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Even "Communist" China now has a capitalist economy. :) But they don't have a Democratic government. What should we call that? Totalitarian Capitalism? "wigg
by lebuffon 6y ago
Even "Communist" China now has a capitalist economy. :)
But they don't have a Democratic government.
What should we call that? Totalitarian Capitalism?
"wiggle room" Exactly right.
I liken it to a control that you can turn to the left or the right. There are an infinite number of degrees in between.
My life experience seems to indicate that the control must be continuously tweaked, like a servo control, to keep a country working. Lock it one place and the system runs out of control.
Side bar hypothesis:
Perhaps democracy works merely by chance in that it jerks the control back and forth never allowing a stationary position. (?)
- flohofwoe 6y agoIn Germany I've seen the term "Staatskapitalismus" used for the Chinese system (== state capitalism).
- ModernMech 6y ago> What should we call that? Totalitarian Capitalism? It's typically referred to as "state capitalism" https://asiatimes.com/2020/08/socialist-or-capitalist-what-is-chinas-model-exactly/ https://asiatimes.com/2020/08/socialist-or-capitalist-what-i...