Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
And as for a vanguard communist party coalescing, don’t worry about that. DSA, which is democratic socialist not communist (and likely would never be able to fill the shoes of a vanguard party), is super popular now, and socialism and communism in general are gaining popularity among younger people. The more people who are interested in and study socialism and communism and get organized and involved, the likelier we are going to have more and more people willing to come together and form a competent party. Socialism for All (S4A), a youtube channel that publishing educational videos for people wanting to learn Marxist theory and analysis of current events, has seen exponential growth in subscriptions and engagement in the past ten years, as another example.
And as for a vanguard communist party coalescing, don’t worry about that. DSA, which is democratic socialist not communist (and likely would never be able to fill the shoes of a vanguard party), is super popular now, and socialism and communism in general are gaining popularity among younger people. The more people who are interested in and study socialism and communism and get organized and involved, the likelier we are going to have more and more people willing to come together and form a competent party. Socialism for All (S4A), a youtube channel that publishing educational videos for people wanting to learn Marxist theory and analysis of current events, has seen exponential growth in subscriptions and engagement in the past ten years, as another example.