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submitted 1 month ago by Confidant6198@lemmy.ml to c/memes@lemmy.ml
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[-] Cowbee@lemmy.ml 18 points 1 month ago

China has a Socialist Market Economy. Large firms and key sectors like steel and banking are nearly entirely under public control, while there are a large number of self-employed people. They actually have a falling number of billionaires in the last couple years.

As for worker conditions, Europe is Imperialist and many European countries act like landlords, and China is still a developing country, though rapidly developing.

this post was submitted on 15 Mar 2025
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