Reply to post: State capitalism, not socialism

Like Uber, for socialism: Chinese leader calls for more use of AI, big data and sharing economy

Uncle Slacky Silver badge

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.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon