China - Man loses money in stock market and jumps into steel furnace

[Paul2]

Maybe now many people will begin to dig into history to understand how the Communist Party of China came into existence

It did by saying "Free Land to All Peasants!"

100 years since have passed, and no free land in sight.

 

[CAPRICORN-88]

According to the Constitution and the land laws of China, Chinese individuals cannot privately own land and natural resources. ... The land-use right under the Property Rights Law is a “usufructuary right” that allows the right-holder, the usufructuary, to legally possess, use, and benefit from property owned by another.

Following the liberation of China in 1949, the central government of the People's Republic of China published a Land Reform Law on June 30, 1950. The law abrogated ownership of land by landlords and introduced peasant landownership.

Unsourced material may be challenged and removed. China's Rural Reform (also called Agricultural Reform) was one of the multiple chinese reforms implemented in China in 1978. The reforms were initiated by Deng Xiaoping, the leader of the Communist Party of China at the time.

All I did was just do a simple search and tons of materials turn up. If you are really interested, I advise you to do a similar research before you opined.

The lease and usage of these lands distributed free to the peasants are for 70 years ans they accelerated during Deng Xiaoping era but like in UK, the ownership of land still belongs to the state.

 

[jamahir]

RIP.

What a horrible way to go out. You die and you let your family suffer.

But why blame these two victims when the social and economic system that surrounds them presents to them the stock market and encourages them to do play the market ?

This is similar to the socio-economic system in India where farmers are presented the ridiculous micro-finance system and encouraged to take loans and then the system turns the other way when the farmers are harassed by the micro-finance lenders to the point of suicide.

One such Indian micro-finance company, SKS Microfinance, which has been found to be responsible for many farmer suicides, this company still operates. How ridiculous is that ! At the least the company's management and the field agents should have been jailed.

I agree that the two Chinese suiciders from the OP did the mistake of playing the stock market but why does a stock market exist in a supposedly communist country ? Is this stupid thing what is called "Socialism with Chinese characteristics" ?

and maybe one of the reason why he commit suicide, its almost for certain he get some mental illness like depression.

Let us not blame only the two suiciders. The illness is really of their surrounding socio-economic system. Chinese people should stop and think if this is really what their country's founders wanted.

Desperate people do desperate things at desperate time e.g. In India farmers drank fertilizers to commit suicide to escape the loan sharks.

Agreed. India needs a socio-economic revolution. There is no need for any person to commit suicide for the sake of an artificial construct called money. Goes for China too.

Sad story, but if CN is really "rich" like those CNese here brag, then he may got help from the Govt to save his life.

Base question is why are there rich, middle class and poor in a supposedly communist country ?

 

[Chhatrapati]

I agree that the two Chinese suiciders from the OP did the mistake of playing the stock market but why does a stock market exist in a supposedly communist country ? Is this stupid thing what is called "Socialism with Chinese characteristics" ?

Stock market exist because corporates need to generate more revenue, expand and give employment to more people and making hundreds of thousands of people rich, get Foreign investment into the country etc... etc... India received $60 billion dollars in 5 years because of these exchanges. Communism brought shit and death.

 

[jamahir]

Stock market exist because corporates need to generate more revenue, expand and give employment to more people and making hundreds of thousands of people rich

Rubbish ! The idea should be not to make people compete with each other to become "rich" in comparison with others. The idea should be for all citizens to live a comfortable life which certainly does not involve unnecessary competition and certainly not the system pushing them towards suicide.

Please read this thread of mine where I propose a new economic system which allows people to live comfortably without any socio-economic sadnesses.

get Foreign investment into the country etc... etc

Does USA's economy thrive only on FDI ? Did another superpower, USSR, even allow FDI when that country existed ?

Communism brought shit and death.

Yeah ? So what political system did India have when just between 1995 and 2015 more than 300,000 Indian farmers committed suicide for socio-economic reasons ? Countless more between 1947 and 1995 and many more after 2015.

