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Top-level
@yogthos China is effectively managed capitalism, the CPC is made up of billionaires, China is also America's biggest trading partner, Most transnational corporations have large investments in the chinese economy. It's capitalism, but instead of a liberal democracy they have a one party system. Not that complicated. 5 comments
@yogthos we do see the same things happening in china as other capitalist countries, there's currently a housing crisis do to schumbag landlords and developers, workers unions are repressed, sometimes violently, the rich get richer the poor get poorer, there's also the turn towards nationalism and cultural conservatism.  @lagunacafe no we absolutely do not see same things happening in China as other capitalist countries. Here's what we actually see happening: https://www.currentaffairs.org/2019/07/5-myths-about-global-poverty https://www.cgdev.org/blog/12-things-we-can-agree-about-global-poverty @lagunacafe |
Gregory's Server
@lagunacafe China is not effectively managed capitalism, or anything close to it. All the essential industry in China is state owned, it's governed by a communist party, and it demonstrably does not act like a capitalist country.
If China was capitalist then we'd see the same things happening there that we see happening in actual capitalist countries.
India is a perfect example of what capitalist path of development looks like.