Re: Socialism with Chinese characteristics
In a sense, yes. Go back and look at Mao and the various leaderships. They lived in the lap of luxury whilst the citizens struggled. I think North Korea has this flavor of Socialism.. err.. Democracy since it's in their name. Pure capitalism in many ways. Competition has been ruled out and monopolies are the order of the day. The rich and powerful hang onto the power while maximizing their profit. And there's no "shareholder value" to be shelled out.