this post was submitted on 26 Jun 2025
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Political Memes

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[–] [email protected] -3 points 2 days ago (8 children)

No, capitalism doesn't have state control.

[–] [email protected] 6 points 2 days ago (7 children)

No, capitalism doesn’t have state control.

Jesus fucking Christ.

[–] [email protected] -3 points 2 days ago (6 children)

That's what mercantilism is. A promotion of trade with state control. Which is different than the free hand of capitalism.

[–] [email protected] 3 points 2 days ago (1 children)
[–] [email protected] 2 points 2 days ago (1 children)

Is it? I mean it's clearly working well enough that the other capitalist nations are saying their capitalism is unfair. But really it's a totally different system, and we're not going to understand it if we just call it capitalism with Chinese characteristics.

[–] [email protected] 2 points 2 days ago (1 children)

I honestly don't know enough about the Chinese economy to have much of an opinion of it. I was just trying to make a joke because what you described is still authoritarian capitalism to some level, even if it's working.

[–] [email protected] 2 points 2 days ago (1 children)

It's not capitalism though. Economists have even given it it's own name. It's called mercantilism. It doesn't help when we just make everything binary.

[–] [email protected] 2 points 2 days ago (1 children)

Fair. You've piqued my interest, and I think I need to educate myself here.

[–] [email protected] 2 points 2 days ago

Also, honestly I don't know if it's better. I just know it's different and at least we should try to understand.

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