Socialism

Argentina's President Javier Milei leaves surrounded by media after delivering a speech at the World Economic Forum (WEF) meeting in Davos on 17 January 2024. (Fabrice Coffrini/AFP)

President Milei: Argentina is proof that collectivism does not work

In his recent speech at the World Economic Forum, Argentina’s President Javier Milei pointed out that collectivist experiments are never the solution to the problems afflicting the citizens of the world, but are, on the contrary, the cause. Commentator Jin Jian Guo takes a closer look at Milei’s criticisms and assertions.
A participant wearing a hat with a national flag waits before the Beijing Marathon, at Tiananmen Square in Beijing, China, on 29 October 2023. (Tingshu Wang/Reuters)

Can Silicon Valley offer Chinese socialism a window into the future?

EAI senior research fellow Lance Gore believes that a new wave of socialist realism is surfacing from the capitalists of Silicon Valley, the bastion of capitalism. This form of socialist realism is characterised by a complete rejection of the old socialism and a belief in efficiency as the source of common prosperity. China can learn from Silicon Valley socialism; it is high time for China to shift into new socialism based on China’s realities under the guidance of “first principles”.
Vietnam's Prime Minister Pham Minh Chinh (right) and the China's President Xi Jinping (left) wave to the media during their meeting at the Government Office in Hanoi on 13 December 2023. (Nhac Nguyen/AFP)

Vietnam’s firm but flexible balancing act between China and US

Evidently caught between the two major powers, Vietnam has shown adept skill at diplomacy in recent years, along with its soft handling of China and the US, allowing Vietnam to benefit from both sides even amid geopolitical conflict. Lianhe Zaobao associate editor Han Yong Hong takes us through how Vietnam uses "bamboo diplomacy" to develop and reassure its diplomatic relations.
A child sitting on a man's shoulder takes a picture as she visits the Bund waterfront area in Shanghai, China, on 5 July 2023. (Wang Zhao/AFP)

Is China’s good fortune reversing?

Whether China can prove naysayers wrong and keep up its good national fortunes depends on solving old problems associated with restarting the mechanisms of the Soviet Union model, and tackling new problems arising from successful development.
People walk past a screen showing a Chinese national flag at a shopping mall in Beijing, China, on 26 May 2023. (Jade Gao/AFP)

The utopian post-capitalist world we can create with AI

Today, China faces almost the same set of problems that the capitalist states are struggling with. In a post-capitalist world where an entire demographic degenerate into the “useless class”, capitalism will lose the market on which it depends. EAI senior research fellow Lance Gore imagines what this could mean for the Chinese Communist Party and other advocates of the socialist path.
People walk past photos of Chinese President Xi Jinping at the Museum of the Communist Party of China in Beijing, China, on 3 March 2023. (Greg Baker/AFP)

Can China move away from a 'small society mentality' and build a sustainable big society?

Capitalist and socialist societies are faced with the same universal conflict between power and self-interest on the one hand, and fairness and justice on the other. As socialism seeks to reclaim the “better angels of our nature”, as mentioned by former US President Abraham Lincoln, the contemporary mass society that results may be a worthy alternative to a democratic system on the point of collapse. But can China achieve this goal?
Alibaba founder Jack Ma visits Hangzhou Yungu School in Hangzhou, Zhejiang province, China in this handout picture released on 27 March 2023. (Hangzhou Yungu School/Handout via Reuters)

Jack Ma has returned but Chinese entrepreneurs will still have a hard time

Jack Ma’s recent return to China has made waves and offers some hope for the revival of the entrepreneur class in China. But this group of people have never shaken off their dual identity as entrepreneur-capitalists. With the rise of a group of diehards romanticising the glory of past eras, entrepreneurs, and in turn the development of China’s market economy, face obstacles.
Members of the People's Armed Police stand guard near the Bund in Shanghai, China, on 28 February 2023. (Qilai Shen/Bloomberg)

CCP's official ideology may be hampering China's rise

Despite the CCP’s efforts at arriving at new answers with socialism with Chinese characteristics, fundamental issues since Deng Xiaoping’s time and new issues of this era have not been solved. Maybe it is time to recognise that ideology for party governance may not be the best fit for national governance, says EAI senior research fellow Lance Gore. Instead, what is more effective could be constant innovation and seeking common understanding with the people in adherence with common human values.
Children share candy floss as they visit a hutong (alley) in Beijing, China, on 31 January 2023. (Wang Zhao/AFP)

Population decline could be a good thing for China

Population decline can actually bring multiple dividends, contrary to popular belief, says East Asian Institute senior research fellow Lance Gore. Instead of looking for solutions to economic crises and population decline that are capitalist in nature and do not address the root causes, this is an opportunity to explore how socialism in China can deliver solutions that turn crisis into opportunity.