China is not communist as far as there is industry and property owned by private individuals and certainly it is not a classless society. It becomes difficult to clarify completely it’s social and economic status. One could say socialistic as fairly accurate but also tending toward heavily regulated capitalism. They have a significant middle class now. Capitalism in the US is a distorted concept as it is not based on free market mechanisms, greed and power have corrupted our system. We have unfettered capitalism and a system where most all wealth resides in the hands of a few. It certainly is bound for failure as our Earth is being destroyed for more and more, and eventually desperate people will rise up against the inequities. I am not an economist but call it as I see it.
China is not communist as far as there is industry and property owned by private individuals and certainly it is not a classless society. It becomes difficult to clarify completely it’s social and economic status. One could say socialistic as fairly accurate but also tending toward heavily regulated capitalism. They have a significant middle class now. Capitalism in the US is a distorted concept as it is not based on free market mechanisms, greed and power have corrupted our system. We have unfettered capitalism and a system where most all wealth resides in the hands of a few. It certainly is bound for failure as our Earth is being destroyed for more and more, and eventually desperate people will rise up against the inequities. I am not an economist but call it as I see it.
Are you responding to Michael G?
Or to some mythical creature in your own head?
Because none of what Michael G said about the capitalism in the US today could possibly be misconstrued as "fan" talk.