 

[Chhatrapati]

Rubbish ! The idea should be not to make people compete with each other to become "rich" in comparison with others. The idea should be for all citizens to live a comfortable life which certainly does not involve unnecessary competition and certainly not the system pushing them towards suicide.

Please read this thread of mine where I propose a new economic system which allows people to live comfortably without any socio-economic sadnesses.

No. There should be a balance, nobody can live comfortably because comfort is a broad term, say a person living in a 3BHK will be comfortable if he earns 1Lakh per month, but for someone who lives in a villa earning a million a month will not be comfortable living in a 3BHK flat.

Similarly, someone who lives doing farming earnings around 4-5 Lakh annually in rural India is living comfortably. The idea of comfort and need is beyond your imagination. In economics the first thing we learn is "human wants are unlimited, and resources used to satisfy those wants are limited ".

It's not for Commie monkeys to decide what I should and should not have.

Does USA's economy thrive only on FDI ? Did another superpower, USSR, even allow FDI when that country existed ?

US need not thrive on FDI, they are a developed economy. Although the US receives billions of dollars in FDI and have historically received $4 trillion in FDI. Another Superpower who? USSR disintegrated that's it.

Yeah ? So what political system did India have when just between 1995 and 2015 more than 300,000 Indian farmers committed suicide for socio-economic reasons ? Countless more between 1947 and 1995 and many more after 2015.

Whatever political system India had, farmer suicides will not be solved by communism. Communism is a form of terrorism, the quicker it is eradicated from society the better. See what happened when Communist terrorists were eradicated from regions surrounding Hyderabad? Similarly, wherever development reaches, communism gets eradicated or thrown out. People don't buy your communist coolaid. Instead of convincing me, try to convince the masses who are getting educated day by day and hence the downfall of communism in India.

 

[Zsari]

Does China not have any kind of bankruptcy? If you screw up your money bad enough you're just screwed forever?

China has an enterprise bankruptcy law, no personal bankruptcy law. So remember to incorporate.

Sad story, but if CN is really "rich" like those CNese here brag, then he may got help from the Govt to save his life.

Rich country won't bail you out either unless you are "too big to fail". I almost bought a property unknowingly where a family of 4 committed suicide in the garage.

 

[Viva_Viet]

Base question is why are there rich, middle class and poor in a supposedly communist country ?

Bcs most of communist nations were very poor , we dont have enough money like Swiss yet to share to all people.

So, the Govt allow the people to get rich and then will share their wealth with the poor

Rich country won't bail you out either unless you are "too big to fail". I almost bought a property unknowingly where a family of 4 committed suicide in the garage.

YEs, Thats why Cnese should admit that 600 million Cnese earning less than 140 usd per month having very hard lives. Just stop saying they r all OK.

Even when u earn 15,000 USD per year like this guy , its still not enough to survive in CN.

------------
China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million people whose monthly income is barely 1,000 yuan (USD 140) and their lives have further been affected by the coronavirus pandemic, Premier Li Keqiang said on Thursday.Get latest Economy online at cnbctv18.com

www.cnbctv18.com

.

 

[jamahir]

No. There should be a balance

So millions of peasants, farmers, students and businessmen having committed suicide in India since 1947 because of socio-economic reasons is balance ? How ? In current India someone throwing a stone at a dog will be vilified but some capitalist causing socio-economic suicide of someone will be ignored. What a country !

nobody can live comfortably because comfort is a broad term, say a person living in a 3BHK will be comfortable if he earns 1Lakh per month, but for someone who lives in a villa earning a million a month will not be comfortable living in a 3BHK flat.

For a family of a couple, one child ( ideally female to offset the many idiotic males that abound in India ) and the man's or woman's parents a 3BHK American suburbs style house is good enough, comfortable enough. Anyone wanting to live in a Mukesh Ambani style 27-storey "house" for a family of five is not being logical.

