What do they do in China, exactly? It looks like single-party fascist corporatism. If it’s communism, why do they have a rising number of billionaires and worse conditions for workers than many european countries?
China has a Socialist Market Economy. Large firms and key sectors like steel and banking are nearly entirely under public control, while there are a large number of self-employed people. They actually have a falling number of billionaires in the last couple years.
As for worker conditions, Europe is Imperialist and many European countries act like landlords, and China is still a developing country, though rapidly developing.
What do they do in China, exactly? It looks like single-party fascist corporatism. If it’s communism, why do they have a rising number of billionaires and worse conditions for workers than many european countries?
China has a Socialist Market Economy. Large firms and key sectors like steel and banking are nearly entirely under public control, while there are a large number of self-employed people. They actually have a falling number of billionaires in the last couple years.
As for worker conditions, Europe is Imperialist and many European countries act like landlords, and China is still a developing country, though rapidly developing.