In 1965 Mao Zedong told China must stateown economy

        Fank Li   July 31 2026

  https://blog.creaders.net/user_blog_diary.php?did=NTU5Mzgx

Recently, the concept of the Death Line has sparked discussion, referring to the increasingly narrow tolerance for economic hardship among ordinary people in America. Once someone falls into a certain danger zone, their credit system, healthcare, housing, and insurance systems are interconnected broken, ultimately "killing" them out of the middle class. Once a respectable office elite may quickly slide into homelessness with just an unemployment, a serious illness, or an unpayable bill.

2025, a interview with a homeless man in the US. He owed $80,000 in medical bill due to his wife's death; made him fell into the Death Line. He choked up and wept when talking about his brief period of happiness.

Many of American street sleepers are not looser but were once elites.

In 1965; Mao Zedong prodictaed Death Line - Monopoly Capitalism

Mao Zedong was the former top leader of China, also was respected as Chairman Mao. Edgar Snow (1905–1972) was an American journalist who was first Western journalist to give an account of the history of the Communist Party of China with book Red Star Over China 1937.

On Jan 9, 1965, Edgar Snow once made a dialogue with Chairman Mao.

Edgar Snow: Chairman Mao, please say a few words to the American people.

Chairman Mao: I wish them progress. If I wish them liberation, some of them might disagree. I wish liberation to those who realize they are not yet liberated and who are experiencing difficulties in life. Americans need further liberation, not from British rule, but from the rule of Monopoly Capitalism.

The fear for the disasters that Monopoly Capitalism will make made China insisted on the state owned economy.

The US hospital made Canadian couple into Death Line

On Nov 18, 2014, an article titled Jennifer Huculak-Kimmel billed $950K US after giving birth in U.S., reported that a Canadian couple was on vacation in the US. The wife unexpectedly gave birth prematurely at the hospital, and after happily returning home with their baby, they received a shocking bill for $950,000. Travel insurance does not cover it, and government medical care does not cover it. America hospital made Canadian couple fall into Death Line.

The PM of Canada Mark Carney told Canadians: “In America, health care is big business – but in Canada, it is a right. Canada will never be America. We must protect and build the institutions that make us strong.” 

It is the government of the US purposefully made Death Line

On Aug 29, 2023, professors at the Boston University School of Public Health published an article titled Missing Americans: Early death in the United States - 1933-2021. The article stated that the 1.1 million people who died in 2021 were missing Americans; because, if the U.S. death rate were on par with other comparable countries, these 1.1 million people would still be alive. The number of missing Americans in recent years is unprecedented in modern history.

The article stated: We waste hundreds of billions of dollars each year on the profits and paperwork of health insurance companies, while tens of millions of people cannot afford for medical care, healthy food, or decent housing. Americans have shorter life expectancies than people do in other countries because politicians always side with corporations when corporate profits conflict with health.

May 14, 2026, I once wrote Why did China insist on the Communist Party centralized, I indicated that capital pooling companies appeared in China's Tang Dynasty (618-907AD); since then all the evils in today's capital market have been playing in China, because successive governments of China rationally restrained the greed of capital, no disasters were caused.

I once read a post who studied economics overseas. He visited the 2700 years old Pingyao city in Shanxi province China; found that the things he spent a fortune learned actually originated in Pingyao city dating back hundreds of years.

Throughout Chinese history, there have been several instances where arable land was distributed equally to farmers. Most people became poor people and tenants on farmland, serving the rich, who in turn maintained a retinue of servants to gain power and confront local governments.

Today, the government has learned its lesson: the land is state-owned and distributed equally to farmers for cultivation; prohibited buying and selling. The major economies are also state owned, such as, finance, banking, energy, transportation, steel, mining, education, healthcare, etc., prevented to be used for exploiting by capital.

Also; in 1988, with the Berlin Wall on the verge of collapse and capitalist countries at their zenith, taking over the world with their cultural and political systems, the 33-year-old Wang Huning was promoted to the youngest full professor at Fudan University. He received an award and spent six months in the US, asserting that allowing corporations take over government functions, excessive commoditization, and rampant liberalism would lead to the erosion of social values and the unsustainability of political systems; which made Wang Huning became an opponent of liberal democracy

As the today’s member of the Political Bureau of the CPC Central Committee, Wang Huning advocating for the power is Communist Party centralized, a state-owned economy dominated market economy for common prosperity, and the suppression of the exploitative capitalist economy's exploitation of the production economy.

But in the West emphasizing the free market economy, everything is used for capital plunder.

1700s, Britain starts industrialization, Capital pools Company emerged, then all the evils in today's capital market have been playing. Company ravaged the Americas, Africa, and Asia. They turned tens of thousands of people into commodities and forced countless plants, animals, minerals, even bacteria and viruses to migrate. From tulips to real estate, from Amsterdam to New Amsterdam, from 1637 to 2008, countless stock market bubbles failed to stop the next adventure.

Capitalism is an economy based on the plunder by capital, not an industrial economy by making life necessaries. It profits through finance, through interest rates, and through the creation of monopolies.

Now, the capital plunder economy of democracies has already destroyed its inventors of the Western countries. For humanity to survive, it is essential to curb the capital plunder and prevent it from destroying production economies.

Private owned economy grants public social resources to be private owned to make profit go to private pocket; thus naked government and then government turns to take hard work people as ATMs to continuously increase their tax burden.

Humanized people must reverse such inhuman behavior; nationalize social resources to create profits as the government fiscal revenue, thereby stopping takes people as ATMs to inhumanly make increasingly difficult life of people into more difficult.

Canada must gradually make the oil field and farmland nationalized to make revenue for government

We must stop the oil field and farmland profiting for individuals and then taking Canadians as ATMs, see my articles:

Apr 12, 2025, State owned economy is only way for human survival: Canada must nationalize social resources to create profits as the government fiscal revenue, rather than beastly takes people as ATMs. 

Oct 02, 2015, Canada Pension Plan must develop in kind base and as key body of state-owned economy: Canada’s oil field & farmland must be used to make profit for all Canadians rather than for individual.

Look at Saudi Arabia

Twice nationalized its oil resources and made their country incredibly wealthy in top all of countries.

Look at Norway

Jan 8, 2014, there is report that All Norwegians become crown millionaires, in oil saving landmark. In 1990, Norway established Government Pension Fund Global to save income from oil for future generations. The Ministry of Finance made the first capital transfer to the Fund in 1996 and then the net cash flow from petroleum transfers to the Fund each year.

Due to that “One day the oil will run out, but the return on the fund will continue to benefit the Norwegian population.” “Oil revenues make it possible for Norway to maintain its welfare system,”

Today; the rational Norwegians created Government Pension Fund Global has invested globally in wide range of fields, even if without oil resource, it is still able to make profits to Norwegian.

Look at Russia

1920s, Soviet nationalizing economy made power rivalry with the West.

1990s, Boris Yeltsin made privatization destroyed the Russian economy.

2000s, Vladimir Putin beat the oligarchs to have renationalized the economy; then stopped Oil and gas private owned of making wealth for individuals, and turned to create wealth for government.

Now, by its single force; Russia is about to defeat the west exhaustedly fueled Ukraine; which actually is the state-owned economy defeating the private owned economy of the west gathered.

Think about that, Putin gets all the incomes from oil and gas sales. 

Look at Canada

Think about our Canada; under idiotic democracy; it has been specially looking for doing stupid. We have the same abundant oil and gas as Russia, but only gets small taxes; cannot get huge profits.