I quote some recollections of Gaddafi during invasion in 2011 by NATO + GCC + other terrorists :

But that was never enough, as some told me. Even people who had 10-room homes, new suits and furniture, were never satisfied. As selfish as they were they wanted more, and they told Americans and other visitors, they needed ‘democracy’, and ‘freedom’, never realising it was a cut-throat system, where the biggest dog eats the rest.

They were enchanted with those words, never realising that in America, there was no free medicine, no free hospitals, no free housing, no free education and no free food, except when people had to beg or go to long lines to get soup.

No, no matter what I did, it was never enough for some. But for others, they knew I was the son of Gamal Abdel Nasser, the only true Arab and muslim leader we’ve had since Salah ad-Din. When Nasser claimed the Suez Canal for his people, as I claimed Libya for my people, it was in his footsteps I tried to follow, to keep my people free from colonial domination - from thieves who would steal from us

Now, I am under attack by the biggest force in military history. My little African son Obama wants to kill me, to take away the freedom of our country: to take away our free housing, our free medicine, our free education, our free food, and replace it with American-style thievery, called ‘capitalism’.

But all of us in the Third World know what that means. It means corporations run the countries, run the world, and the people suffer.

In economics the first thing we learn is "human wants are unlimited, and resources used to satisfy those wants are limited ".

So this economics you are taught just skips over the human tragedies it causes with its every step ? Does a MBA course in India ever mention suiciding farmers and if so what is exactly said ? Does this MBA course get feedback from those MBA field agents and their MBA managers who have directly been the cause of farmer suicide ?

US need not thrive on FDI, they are a developed economy. Although the US receives billions of dollars in FDI and have historically received $4 trillion in FDI. Another Superpower who? USSR disintegrated that's it.

The American military budget for just 2020-21 is 934 billion dollars ! What for ? Who is imminently threatening to invade USA ? Could this money and other resources not have been used to set up a real welfare system in USA ?

In USA too farmers commit suicide because of socio-economic reasons. In the 69 year existence of the USSR did any farmer needed to commit suicide ?

Communism is a form of terrorism

Really ? But the OP of this thread speaks of two people who were so terrorised by the capitalism in their country that they committed suicide in horrific ways.

Whatever political system India had, farmer suicides will not be solved by communism.

The underlined extremely capitalist political system in India has been the cause of farmer and other socio-economic suicides. It will be solved by remaking India into a leftist welfare state.

Below is the Google result for "Communism". What is your objection to such a fine set of ideas ?

Communism is a philosophical, social, political, and economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money, and the state.Wikipedia

See what happened when Communist terrorists were eradicated from regions surrounding Hyderabad? Similarly, wherever development reaches, communism gets eradicated or thrown out.

Maharashtra and Punjab largely do not have Naxalite activism yet they have farmer suicides.

Bcs most of communist nations were very poor , we dont have enough money like Swiss yet to share to all people.

So, the Govt allow the people to get rich and then will share their wealth with the poor

1. What do you mean by "sharing the wealth" ?

2. It's been quite a while that China has grown richer in the capitalist manner yet there are discrepancies like poor Chinese not able to afford healthcare in their country and having to go to India to get treated.

3. If the Chinese system implemented an actual communist economic system ( like the one I have proposed here ) there wouldn't be any necessity for people to be miserable and the system not helping them out.

 

[Viva_Viet]

1. What do you mean by "sharing the wealth" ?

2. It's been quite a while that China has grown richer in the capitalist manner yet there are discrepancies like poor Chinese not able to afford healthcare in their country and having to go to India to get treated.

3. If the Chinese system implemented an actual communist economic system ( like the one I have proposed here ) there wouldn't be any necessity for people to be miserable and the system not helping them out.

1. "sharing the wealth" means when u are rich, u will have to pay more Tax, the Govt use the money from tax to help the poor (building houses, hospital, school etc for the poor ).

pls read more abt Lenin's new economic policy (nep)

New Economic Policy - Wikipedia

en.wikipedia.org

2.Wow, thats New to me, I thought 600 million poor CNese earning less than 140 USD per month are hopeless. How can those poor Cnese to go to India to get treated when they dont even have enough money to survive ??

