lol, this is a seriously terrible take. They are capitalist, full stop. How in gods name can you claim they're communist? They have private enterprise, free markets, class, private property. They are capitalist.
Seems like they're as capitalist as they need to be to build deterrence and avoid outside interference. Declaring themselves explicitly communist and behaving that way 100%, with economic success, would have been too much of a threat and too easy to unite against.
Something interesting from a recent (lib) Sinica pod: Capital funding for business and industry from the banks very much follows central policy objectives/directions rather than market forces. Any failures are absorbed by the heretofore (I'm leaving it in) growth in the system. Sometimes ostensible failures on a local or regional level can continue to be funded if they are perceived to have a national benefit, a characteristic you don't often see in free market systems.
lol, this is a seriously terrible take. They are capitalist, full stop. How in gods name can you claim they're communist? They have private enterprise, free markets, class, private property. They are capitalist.
Seems like they're as capitalist as they need to be to build deterrence and avoid outside interference. Declaring themselves explicitly communist and behaving that way 100%, with economic success, would have been too much of a threat and too easy to unite against.
Something interesting from a recent (lib) Sinica pod: Capital funding for business and industry from the banks very much follows central policy objectives/directions rather than market forces. Any failures are absorbed by the heretofore (I'm leaving it in) growth in the system. Sometimes ostensible failures on a local or regional level can continue to be funded if they are perceived to have a national benefit, a characteristic you don't often see in free market systems.