Maybe read about terms like Communism before making statements.
Comment on Rivian Tore Apart A Xiaomi EV And Discovered What America Can’t Match | Carscoops
freedom@lemy.lol 17 hours agoChina has a state controlled economy. No business persists unless allowed. That’s closer to a communist setup than a free market.
SaveTheTuaHawk@lemmy.ca 16 hours ago
freedom@lemy.lol 16 hours ago
Maybe add value to a conversation instead of arrogantly thumping your chest like you know everything?
NoneOfUrBusiness@fedia.io 16 hours ago
Free markets are a myth. Every country on Earth regularly interferes in the market to align it with its interests; China just does it more. That's still not communism, because you can't have billionaires (or private property in general) under communism. China under Mao was communist, but under Xi? No way. The Chinese government exerts significant control over its economy, but the primary driver of economic growth is still the private sector. China isn't doing anything fundamentally different from what any Western capitalist state could do if they got their act together for five minutes.
freedom@lemy.lol 16 hours ago
I think the difference is in the breadth of control they can exert. US buying 10% stake in Intel, bailing out auto manufacturers, giving tax incentives to expedite select industries, etc… are very similar to Chinese state control, but not identical.
Fair assessment that’s it’s not a true communism, but it mimics the aftermath of a failed communism which is seen over and over, hence the reference.