2 ms·
State ownership of capital is legal in the US. Basically all economies are at least a little bit mixed. We label them based on whichever principles are predom
by kube-system 3y ago
State ownership of capital is legal in the US.
Basically all economies are at least a little bit mixed. We label them based on whichever principles are predominant.
- kouru225 3y agoCapitalism doesn’t exclude the government from owning capital. Communism does exclude the private ownership of capital.
- kube-system 3y agoYes, but if we want to be that pedantic, we should also specify that Xi is a person and not an economy. The person you replied to above did not say that China has a communist economy, they called Xi a communist. If someone is heavily influenced by Marxist-Leninist ideology, calls themself a communist, and leads a communist political party, it is reasonable to call them a communist.