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It seemingly works because China flipped away from communism to something more like corporatism/fascism.
by throwaway422432 1y ago
It seemingly works because China flipped away from communism to something more like corporatism/fascism.
- NoGravitas 1y agoNo, not exactly. Under corporatism/fascism, the capitalists have control of the levers of the government. Under Socialism With Chinese Characteristics, that's basically the one thing the capitalists are never allowed to get. Money is blocked from translating into political power, which lets the government make long-term plans.