Interesting article. But China is by no means communist, although they have a plan economy. There is no free market anywhere anyway, capitalism has always been a cooperation between state and private capital. Free markets have never existed. How do you avoid monopoly? The only solution is to move beyond trade and the monetary system, and embrace a post-scarcity system.
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Uh, yes, they are. Have been for a half century plus. They call themselves communist and they operate as a state run monopoly. Perhaps you need to educate yourself to the meaning of the word.
China has what they define as a socialist market economy, not very different from social democratic systems in Scandinavia, without the democracy. Its just capitalism with more state control than most countries.
Thanks for your highly insightful comments. Capitalism has only one defining feature, the means of production are privately owned. Seriously, you've made your point. We disagree on the meaning of capitalism. I'm sure you're smarter than me.
It's a sliding scale. There are no states without both private and public ownership. When the state owns big parts of the means of production, but allows private enterprise,and runs the whole country as a corporation, that is state capitalism.
https://en.m.wikipedia.org/wiki/State_capitalism
Which, I am arguing is a poor bastardization of the word "captialism" which does not allow for state owned production. It creates a bad understanding of the concept that allows people to argue a failed "free market" in the US, which hasn't even approached a free market in decades.
I agree with your last sentence,except I have no wish to see a free market, even if it would have worked. Now it's time for bed. Peace out.
nope, you won't get the last remark on my post. I have no desire to live in a society that is not voluntary, and I'm working to make sure people with ideas like that are no longer in charge.
https://en.wikipedia.org/wiki/Communist_Party_of_China
Here is a quote from the Wikipedia article you linked:
The planned economy established under Mao Zedong was replaced by the socialist market economy, the current economic system, on the basis that "Practice is the Sole Criterion for the Truth" (i.e. the planned economy was deemed inefficient).
Talk to people who've lived there. It is a state controlled economy, no matter what they say.
I'm not defending China, or state capitalism. I'm a communalist,not a communist or socialist.And I have talked to plenty of Chinese people. But let's leave it here, I have no interest in a quarrel.
Really? Then why keep coming back?
communism
ˈkɒmjʊnɪz(ə)m/Submit
noun
a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.
synonyms: collectivism, state ownership, socialism, radical socialism; More
Okay, thanks for the comments.