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.

[–] erev@lemmy.world 0 points 4 months 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.

[–] OurToothbrush@lemmy.ml 0 points 4 months 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

[–] khaleer@sopuli.xyz 0 points 4 months ago (1 children)

Lack of common sense could make life harder sometimes ;)

[–] OurToothbrush@lemmy.ml 0 points 4 months ago* (last edited 4 months ago) (1 children)

"Common sense", aka you don't know shit about how to define capitalism or about the political economy of China and insist that your poorly developed ideas are self evident.

[–] khaleer@sopuli.xyz 0 points 4 months ago* (last edited 4 months ago) (1 children)

Told person who do not know the difference between authoritarian capitalistic dictatorship and commuism state. Go swallow your copium pills. EDIT: I just lurked into your account, this explains a LOT xD

[–] Cowbee@lemmy.ml 0 points 4 months ago

You might want to read the article China Has Billionaires. The economic case for China being Socialist is not unfounded. Nobody believes China has reached full Socialization of the economy, but it is largely Socialized, and appears to be increasingly Socialized as compared to the Dengist period.

[–] averyminya@beehaw.org 0 points 4 months ago (1 children)

TFW Tencent isn't considered capitalist

[–] OurToothbrush@lemmy.ml 0 points 4 months ago* (last edited 4 months ago)

Tencent existing as a private enterprise is compatible with the statement you are responding to.