@[email protected] to World NewsEnglish • 10 months agoChina’s Economy Is in Serious Troublewww.nytimes.comexternal-linkmessage-square57fedilinkarrow-up1111arrow-down119cross-posted to: [email protected]
arrow-up192arrow-down1external-linkChina’s Economy Is in Serious Troublewww.nytimes.com@[email protected] to World NewsEnglish • 10 months agomessage-square57fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish1•edit-210 months agoSo basically they are saying China should become capitalist and it will fix their problems 🤣
minus-squareTheWoozylinkEnglish2•10 months agoUm, no, that’s not at all what it’s saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.
minus-square@[email protected]linkfedilinkEnglish2•edit-210 months agoWhen they suggest “freeing the market” they mean neoliberal capitalism. There aint a universe where opening markets means “more socialism”. Also crony capitalism isnt a thing, its just regular capitalism.
minus-square@[email protected]linkfedilinkEnglish1•edit-210 months agoI’m actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.
So basically they are saying China should become capitalist and it will fix their problems 🤣
Um, no, that’s not at all what it’s saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.
When they suggest “freeing the market” they mean neoliberal capitalism. There aint a universe where opening markets means “more socialism”.
Also crony capitalism isnt a thing, its just regular capitalism.
I’m actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.