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There are definitely still some communist elements there, like large state owned enterprises and a very controlling/authoritarian government. But some of the k
by analyst74 11y ago
There are definitely still some communist elements there, like large state owned enterprises and a very controlling/authoritarian government.
But some of the key definitions of capitalism is quite entrenched in the society:
- means of production are privately owned
- profit-motive
- market-driven economy / competition
- inequality
- minimal government interference
China definitely does not fit all the hard-core capitalism definitions, especially the minimal government interference part, but it's closer to a capitalist economy than a communist one.
Lastly, no, the state does not guarantee employment, that has not been true for at least 30 years.
- wooter 11y agoinequality as part of the definition of capitalism? talk about intellectual dishonesty. has inequality gone up or down since when China had more "communist elements"?
- contingencies 11y agoYou ask a question that was already answered: inequality is entrenched in society. Yes, it has obviously gone way up during and since the transition from traditional communism, when almost everyone was pretty much equally Mao-suit + rice + red-book poor.