video Shows Socialists in Houston Planning to Intimidate ICE, Stop Immigration Enforcement, Posing as ‘Legal Advisors’

An intrepid reporter with the Texas Scorecard has obtained undercover video evidence of out-of-state socialists and far-left activists planning to intimidate ICE and stop immigration enforcement by posing as legal advisors.

In the video, the group uses militant language to clarify that they are at war with the Trump administration: “That’s where we think the real opportunity is, to get organized, because our enemy is really organized.”

The reporter who captured this video, Joseph Trimmer, exclusively told the Gateway Pundit: “Communists are planning to obstruct, intimidate, interfere, and impede law enforcement operations in Houston. I caught their training on camera. I just hope this will get past Pam Bondi’s desk.

The Communists make clear that their goal is to “fight back” to stop lawful immigration enforcement.

From the video:

“…we have to be organized because our enemy is organized, so we too have to be organized. Every day they’re allocating new money in some sneaky way to ICE agents or to the police or whatever. And so this is our goal. We want to build a long-term movement that fights back against deportations, raids, detention, and all other forms of immigration-related terror. We want to use a variety of tactics that we’ve developed together over the next many months.”

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Israel Also Sponsored a Genocide in Guatemala

Known as the “Silent Holocaust,” the genocide in Guatemala is seldom mentioned in modern history.

The United States, with support from Israel, backed yet another violent crusade against an indigenous population as well as against communism.

The Guatemalan genocide — preceded by a C.I.A.-instigated coup d’état of the Guatemalan government in 1954 and the ensuing civil war — saw hundreds of thousands of the Mayan Indigenous peoples and alleged communists massacred or disappeared.

Jennifer Harbury, an attorney, author and human rights activist, witnessed the horrors of the genocidal campaign waged by the U.S.-backed Guatemalan military. Included in these horrors was the torture and disappearance of her husband, Mayan rebel leader Efraín Bámaca Velásquez (known as Everardo) by C.I.A.-backed Guatemalan military officials.

Harbury joins host Chris Hedges on this episode of The Chris Hedges Report to dissect the brutal history of the genocide as well as recount her own experiences, including several hunger strikes in Guatemala and Washington, D.C., that ultimately led to the exposure of the C.I.A.’s complicity in the atrocities.

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