• zaph@sh.itjust.works
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    5 months ago

    China is known as state capitalism and it’s an unholy blend of central planning and free markets

    with the government owning significant stakes in all key industries, exerting a massive control over both the economy and society as a whole

    I’m not a very bright person most the time and when an economy is being discussed that multiplies. But how is that a free market by any definition? Or am I completely misunderstanding what you’re saying?