georgephillip
Diamond Member
Makes ya wonder why the current administration has not voiced strong, unequivocal support for the protesters. Deal with China? Cash trumps freedom in a transactional, non-ideological president.We hear so many times how the Left wring their hands in angst about world opinion.
Scenes from Hong Kong:
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Trump the crony-capitalist knows full well which side delivers his Chinese patents.Makes ya wonder why the current administration has not voiced strong, unequivocal support for the protesters. Deal with China? Cash trumps freedom in a transactional, non-ideological president.
"State capitalism is an economic system in which the state undertakes commercial (i.e. for-profit) economic activity and where the means of production are organized and managed as state-owned business enterprises (including the processes of capital accumulation, wage labor and centralized management), or where there is otherwise a dominance of corporatized government agencies (agencies organized along business-management practices) or of publicly listed corporations in which the state has controlling shares.[1]
"Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state— by this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production.[2]"
State capitalism - Wikipedia