Reply to post: State capitalism, not socialism

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Uncle Slacky Silver badge
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State capitalism, not socialism

Socialism at its most fundamental level is about the (democratic) ownership/control of the means of production by the people. What China has, much like the USSR before it, is a form of "state capitalism", albeit in a more flexible form than in the old days.

https://en.wikipedia.org/wiki/State_capitalism#People.27s_Republic_of_China

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