4 ms·
I'm not sure China can be described as "quasi-capitalist". There's very close cooperation between industry and government in a way that's antithetical to capita
by hexane360 8y ago
I'm not sure China can be described as "quasi-capitalist". There's very close cooperation between industry and government in a way that's antithetical to capitalism. Sure, at the lower levels it functions as a market economy, but the corporations themselves are heavily influenced if not controlled by the state.