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> One of the most significant economic revolutions in all human history happened over the last few decades, under a socialist market economy rather than a capit
by Jensson 2y ago
> One of the most significant economic revolutions in all human history happened over the last few decades, under a socialist market economy rather than a capitalist market economy
Where? China is a capitalist market economy, with a bit more state regulations than we have in the west, but they still have investors, billionaires, profits, buyouts, mergers, wage slaves etc. Before their economy went capitalist they remained one of the poorest countries on earth, then when they adopted capitalism that revolution happened.
State regulations are necessary for capitalism to get good results, but its still capitalism.