GuFeng: Xi Jinping’s Economic Thought and Chavismism

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Image provided by author  June 21, 20220

On June 20, 2022, the book “Study Outline of Xi Jinping’s Economic Thought” organized by the Propaganda Department of the Central Committee of the Communist Party of China and the National Development and Reform Commission has been jointly published by People’s Publishing House and Learning Publishing House and distributed nationwide. Seeing this news, I can’t help but remind the author of the former Venezuelan President Hugo Chavez, who was in power for 14 years and made a beautiful and rich Venezuela a miserable life for the people. During this period , directed and acted by Chavez , he not only came up with a so – called ” Chavez Doctrine ” , but also a ” Socialism in the 21st Century ” . Compared with Xi Jinping, the two clearly have many similarities.

How did Chavez turn rich countries into poor countries?

In the modern history of the world, there have been four dictators who turned rich countries into poor ones. They are former Venezuelan President Chavez, former Zimbabwean President Mugabe, former Argentine President Peron and Chinese President Xi Jinping. Among the four, Chavez and Xi Jinping have the highest similarity in their governing philosophy.

Chavez, the former president of Venezuela, was elected president of Venezuela in a coup in 1999 until his death in 2013.

Before he became the leader of Venezuela, Venezuela was a very wealthy country, known by the Western media as Little Venice, but after he took power, Venezuela’s economy plummeted. Take the US dollar against the Venezuelan currency as an example: in 1999, 1 US dollar can be exchanged for 5.191 yuan in Bolivar (Venezuelan currency); in 2013, 1 US dollar can only be exchanged for 64.1 yuan in bolivars, and more than 90 yuan in the black market can be exchanged for 1 US dollar.

Before Chavez died, he actually handed over the Venezuelan stall to his driver Maduro. By 2018, 1 US dollar can be exchanged for 249,000 bolivars, and ATMs can only insert cards and cannot spit out money. 100,000 bolivars can only buy half an egg. Under Maduro, Venezuela has experienced severe shortages of food, various living materials and medicine ; infant mortality has risen ; more than 3 million refugees have fled their homes; violent crime rates have become one of the highest in the world ; . By 2020, it will take 3 million bolivars to convert to 1 dollar, and it will cost 2 million bolivars to buy 1 egg. The printing fee of the currency is much higher than the value of the currency itself, and the national credit has completely collapsed.

Why would a good Venezuela do this? In fact, the root cause still lies in Chavez. After Chavez came to power, politically, he carried out a cult of personality, carried out Chavismism, carried out personal dictatorship by amending the constitution, carried out socialism in the 21st century, used anti-corruption to crack down on aliens, deprived courts of independent judicial power, A large number of cronies are installed in Congress, power is greater than the law, public opinion institutions are strictly controlled, nepotism is carried out, and political stability is maintained.

Diplomatically, he campaigned against the Communist Party of the United States, forming alliances with anti-American countries such as China, North Korea, Zimbabwe, and Cuba; and decoupling from the United States politically and economically.

Economically, he first nationalized private enterprises to create a public-private mixed system, and later he engaged in nationalization campaigns, indiscriminate issuance of currency, equal distribution across the country, chasing out foreign-funded enterprises, government restrictions on market prices, unified purchases and sales, and government monopoly Material supply and government subsidies.

After Chavez’s death, Maduro continued Chavez’s concept of governance in politics, diplomacy and economy. He not only fully introduced the CCP’s stability maintenance model, but also sold the country’s resources at a low price in the futures trading model. By 2021, Venezuela’s resources such as oil and minerals have been sold almost entirely to keep the government afloat. Today’s Venezuela can be described as a poor bureaucrat, and the people are in dire straits.

How did Mugabe turn rich countries into poor countries?

Mugabe of Zimbabwe is also a dictator who has turned a rich country into a poor country. In 1980, Zimbabwe officially became an independent country, and Robert Mugabe was elected as the president of Zimbabwe. Due to Mugabe’s corruption and incompetence, Mugabe was forced to step down in November 2017 due to a military coup .

Before Mugabe came to power, Zimbabwe was called the diamond of the British crown by the Western media. It was the vegetable basket of Africa, and there was too much food to be eaten. Every year, a large amount of materials were exported to African countries. Besides agriculture, the industrial system also relatively complete. In southern Africa, Zimbabwe was second only to South Africa, when the Zimbabwe dollar was one to one with the U.S. dollar.

After Mugabe came to power, he first forcibly confiscated land and businesses in the hands of whites. Because of poor management, factories and farms soon closed down, and social wealth also plummeted. In addition, because of the forced confiscation of white property, they were jointly sanctioned by Western countries. For this reason, the life of the Zimbabwean people began to be difficult.

After Mugabe’s tossing, Zimbabwe’s national economy collapsed, prices skyrocketed, living materials were in short supply, and the currency depreciated wildly. Today, 100 billion Zimbabwe dollars are less than one dollar, and people’s lives are in dire straits.

From the perspective of Mugabe’s concept of governing the country, politically, he pursued Marxism and took the road of socialism. Arbitrary nepotism and large-scale political stability.

