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Young Chinese are getting paid to be 'full-time children' as jobs become harder to find | CNN Business (www.cnn.com)

submitted 1 year ago by [email protected] to c/[email protected]

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A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.

Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.

Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn't make a country communist.

Their land use rules... that makes them communist-ish. But that's a small part of a far larger picture.

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[–] [email protected] 1 points 1 year ago (1 children)

If you don't like them being called capitalist, then your quarrel is with a whole heap of people (and academics).

The question, like I alluded to earlier, isn't whether they are capitalist, but a question of how much. And many, after careful study, have determined them to be capitalist.

Those determinations are based on measurable things and philosophy (somewhat).

Also: you are clearly not my original intended audience. In the referenced thread I was getting low-effort, glib comments that snowballed upvotes.

Not unlike the person who deemed me to be a republican. It's easy to look at my post history.

I'm not a republican. But glib is easy. And glib, low-effort posters were the primary intended audience. Know-it-alls.

[–] [email protected] 0 points 1 year ago

I'm going to make a glib comment; So they're 25% capitalist and 30% socialist and 10% communist and the rest something else. It doesn't mean they're a primarily capitalist economy.