As more of a maoist i would not say China today is socialist with those billionaires owning stakes in those chinese companies and influencing the state to have this high income inequality there now and not offering everybody a job as they used to under mao etc.

I agree. I literally called them out to you as degenerating into state capitalism. All authoritarian governmental structures tend to degenerate along similar lines. With all gains pooling at the top never reaching the people that created them. I will acknowledge that I believe that Lenin and Mao had good intention. The problem is the road to hell is paved with good intentions. They failed to understand and account for very basic behaviors of human nature. For all the things that capitalism gets wrong at least they not only understand it but have actually embraced it. Giving up all pretense. That’s the real danger of ml governments as opposed to capitalists. Capitalists are raw and naked about their ambition. Which makes it a little easier to recognize their deficiencies and occasionally counteract them. Whereas ml lie to the face of their people that everything they do is in the name of the people.

Unemployment as we measure is a poor measure of anything. And not something to cite. Calling enequality similar to the Gilded Age as not untenable is extremely ignorant. It’s after all was one of the driving factors behind The surge of socialism in the United States. Right now the truth is many people are over-employed and still not making enough to afford the basics our societies should be providing. China like all of them is dangling untenably over a precipice. There are plenty in rural areas that the central government has done very little for overall. And a large number of young people growing disillusioned and dissatisfied with the unanswerable government they are being saddled with. All it’s going to take is another unplanned hiccup or two. Another couple pandemics. And shit will likely hit the fan all over.