this post was submitted on 15 Mar 2025
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This isn't true, though. You can't have a "little bit of Socialism" and a "little bit of Capitalism," Socialism and Capitalism are descriptors of overall economies. Regulation in a Capitalist system is still Capitalism, Europe in particular is Imperialist (and increasingly moving to fascism as they fade from relevance in the global stage).
Socialism, on the other hand, absolutely works, and is why the PRC is overtaking everyone else at the moment.
Not really sure about taking China as an example for something "working"...
Why not? It's rapidly overtaking everyone else, and has made massive strides for workers. What would you call it?
Yeah, but how is the quality of life for the average person in the PRC? Honest question, because I don't know. I'm American they would have us believe that the average Chinese citizen is living one step of from a factory slave.
Varies dramatically depending on where you live, because China is an extremely rapidly developing country that was as poor as Haiti is today 100 years ago. Quality of life overall is good, and rising rapidly.
I know this doesn't say actual statistics and stats, but watching videos that actually show China can help de-mystify it.