I’m convinced (based off interactions I’ve had on NextDoor) a lot of people think capitalism=uses money. But also that socialism/communism=failed/corrupted capitalism. China looking better than the USA nowadays means they have to be capitalist since they obviously aren’t failing.
That’s certainly how some people see it! Liberals look at China’s success and some try to twist that into a victory for capitalism, even if that doesn’t actually describe China’s success accurately.
No, it isn’t. Public ownership is the principle aspect of the economy and the working classes control the state, it’s socialist.
I’m convinced (based off interactions I’ve had on NextDoor) a lot of people think capitalism=uses money. But also that socialism/communism=failed/corrupted capitalism. China looking better than the USA nowadays means they have to be capitalist since they obviously aren’t failing.
That’s certainly how some people see it! Liberals look at China’s success and some try to twist that into a victory for capitalism, even if that doesn’t actually describe China’s success accurately.