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China’s economy is largely state-planned, state-owned and state-run. Capitalism in China is poorly regulated, creating a bureaucracy which harms free markets and produces ineffective regulations. The US's problems have little to do with over-regulation on free markets and lot to do with ineffective regulations, a tax structure that makes little sense, and the inability of the two political parties to work together.You don't seem to grasp the difference between a state controlled economy, regulated capitalism, and pure capitalism.too stupid!!! the least among us profit most from the rapid increase in wealth that comes from free markets. Why did you think 125 million slowly starved to death in the liberally regulated markets of the USSR and CHina.
Why did you think the starvation instantly stopped the second China switched to capitalism??
See why we are 100% positive liberalism will based on pure ignorance
Dummy liberal, do you have a reason for saying that?? Care to share it????????????
Chinas economy is largely state-planned, state-owned and state-run.
As of 2012 large state-owned enterprises (SOEs) were the backbone of China's economy producing over 50% of its goods and services and employing over half of the workers in China. In addition the government owns majority interest in many of the free enterprise and minority interest in many more. As of 2011, 35% of business activity and 43% of profits in the People's Republic of China resulted from companies in which the state owned a majority interest.Chinas economy is largely state-planned, state-owned and state-run.
too stupid by 1000%!! that was certainly true in 1980, but then they made a dramatic switch to "Capitalism with Chinese Characteristics".
You ought to read the book but that name and learn what changes were made to go from en masse liberal starvation to en masse conservative prosperity.
U.S.'s Startup Myth; China's 'Ford Moment': Commentary Review ...
Jul 3, 2010... may have to go Communist. It's tempting to wonder which way China will go. ... So far, China has taken the first path, going more the way of capitalism than Communism. ... Krugman or Paulson: Who You Gonna Bet On? ...
Businessweek - Business News, Stock market & Financial Advice... - Similar
The Myth of Asia's Miracle
Paul Krugman* ... Communist growth rates were certainly impressive, but not magical. ..... unfair: one is weighing down the buoyant performance of Chinese capitalism with the leaden performance of Chinese socialism. ... Even a modest slowing in China's growth will change the geopolitical outlook substantially. ...
web.mit.edu/krugman/www/myth.html - Similar
Business in China is best described as a partnership between free enterprise and government and is certainly nothing approaching pure capitalism.
