> What would you even call their socioeconomic system? They're not exactly doing neoliberal capitalism, their government is far too involved for that. They're n

> What would you even call their socioeconomic system? They're not exactly doing neoliberal capitalism, their government is far too involved for that. They're not socialist, they've got free enterprise galore. What you’re describing is state capitalism, which is largely what the economic system is in China, Russia, and to some degree in the US. It’s where the government intervenes in the economy and controls critical corporations and industries