Quote (Skinned @ 16 Jan 2020 19:26)
China's government is very capitalistic. They turned their country into a factory for the world.
It's a hybrid system in which the state still retains control over the means of production and in which there exist no enforcable property rights. In this sense, it is still a communist system. On the other hand, the Chinese state explicitly allows market activity to boost production and wealth, with all the usual byproducts like soaring inequality and corruption. The decisive point imho is that all the capitalism and "free" market activity in China is still conditional on state approval, only allowed to go to the point where the government can still control it. In this sense, I consider it misleading and factually wrong to call China's system capitalistic.
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To be clear: democracy is a political system and socialism is an economic system and they can exist together in harmony like they already do in so many places.
Which ones? Note that socialism is not the same social democracy.
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The illiberal government of China is illiberal because it believes humans do not have rights. Liberal socialist believe humans have rights....it is staggering that you do not consider this an important delineating factor.
Liberal socialists believe humans have
certain rights. But they dont, for example, hold freedom of speech and property rights in particularly high regard. And they tend to also believe in social engineering and legislated equality, which once again lends itself to authoritarianism in the end.
Human rights are the delineating factor that separates
liberal democracies from authoritarian regimes. (The term 'Liberal' here meaning classical liberalism, not generic leftism as in contemporary American English...)
Socialism can theoretically exist within both democracies and authoritarian systems, but throughout history, most socialist systems ended up on the authoritarian side of things.