3. Chinese system is using NEP (pls read from the link above), its just not working well yet bcs CN still have so many poor people while CN economy is falling sharply in Trade war. Million jobs loss, even CN investors like Xiaomi, Luxxshare, auto part suppliers etc also trying to escape from CN to avoid 25% tariff

 

[jamahir]

2.Wow, thats New to me, I thought 600 million poor CNese earning less than 140 USD per month are hopeless. How can those poor Cnese to go to India to get treated when they dont even have enough money to survive ??

A thread on this very forum from last year :

Globaltimes : Chinese patients head to India for latest medicines after domestic crackdown

Chinese patients head to India for latest medicines after domestic crackdown By Agencies – Global Times Source:Global Times Published: 2017/8/28 17:43:39 Last Updated: 2017/8/29 7:42:57 120 Indian private hospitals gaining the trust of Chinese patients ○ More and more Chinese patients are...

defence.pk

---

I will read your other points a bit later.

 

[Viva_Viet]

A thread on this very forum from last year :

Globaltimes : Chinese patients head to India for latest medicines after domestic crackdown

Chinese patients head to India for latest medicines after domestic crackdown By Agencies – Global Times Source:Global Times Published: 2017/8/28 17:43:39 Last Updated: 2017/8/29 7:42:57 120 Indian private hospitals gaining the trust of Chinese patients ○ More and more Chinese patients are...

defence.pk

---

I will read your other points a bit later.

Thanks, but those Cnese going to India to get treated r not belong to the group of 600 million poor CNese earning less than 140 USD per month . They have money and just want to get cheaper drug and treatment cost from India.

600 million poor CNese earning less than 140 USD per month are still hopeless.

Btw, just read and know more abt NEP, its Ok to have the rich in communist nations.

 

[FairAndUnbiased]

Thanks, but those Cnese going to India to get treated r not belong to the group of 600 million poor CNese earning less than 140 USD per month . They have money and just want to get cheaper drug and treatment cost from India.

600 million poor CNese earning less than 140 USD per month are still hopeless.

Btw, just read and know more abt NEP, its Ok to have the rich in communist nations.

140 USD per month is more than Vietnamese (127 USD per month)

Navigos Search - The Leading Recruitment Service In Vietnam

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[Viva_Viet]

140 USD per month is more than Vietnamese (127 USD per month)

Navigos Search - The Leading Recruitment Service In Vietnam

Navigos Search provides recruitment solutions and connects top talents with career opportunities from top employers

www.enworld.com.vn

Okay, but the problem here is that Cnese still jump into steel furnace, even when he earn 15,000 usd/year bcs its still not enough for him to survive in CN, living cost in CN is way too high, so 600 million poor CNese earning less than 140 USD per month is Hopeless.

 

[Zsari]

Bcs most of communist nations were very poor , we dont have enough money like Swiss yet to share to all people.

So, the Govt allow the people to get rich and then will share their wealth with the poor

YEs, Thats why Cnese should admit that 600 million Cnese earning less than 140 usd per month having very hard lives. Just stop saying they r all OK.

Even when u earn 15,000 USD per year like this guy , its still not enough to survive in CN.

------------
China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million people whose monthly income is barely 1,000 yuan (USD 140) and their lives have further been affected by the coronavirus pandemic, Premier Li Keqiang said on Thursday.Get latest Economy online at cnbctv18.com

www.cnbctv18.com

.

The number comes from the Chinese premier, so how is Chinese not admitting that? Consider the statistics is a household average income figuring in 300 million minor, 100 million retired, and 500 million rural population, its not that shocking. Afterall, if the guy earnings 15,000 USB per year and he is the only wage earner in the family of 5 including parents, wife and a child, then the household average income for his family is only 3000 USD a year or 250 USD per month.