this post was submitted on 18 Oct 2023
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[–] bioemerl@kbin.social 14 points 1 year ago (8 children)

State literally calls itself communist. (Operates more like a fascist state than a communist one)

Conducts ever more of its industry through the state and strictly controls the banks and loans.

Exercises huge subsidies across the entire economy which is visible through their massive and growing imbalance between their internal consumption and export.

"You only say it's not capitalist because they aren't white"

No I say they aren't capitalist because they aren't capitalist.

[–] Peaty@sh.itjust.works 25 points 1 year ago (2 children)

China is closer to neo-mercantilism due to the level if direct state involvement in private business.

[–] ChrisLicht@lemm.ee 6 points 1 year ago (1 children)

As a nationalist economic policy, neo-mercantilism integrates well with the fascist economic model, particularly in this age when the masses are so accustomed to foreign goods that they might find the explicit notion of autarky alienating.

[–] Peaty@sh.itjust.works 2 points 1 year ago

Yes but ideologically China is not aligned with fascism at all. They are on paper still pretending to be Marxists. Fascism is opposed to Marxism.

[–] bioemerl@kbin.social 1 points 1 year ago (1 children)

And what do you call an authoritarian ethnic state that has co opted capital to ensure and spread state control over public and private life?

[–] Peaty@sh.itjust.works 10 points 1 year ago

Authoritarian, which you already mentioned.

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