HendoLower WestJagermesiter1871 Is Dai really a bastard?
Dig around a little and there's most certainly negative commentary out there. People don't become billionaires in a communist state by luck or hard work. .
Think that could apply to all billionaires, not just ones who have made it in a communist state.Jagermesiter1871Lower West
Dig around a little and there's most certainly negative commentary out there. People don't become billionaires in a communist state by luck or hard work. .
It's not a communist state though is it - not even remotely
Also, lol.
People are laughing but I dont know why. Is China a communist country? Sort of, but not really. Its a complete mish mash depending on how big the company / economic actor is that is trying to do something.
All three of these statements are true:
In China you can start you're own business and become rich rich rich, so it's a capitalist country,
In China any company can be shut down or controlled by the Government at the Government's whim, so its not a capitalist country.
In China foreign companies can invest and sell their products to the Chinese, [capitalist] but if you are a really big company there are lots of controls on how / whether the profits can be remitted back to your own country, [not capitalist] or as a compromise, you are made to work in a joint venture with a Chinese company, or else you won't be allowed to do business. [halfway house]
So economically, China is a capitalist country but in some circumstances it has extremely weak / non-existent property rights if the chinese government wants your slice of its pie.
China doesnt centrally plan its economy. China's income tax schedule isnt that different from our own. If we're not communist, why are they?
They are not a democracy. But that there plenty of non-democracies that aren't communist. For further discussion such as this, get on the Anything Else Board.
Or would people rather we have more discussion of whether the presence or lack of enforceable property rights is the biggest determinant of economic ideology within a country on the Team Board?