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According to the CIA factbook, China is a communist state. https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html#Govt https://www.cia.gov/li
by kingnothing 19y ago
According to the CIA factbook, China is a communist state.
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html#Govt https://www.cia.gov/library/publications/the-world-factbook/...
- nostrademons 19y agoThat entry is under "Government Type", not under "Economy". The relevant passage from the Economy section is "China's economy during the last quarter century has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy." This may be confusing, because communism is both a political and an economic system. China could best be described as a one-party communist state with a free-market capitalist economy. However, the article is the economy, not the government. These complaints wouldn't be an issue if China was really Communist - the recent uproar has been about a lack of government regulation in product manufacturer, while a truly communist government would manufacturer all the goods itself.
- rms 19y agoDon't forget that the Chinese government has a minority stake in many major Chinese companies. This is a kind of partial communism, at least.
- nostrademons 19y agoSo does Warren Buffett, but you wouldn't claim that the Chinese economy is partial Buffettism, eh? ;-)
- rms 19y agoI think it would only be Buffettism if Warren Buffett was one of the Chinese oligarchs...