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by dragontamer
2446 days ago
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> But its only short term until the west figures out how to defeat the communists. The Berlin wall fell nearly 30 years ago and the USSR has collapsed shortly thereafter. China's method of governance isn't anything like the communists. They're actually building advanced economies, as the builder of iPhones and lots of other equipment. China is authoritarian, and probably best described as "legalist" (medieval Chinese philosophy). China engages in a system closer to capitalism, see Alibaba, Huawei and Baidu. China's "communist party" is only communist in name. Although they're against human rights, they are welcoming of capitalists. Its why Tesla is building a factory there, even with the threat of Tariffs, because the rising Chinese middle class is actually working for that country. China is unfortunately, discovering an "authoritarian capitalism", some kind of crony capitalism which benefits the party and ultimately builds markets (Chinese Stock Market and Chinese Mega-corps are on the rise. Foxconn, Alibaba, Huawei, etc. etc.) |
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China introduced some elements of capitalism and liberty into its economy, but clearly retains government control over what would otherwise be independent companies.
Whether it chooses to exercise that control is immaterial -- the CCP obviously believes very strongly that if needed it has that control.
And legally, it does.
In that respect, China looks much more like the late-stage Soviet Union, where a diversity of political power groups (some allied, some opposed) give the illusion of a free market to a command economy.