Socialism has all the power on the State with no or little room for individuals themselves to make their businesses and companies, companies that’ll thrive will be friends with the king and create a monopoly in that country.
China has tons of small and big businesses and it’s still socialist.
China has tons of small and big businesses and it’s still socialist.
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“Bu-bu-but they’re a bunch of [insert super racist remarks about Asian ppl]”
Chinese companies are basically extensions of the government.
Most corperations are, in any country.