Diplomatically, he campaigned against the U.S. Communist Party, forming alliances with dictatorships such as China, Venezuela, North Korea, and Cuba; politically and economically decoupling from the United States.

Economically, he first nationalized white enterprises, issued currency indiscriminately, promoted bureaucratic privileges, achieved equal distribution across the country, drove out foreign-funded enterprises, and monopolized the supply of materials by the government.

As Mugabe learned from China’s Mao Zedong politically, diplomatically and economically, he eventually turned a wealthy Zimbabwe into a beggar state.

What are the similarities between Xi Jinping and Chavez?

Xi Jinping is an admirer of Chavez. On July 22, 2014, when Xi Jinping visited Venezuela, he also made a special trip to the Chavez cemetery to worship. At the worship site, Xi Jinping said to accompanying officials from China and Venezuela: “Chávez is a charismatic leader, a great friend of the Chinese people, and a good friend of mine. I have met Chávez twice, In him, I deeply appreciate the superiority of socialism in the 21st century, and I still remember the scene of our meeting at that time. I am very happy to see that the Venezuelan government and people have inherited his cause.” It can be seen how much Xi Jinping admires Chave. s.

Politically, Xi Jinping pursues Marxism-Leninism, takes the road of socialism, centralizes power through anti-corruption, engages in personality cults, engages in one word, and pursues lifelong rule through constitutional amendments, combats aliens through anti-corruption, promotes the party above everything else, and promotes the party’s leadership in the country. Forcibly promote Xi Jinping Thought, put power above the law, set up the CCP’s privileged institutions, strictly control public opinion, force citizens to have a second child, comprehensively suppress religious organizations, violate human rights, establish a system for maintaining stability, block public opinion channels by maintaining stability, and privatize the country’s military. , large-scale expansion of party organizations, large-scale expansion of spy agencies, large-scale expansion of police power, large-scale use of high-tech to conduct national surveillance, large-scale militarism, large-scale political commandeering campaigns, large-scale expansion of network navy, large-scale development of biological and chemical weapons and Nuclear weapons, massive increase in military spending, nepotism in the party, construction of concentration camps in Xinjiang, and spies in Hong Kong to manage Hong Kong. Compared with Chavez, Xi Jinping can be said to be better than the blue.

In terms of diplomacy, Xi Jinping pursues the diplomatic line of uniting Russia and resisting the United States; joining forces with dictatorships such as North Korea, Iran, Venezuela, Cuba, and Africa; competing with the United States for world hegemony around the world by throwing money around the world; The “Thousand Talents Plan” steals the scientific and technological achievements of Western countries; uses Confucius Institutes to develop espionage organizations around the world; uses overseas Chinese groups to interfere in other countries ‘ internal affairs; uses large foreign propaganda media to infiltrate the world ; The AIIB” attempts to isolate the United States; uses Chinese students and overseas Chinese groups to establish party organizations in various countries; uses “wolf warrior diplomacy” to engage in international hegemony; engages in hostage diplomacy in the international arena; Bribe UN officials; colonize Africa with government aid, etc. Compared with Chavez’s harm to his own people, Xi Jinping not only harms his own people, but also harms people all over the world.

Economically, he has engaged in a public-private mixed system, attempted to restore the planned economy, indiscriminately issued currency, leading to skyrocketing prices, used forced expropriation and forced demolition to expand the real estate economy, used financial stability to maintain exchange rates, used housing market stability to control housing prices, and added property taxes across the country. Restoring supply and marketing cooperatives, kidnapping private entrepreneurs through anti-corruption efforts, massively reducing the scale of private enterprise loans in banks, restricting the free flow of funds between private enterprises and individuals, establishing party branches in foreign-funded enterprises and private enterprises, robbing private enterprises and benefiting the party, borrowing the Internet Finance drains private wealth, and uses various political movements to force foreign-funded enterprises away.

As a result of Xi Jinping’s political, diplomatic and economic perversions, the treasury has been emptied, the local government has been indebted, the country’s credit has gone bankrupt, a large number of small and medium-sized banks have closed down, a large number of powerful people have fled the country, foreign businessmen have fled, a large number of manufacturers have closed down, social unemployment has hit a record high, The national purchasing rate plummeted and the household debt ratio plummeted. Facts have proved that China has changed from a global economic power to a global indebted power.

Closing remarks:

The ideas and doctrines advertised by dictators are all pretences used to deceive the world. So did Xi Jinping, and so did Chavez. Dictators often say one thing with their mouth, think another in their heart, and do another in their hands. It can be said that good things are said and bad things are done.

Compared with Chavez, Xi Jinping Thought is more harmful than Chavezism, and he has more and more absolute ways to turn a rich country into a poor country. It can be predicted that if Xi Jinping continues to be re-elected, within five years, China will be poorer and more chaotic than Venezuela.

(This article only represents the author’s personal views and positions, please indicate the source for reprinting, thank you)

Chinese original URL:

古风:习近平经济思想与查韦斯主义