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I always hear how China has a freer market and is more economically liberal than America, but is that really true? I've heard many of the businesses there are still state owned and the government still has a huge hand in the economy, even though capitalism is a major element of the system. Does anyone know more about how things work there?
Yes many of the largest businesses are state owned enterprises, and most large publicly traded companies that aren't officially state owned have a board of directors dominated by communist party members so the party (thus the govt) influence isn't limited to SOEs.
The advantages to SOEs are obvious... unfair access to credit, government subsidies, public resources both from central and local level, etc.
What China has is fascist style authoritarian one-party government in the name of "communism." No, they are not freer than the (small l) liberal democracies/republics.
What China has is fascist style authoritarian one-party government in the name of "communism." No, they are not freer than the (small l) liberal democracies/republics.
It's near impossible to come up with a more accurate description of China's political system.
I always hear how China has a freer market and is more economically liberal than America, but is that really true? I've heard many of the businesses there are still state owned and the government still has a huge hand in the economy, even though capitalism is a major element of the system. Does anyone know more about how things work there?
China isn't a free market economy.
They are not freer than the American system. They might be capitalist, but depends on how you define it.
I always hear how China has a freer market and is more economically liberal than America, but is that really true? I've heard many of the businesses there are still state owned and the government still has a huge hand in the economy, even though capitalism is a major element of the system. Does anyone know more about how things work there?
Of course that's not true. People that came up with this idea probably just love making up stuff to have things to complain about the US. None of them has ever set foot on the utopian countries that the US is so inferior to. Heck, they may not have even stepped outside of the border.
Read the story about how American investors get access to the Chinese company Alibaba and you'll see how free the Chinese economy is.
I always hear how China has a freer market and is more economically liberal than America, but is that really true? I've heard many of the businesses there are still state owned and the government still has a huge hand in the economy, even though capitalism is a major element of the system. Does anyone know more about how things work there?
If this was still 1960s America we wouldn't want anything to do with China. The Cold War wouldn't just be putting a wall around the USSR, there'd be one around China too.
Unfortunately, your government sold you out to China when they allowed them to join the World Trade Organization. As part of that deal, China was supposed to make some changes to their economy (i.e. stop manipulating their currency) which they failed to follow through on.
The American government likes to cuddle China, while at the same time they are the only nation designing their military specifically to kill Americans, and they have the capability to kill a lot of them. But what about Russia! Take away their nukes, their military isn't that powerful anymore.
Any talk of democracy or free market capitalism in China is just propaganda. I personally do not invest in China, and if there is an alternative to a Chinese product I prefer that, even if it costs more. They're not our friend.
** They're government is bad. They're people aren't.
I think their debt situation is just giving us a glimpse of China's version of capitalism... And it sure ain't the version of capitalism I read about in high school. Than again, is the United States purely capitalist? Of course not. A great deal of our economy is driven by centralized spending from big government. Military, welfare, whatever... It's largely irrelevant.
From the outside looking in, the United States would probably look and sound a lot like what we think of and describe China to be.
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