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“Communism bad”
(lemmy.ml)
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this post was submitted on 28 Aug 2024
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China is extremely capitalist lmao
I'm not fucking defending capitalism or demonizing communism, it's just never worked. I see absolutely zero reason to expect any difference if we tried it in the us
Nuh-uh, Xi pressed the big red communism button and now all the capitalism is gone!
[is joke, obviously that's not how it works]
"It's just never worked" is ignorant though. Every nation that has tried to dump capitalism has has successes and failures, and there are many factors that contribute to each. Economies are extremely complex and you simply can't say anything intelligent without getting at least a bit more in-depth than "works/doesn't work".
China is Socialist with Chinese Characteristics, the CPC practices large and extensive levels of State Planning and the People's Democracy structure means the Capitalists in China do not control nor guide the State.
Capitalism exists in China as a concession, it isn't some fully Socialized state, but it is a transitional economy.
Read China Has Billionaires.