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None of those countries are communist. They have large social welfare states, and tax rates that might push 50%, but essentially rely on the free market for mos
by pzone 9y ago
None of those countries are communist. They have large social welfare states, and tax rates that might push 50%, but essentially rely on the free market for most economic decisionmaking.
In many ways China is closer to pure capitalism than most countries on the planet. The vestiges of "socialism" primarily live on in their authoritarian government, restrictive social policies, financial repression and massive state-owned-enterprises. China is slowly moving away from the latter two as their massive problems are uncovered.
- smt88 9y agoI wasn't talking about communism. > authoritarian government, restrictive social policies, financial repression and massive state-owned-enterprises None of these are key tenets of socialism as the article formulates it. As I've said elsewhere, historical socialism is not the socialism anyone is advocating. No one is suggesting Stalinism.