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China is banning ‘wealth-flaunting’ behavior on social media (www.nbcnews.com)

submitted 5 months ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[-] zaph@sh.itjust.works 1 points 5 months ago

China is known as state capitalism and it's an unholy blend of central planning and free markets

with the government owning significant stakes in all key industries, exerting a massive control over both the economy and society as a whole

I'm not a very bright person most the time and when an economy is being discussed that multiplies. But how is that a free market by any definition? Or am I completely misunderstanding what you're saying?

this post was submitted on 29 May 2024

224 points (97.9% liked)

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