‘Capitalism is all about exploitation’: Chinese state media praises Biden’s demands for gas stations to ‘lower prices’

Chinese state-owned media jumped at the chance to praise comments by President Joe Biden that demanded gas station owners “lower prices” and give up their profits amid skyrocketing gas prices. 

Biden’s reasoning for his demand was that “this is a time of war and global peril.”

Biden rejecting capitalism?

But China’s state-owned media seized on Biden’s words as a rejection of capitalism.

Chen Weihua tweeted in response to Biden, “Now US President finally realized that capitalism is all about exploitation. He didn’t believe this before.”

It was a good point by the Chinese, and nothing that Biden and the Democrats haven’t heard from their critics before.

What is Biden doing?

Democrats have been trying to straddle capitalism and socialism/communism, two completely different worlds, for decades now, and the Chinese finally called them out for it.

If the U.S. is sticking with free-market capitalism, then it will need to let supply and demand set the prices, and do everything possible to increase supply to meet demand.

If the U.S. is going to go to a socialist/communist model, then it would do pretty much what it’s been doing: have the government control supply and prices.

But if that’s really what the Biden administration is trying to do, they are failing dismally while lying to the country about it.

Or maybe socialism and communism just don’t work.

Latest News