Why China’s socialist economy is more efficient than capitalism | MR Online
mronline.org
The difficulty the U.S. faces in its current attempts to damage China’s economy was analysed in detail in the article “The U.S. is trying to persuade China to commit suicide”. Reduced to essentials, the U.S. problem is that it possesses no external economic levers powerful enough to derail China’s economy.
  • @ImOnADiet@lemmygrad.mlEnglish
    6•11 months ago

    For theory classification: is what really separates chinas market economy from like the nordic companies (besides the imperialism), the control the party still maintains over capital and capitalists?

    • ☆ Yσɠƚԋσʂ ☆OPEnglish
      6•11 months ago

      Correct, all the core economy in China is publicly owned, and capitalists are not the class that holds power. Nordic system is a capitalist economy with generous social services.