Capitalism is great, there’s a reason why Russia and China embrace it.

lmfao China does not embrace capitalism even in the slightest, meanwhile Russia’s public sector is almost as big as China’s

Julan Du and Chenggang Xu analyzed the Chinese model in a 2005 paper to assess whether it represents a type of market socialism or capitalism. They concluded that China's contemporary economic system represents a form of capitalism rather than market socialism because: (1) financial markets exist which permit private share ownership—a feature absent in the economic literature on market socialism; and (2) state profits are retained by enterprises rather than being distributed among the population in a social dividend or similar scheme, which are central features in most models of market socialism. Du and Xu concluded that China is not a market socialist economy, but an unstable form of capitalism.

That’s a very liberal understanding of socialism, and explicitly rejects the fact that China is in the beginning stages of socialism, not claiming it’s a higher stage. The large firms and key industries are publicly owned, while the medium and small firms are cooperatively owned, privately owned, or joint-stock. Cheng Enfu made a model to make it easier to understand:

The CCP got into power seventy-six years ago how long does it take to get into the next stage?

It’s gradually increasing, it doesn’t work in spurts or hard lines. There isn’t a “go to next stage” button on Xi’s desk.

Makes sense but seventy-six years is a really long time.

They went from a colonized agrarian country emerging from a civil war to arguably the most developed country on the planet in only 76 years. That’s incredibly rapid progress. Britain has been capitalist for centuries and has been the world hegemonic empire for a good portion of that time, and yet is less developed. If your point is that going from an agrarian economy to where China is today in less than a century is slow growth, then I’d love to hear what passes your impossibly high standards.

There’s four stages, they’ve been in the first for seventy-six years.

Doing the math it seems they’ll need another two hundred and twenty-six years to reach the final stage if they got to the second stage.

I’m not sure if I have impossibly high standards or thinking it’s reasonable to wait another nearly quarter of a millennium might be incredibly low standards.