3 ms·

socialism is not business unfriendly. china is super business friendly

• cmrdporcupine 7y ago
  You're confusing socialism with 'government involvement' -- admittedly a mistake many Americans seem to make. 'Socialism' in the classical sense is definitely business unfriendly. Its foundation is a critique of private ownership of factories, workplaces, and other 'means of production' Socialism means social management of the economy. That need not involve the state at all. And it may not describe China at all, depending on your definition of 'social', regardless of what the Communist Party says about itself. "Socialist" certainly does not describe Singapore, which neither calls itself socialist, nor acts socialist.
• H4t5YVm4aP 7y ago
  "Socialism is when the government does things"
• imtringued 7y ago
  China took off as soon as they added capitalistic laws.