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Communism in theory vs in practice (lemmy.ml)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 12 hours ago

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.