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The Soviet Union was a socialist state: that was the word they used to describe themselves. It was ruled by the Communist Party, which has nothing to do with th
by philipov 3y ago
The Soviet Union was a socialist state: that was the word they used to describe themselves. It was ruled by the Communist Party, which has nothing to do with the economic or political system the country followed. The best word to describe China's economic system is Mercantilism.
- kube-system 3y agoI believe, academically, the phrase used to describe China's economy is "socialist market economy". However, that doesn't preclude calling Xi a "communist", as the other commenter did above. A person is not the economy, and I think there is plenty of evidence to conclude that Xi is worth of the label.