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Countries where people are losing faith in capitalism. (thelemmy.club)
submitted 3 weeks ago by to c/usefulinfographics@lemmy.ml
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[–] 3 points 3 weeks ago* (1 child)

I agree that China is not state capitalist, it very much is socialist. But I'd argue they use capitalism as a tool (not as an ideology).

I.e., use capitalist modes of market development to socialize production in new markets. Then socialize the capital after that's established. I see this as one of the ways they've developed their light industry sections

I'm gonna be honest, I haven't read all of your links, we may very well be mostly agreeing

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  • [–] 2 points 3 weeks ago (1 child)

    We need to detangle "markets" from "capitalism," just like public ownership in capitalist economies is not "a slice of socialism." Economies are deeply interwoven and support the principal aspect of the economy, this is what determines identity. The US is not a socialist economy for having a public sector, nor is this public sector a socialist sector. There are private and public sectors, what determined the identity is the principal aspect, as well as the class that dominates the state.

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  • [–] 1 point 3 weeks ago

    Yes I agree, when I said markets I was thinking of, eg, EVs. Where China lets private companies compete and expand in a very (imo) capitalistic fashion to create the market for EVs itself. If China continues to be socialist they'll socialize the capital when it is developed "enough"

    This doesn't mean China is capitalist, they are using it.

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