3 ms·

A bunch of state-run or government friendly companies making money does not make it a capitalist regime.

• maxxxxx 9y ago
  Why? There were property rights and people invested their capital to make money. What else do you need for capitalism?
  • nickpp 9y ago
    Working Markets. In which you are free to enter, free to sell your products and services, free to set your prices, free to purchase or to refuse to. The more regulated and less free a market, the less capitalist and more socialist it is.
    • maxxxxx 9y ago
      That was true for most businesses during the Nazi time and it is true in China now. It was also true during military dictatorships in South America. You can't call all of them socialist or the label loses its meaning.