I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I'll put it in the comments.
I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I'll put it in the comments.
Why are they a mixed economy and not just a socialist market economy? Or does the latter mean the former and I'm a dope
Both are correct. I spose the latter is more talking about how goods are distributed(via a market), whereas mixed economy refers to ownership and the form of surplus (both socialist and capitalist). China undeniably has capitalist companies, but the state and state-owned enterprises are dominant in every industry, must adhere to the plans set out by the state, etc.
Because like 60% of their economy is on owned and centrally planned.