China's Political Economy
Debates center on classifying China's system as communist, capitalist, authoritarian, state capitalist, or oligarchic, frequently comparing it to the US and Western democracies.
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China is authoritarian-capitalist lol
China is only nominally communist and has no dictator. I think pseudo-capitalist oligarchy is more accurate.
Not sure why you are downvoted. China is exactly a kind of cronyist, state capitalist system.
you are describing China's political system
China is an authoritarian regime. The US is a kleptocracy flirting with autocracy.Neither place the rights of their citizens in much regard, though money definitely helps in both places.The possible outcomes for individuals in China though are Orwellian.
China is an oligarchy or crony capitalist country. The wealthy and powerful use the government to get what they want. In a true free-market system you can't use the government to destroy the competition and make yourself money. This is the problem with the US today, we've given so much power to the central government that we've created a drastically distorted market.
People are downvoting you because it looks like you think China is a communist society and western countries are capitalist societies.There is not much difference between China and western countries. Sure, China is a bit more oppressive (understatement of the year), but they both have element of capitalism and a huge set of coercitive and authoritarian laws which err on socialism.
It is not communism. It is "socialism with Chinese characteristics" :) as Xi Jinping likes to remind everyone!
US is capitalistic liberal democracy and China is one party capitalistic dictatorship. Make your choice.
In general, yes. This [1] is the first paragraph of the first article of their constitution: "The People’s Republic of China is a socialist state under the people’s democratic dictatorship led by the working class and based on the alliance of workers and peasants. The socialist system is the basic system of the People’s Republic of China. Disruption of the socialist system by any organization or individual is prohibited."They are a self described democratic dictatorship with a syste