They are still capitalist, but their government is structured in such a way that capitalists are subservient to the government and not the other way around, and they are insanely strict about ensuring it stays that way. It's also illegal to criticize certain core tenants of their version of socialism, and they are quite strict about enforcing that.
That's the plan. A lot industries are also state owned. Once a large enough business in an industry develops, the state tends to seize it. I believe something like 50% of the economy is state owned? I don't remember exact numbers, and things are always changing of course. The government also directly interferes with the economy quite often, only because their decision making process isn't clouded by the influence of capitalists, they don't screw things up by doing so like liberal governments often do.
plus I would rather have a capitalist country that promotes communism and educates people on it, in hopes of transitioning in the future along with suppressing capitalism as it can, than having corporations basically controlling to government like in the us.
They are still capitalist, but their government is structured in such a way that capitalists are subservient to the government and not the other way around, and they are insanely strict about ensuring it stays that way. It's also illegal to criticize certain core tenants of their version of socialism, and they are quite strict about enforcing that.
Ok and that's so they can transtion to socialism once they have built up enough industry?
That's the plan. A lot industries are also state owned. Once a large enough business in an industry develops, the state tends to seize it. I believe something like 50% of the economy is state owned? I don't remember exact numbers, and things are always changing of course. The government also directly interferes with the economy quite often, only because their decision making process isn't clouded by the influence of capitalists, they don't screw things up by doing so like liberal governments often do.
In theory!
plus I would rather have a capitalist country that promotes communism and educates people on it, in hopes of transitioning in the future along with suppressing capitalism as it can, than having corporations basically controlling to government like in the us.
Yeah, Xi has a doctorate in Marxism and routinely purges people he doesn't view as Marxist.
This sounds like a bit
By purge I don't mean kill I meant he kicks out CCP members who don't know their shit
Does have a Marxist degree and cadre training though
That's essentially true in Singapore too, and singapore doesn't consider itself to be communist in the slightest.
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