Kady M.
2 min readDec 24, 2021

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"China's businesses are not capitalist. "

They're certainly not socialist. Entrepreneurs are free to start businesses and compete according to traditional price signals in world markets. Like most nations, China does have more nationalized businesses than we do, but if a state-sponsored oil, airline, and telecom company means your entire economy isn't capitalist, then there are no capitalists at all, pretty much.

"They are far from free market as they would not exist without government support and any deviation from party line leads to replacement of the owners of any company."

Some of that is true, most isn't. They are free market, they do exist without government support (aside from the aforementioned industries, which are typical of most nations) but government reps do sit on boards and steer decisions on occasion. They sit outside the traditional definitions of each.

" I suggest you take a few economics classes to understand economics"

I've taken all the economics classes I need, thank you very much, and do us both a favor, check your ego at the door, and lay off the passive-aggressive snark. What *I* suggest is that you do what I've done, and actually LIVE THERE AND DO BUSINESS THERE for an extended period of time, because the "book larning" you claim to have isn't going to do you much good unless you can go, get your feet on the ground, and see how things actually operate.

"Again, commenting on things you haven't read doesn't show intelligence, it shows ignorance."

I totally agree, although you and I clearly would not agree on which of us is showing ignorance.

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Kady M.
Kady M.

Written by Kady M.

Free markets/free minds. Question all narratives. If you think one political party is perfect and the other party is evil, the problem with our politics is you.

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