Subject: China is socialist because the government controls the market.
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Posted on: 2022-08-31 21:05:52 UTC

The government decides what industries get more funding and what regulations the industries abide by. It’s just got some capitalist elements because individuals can make their own companies under those blanket regulations, and they can get funding for it from the state.

To be more accurate, China is one party authoritarian socialism trying to do capitalist cosplay because the last time it implemented full state control of everything it lacked the infrastructure needed to support everyone, and lots of people died/starved.

~Lily, who is Not Mad and doesn’t want to start another reply chain, but is Chinese and has been back to China in… oh, January 2020.

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