Isn't capitalism great?
Isn't capitalism great?
120 comments
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That's just spicy capitalism
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Is it? I mean it's clearly working well enough that the other capitalist nations are saying their capitalism is unfair. But really it's a totally different system, and we're not going to understand it if we just call it capitalism with Chinese characteristics.
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I honestly don't know enough about the Chinese economy to have much of an opinion of it. I was just trying to make a joke because what you described is still authoritarian capitalism to some level, even if it's working.
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It's not capitalism though. Economists have even given it it's own name. It's called mercantilism. It doesn't help when we just make everything binary.
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Fair. You've piqued my interest, and I think I need to educate myself here.
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Also, honestly I don't know if it's better. I just know it's different and at least we should try to understand.
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120 comments