• IMALlama@lemmy.world
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    2 months ago

    PRC

    How on Earth do you have a mix of Communism and Capitalism

    Arguably, the PRC is juggling both. I don’t claim to be an expert, but there are certain capitalist undercurrents going on in the private sector along with some level of CCP tension.

    • Cowbee [he/him]@lemmy.ml
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      2 months ago

      You might want to read China Has Billionaires if you have an hour. The PRC’s Socialism with Chinese Characteristics would be closer to Communist directed Capitalism, but they have large amounts of central planning. They are overall Socialist.