this post was submitted on 21 Jul 2024
1007 points (94.1% liked)

Memes

45156 readers
2720 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -2 points 1 month ago (1 children)

It's state capitalism with a veneer of communism.

[–] [email protected] 3 points 1 month ago (1 children)

All capitalism requires a state, the fact that you call an alternate system "state capitalism" just goes to show that you need to do more research on what capitalism is.

[–] [email protected] -1 points 1 month ago (1 children)

According to DuckDuckGo

State Capitalism: An economic system that is primarily capitalistic but there is some degree of government ownership of the means of production.

Basically capitalism managed and owned by the state. This is not communism, nor even socialism. China is communist in name only.

[–] [email protected] 3 points 1 month ago

Oh my god I didn't consider what the brilliant minds of a duck duck go- wait you didn't even cite where the definition is from?

Lol