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this post was submitted on 29 Oct 2025
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I think the difference is in the breadth of control they can exert. US buying 10% stake in Intel, bailing out auto manufacturers, giving tax incentives to expedite select industries, etc.. are very similar to Chinese state control, but not identical.
Fair assessment that’s it’s not a true communism, but it mimics the aftermath of a failed communism which is seen over and over, hence the reference.