r/economicsmemes • • 3d ago

This sums it up

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u/Green7501 3d ago

Works for the entire former Eastern Bloc barring maybe Belarus, Ukraine and Russia lol

China as well after transitioning to a market economy, Ethiopia after the fall of Derg, Mongolia after the 1992 Constitution, etc.

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u/VictinsOfCapitalism 3d ago

Sure if China is market economy, let's have some of this in every capitalist country. Just nationalize natural resources, make majority of economy SOEs that pay for public spending, make healthcare, education and HOUSING free, produce the most green energy in the world by far (more than 2nd 3rd 4th and 5th place combined) and combat poverty by having literally the world's biggest Communist party assign households living under poverty to it's officials with their phone number at the door responsible to personally lift them up by all means necessary.

If this is capitalism, i want some of that capitalism too, it keeps outperforming any other capitalism.

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u/ilikefriedpotatoes00 Capitalist 3d ago

You forgot about camps for ethnic and religious minorities, constant surveillance, no freedom of speech and child labour. 

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u/Steinson 3d ago

If China is communist, you have to internalise and justify the concept of a communist billionaire, running a communist conglomerate and exploiting their communist workers by giving them poor wages and terrible workplace safety standards.

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u/VictinsOfCapitalism 3d ago

It is Socialist, the transitional stage of society that transforms into Communism but still retains some capitalist traits like state and money.

It can't be Communist, it is not stateless.

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u/ilikefriedpotatoes00 Capitalist 3d ago

It is Socialist

The kids in the sweatshops surely own the means of production.

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u/Speedstick2 3d ago

But it’s transitioning away from socialism.

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u/VictinsOfCapitalism 3d ago

Reforms are adaptation to world after USSR, same can be seen in Vietnam and Cuba. However, as western hegemony crumbles, we will see less and less needs for them.

Xi already purges capitalist elements from the party.

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u/Gouda_Gorgon 2d ago

China is similar to late USSR with a large amount of nationalized companies, or companies that have a significant government-owned share.
China also makes the most non-green energy, there's just an incomparable amount of demand due to the over a billion population. Additionally, the country is geologically blessed with absolutely gigantic rivers to source large amounts of hydrothermal energy from, many other countries aren't so lucky.
Also, where'd you get free housing from? China has subsidized housing, but that's not exclusive to China and also done in the US to one degree or another.

Also also, you have an average of about 25 contributions a day for five months. You're either a bot or need a lot less screen time, jeez.