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How is it ridiculous? According to Lenin socialism is "state-capitalist monopoly."[0] [0]: https://www.marxists.org/archive/lenin/works/1917/ichtci/11.htm http

• gnulinux 8y ago
  E.g. Ma is a capitalist and is not the state. So there is no state-capitalist monopoly in China. Surely, there are some Chinese industries where this is true but e.g. in Norway oil industry is owned by the state, but does anyone think Norway is communist? The truth is, the State is a very integral part of capitalism. Both regulation and state-funded industries are an important part of capitalistic economies. The degree at which we allow this (from almost none to a lot) is a political question. In a fundamental level, Chinese government allows some people to have private property and to accumulate wealth i.e. it is capitalism.