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> And ah yes that global bastion of unfettered capitalism: China. Yes, China is a capitalist country. Putting "Communist" between "China" and "Party" (ie CCP)
by jmyeet 3y ago
> And ah yes that global bastion of unfettered capitalism: China.
Yes, China is a capitalist country. Putting "Communist" between "China" and "Party" (ie CCP) doesn't make it communist anymore than D standing for "Democratic" makes the DPRK (North Korea) a bastion of Democracy (or, for that matter, the German Democratic Republic aka GDR aka East Germany).
China has private companies, private property and an effective if not actual ban on labor organization (ie unions). It is in every way a capitalist country.
> All your "in the US" examples aren't capitalism, they're barely even free markets
"Free markets" are both a myth and orthogonal to capitalism. You mention both "free markets" and "too much regulation". That's neoliberalism (and, for the record, right wing).
Markets only function when there's a strong government to enforce them. Deregulation is merely a way to transfer wealth to the already wealthy, placing the costs for that on the government and the populace at large (eg any number of chemical spills, disasters, poisononing of water sources and so on).