• Riverside@reddthat.com
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    9 hours ago

    China has fully embraced it

    Weird, then why are there no fascist parties in China like in the capitalist west? Why was China able to lift 800mn people from poverty in 30 years? Why has China become the manufacturer of 95% of photovoltaic modules in the planet against the interests of the capitalist fossil fuel lobby? Why has China not engaged for 50+ years in wars like the US, EU and Russia? Why does China not engage in imperialist extraction and plunder from the global south like capitalist countries? Fucks sake, ask Chinese people in which system they live. You can also ask Laotians, Vietnamese, Cubans…

      • Cowbee [he/they]@lemmy.ml
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        5 hours ago

        I’ve explained before, but no, China is not capitalist. Public ownership is the principal aspect of the economy, it governs the large firms and key industries and dominates the overall character of the economy. Private ownership exists, but is secondary to that, filling in the gaps left behind by the huge state driven industries in secondary and underdeveloped areas, and is folded into the public sector as it grows. The capitalist class is not allowed to gain political power, and the working classes control the state.

      • Riverside@reddthat.com
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        6 hours ago

        Whataboutism is changing the topic, mate, I’m giving the reasons why China is actuslly not a capitalist country, it’s a mixed socialist economy.