this post was submitted on 24 Feb 2024
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It's not supposed to be an own either way, the comrade I was replying to just wanted vaguely Asian cyberpunk.
The PRC is a (generally) state capitalist economy that's broadly on a trajectory towards socialism. That means it has to accept a level of inequality and excess. That being said, you are right that constant vigilance is necessary against corruption and opportunism.
In my opinion, the end result of socialism is not a society where luxury goods do not exist but rather one where luxury goods reasonably reflect their cost of production and the proletariat can easily afford them. A $2000 Gucci bag has maybe $200 of labor and materials in it, so strip away the marketing and shareholder parasites and even with a better paid workforce it's still reasonably affordable.