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Countries like China are not capitalist. They may use some aspects of capitalist systems but the political systems there are thoroughly authoritarian communist.
by throwrqX 4y ago
Countries like China are not capitalist. They may use some aspects of capitalist systems but the political systems there are thoroughly authoritarian communist.
- systemvoltage 4y agoWhat are you talking about? China's economy is absolutely capitalist, even modeled in the same way (Shenzhen economic zone akin to Ireland's) with some state intervention as of late. China's adoption of capitalism, as well as post-1991 India, is the precise reason for flourishment and lifting millions of people out of poverty. https://hbr.org/2021/05/americans-dont-know-how-capitalist-china-is https://hbr.org/2021/05/americans-dont-know-how-capitalist-c... What other countries "like China"?