• knfrmity@lemmygrad.ml
      ·
      10 months ago

      No, China is socialist.

      The USA or India are by economy and population respectively the largest capitalist nations.

      • UrbonMaximus@feddit.uk
        ·
        10 months ago

        I'm confused.. Do you know what the terms that you use even mean?

        To get a baseline here.. Do you think France is socialist or capitalist?

        China has been mixed market economy for decades. You were talking about private property ownership. Are you not aware that China has one of the highest home ownership numbers in the world?

        • CannotSleep420@lemmygrad.ml
          ·
          10 months ago

          Someone is inevitably going to link this article here, so it may as well be me: https://redsails.org/china-has-billionaires/

        • frightful_hobgoblin@lemmy.ml
          ·
          10 months ago

          China has been mixed market economy for decades. You were talking about private property ownership. Are you not aware that China has one of the highest home ownership numbers in the world?

          Right.

          And if the user of the home owns it, then it's not being used as capital.

          So it has one of the lowest rates of homes being owned by capital. Good point.