The large firms and key industries are publicly owned, and the working class is in control of the state while capitalists are suppressed and prevented from expanding into those principal firms and industries. It’s been socialist since the CPC successfully overthrew the nationalists.
Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn’t a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu’s diagram of the stages of socialism:
China presently is in the primary stage, but is at this point well along to the next stage, the intermediate. These aren’t hard lines or jumps, but gradually worked through and towards.
China is by no means a socialist country.
The PRC is a mixed economy, with the planned, socialist sector dominant, and a limited/restricted private sector.
Is China State Capitalist?
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that attitude isn’t helping your argument.
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you don’t care at all, yet you just came here to angrily respond 🤔
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holy shit man, chill out.
Maybe spend a bit of time learning what words mean before using them.
I know what words mean. China is a socialist market economy, which is not socialism.
imagine being so ignorant as to think that markets are at odds with socialism 🤣
Cope
The large firms and key industries are publicly owned, and the working class is in control of the state while capitalists are suppressed and prevented from expanding into those principal firms and industries. It’s been socialist since the CPC successfully overthrew the nationalists.
China is a socialist market economy, not a socialist economy.
You can’t have a stock market and be a socialist economy.
Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn’t a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu’s diagram of the stages of socialism:
China presently is in the primary stage, but is at this point well along to the next stage, the intermediate. These aren’t hard lines or jumps, but gradually worked through and towards.
Cope