You did, not the guy who started this debate

That is not just to hedge their bets against a declining economy.

right, but you were arguing it was capitalist, which was the point I was debating

and now everyone is debating it lol

Socialism, planned capitalism

Literally all it is

no, socialism is by definition not capitalism

The government creates shit

People buy it

Which is why we now have the term Marxist, because there are communist parties calling their version of socialism communism.

"planned capitalism" wat?

production != capitalism

holy balls

I am actually not sure what to call some of the mixed economies in China.

There are markets, to some degree.

@Undead Mockingbird considering the government owns controlling shares in major private business, is it fair to call it a market?

Capitalism requires private property (both in goods and personal stuff) + right to profit off trade

under socialism, your property belongs to the state, ergo it can't be capitalism

I am not sure if you add any explanatory value by assigning these kind of terms.

As long as you characterize each aspect correctly, what you call the whole is secondary.

Just becuase the shares are owned by the government, does not mean 100% of shit is decided by the government

the term is predicated on the combination of aspects

Btw

the sum total of decisions

No, but deciding things is not what makes a system capitalist

ownership determines capitalism

No, it's probably not fair to call it a market, as a whole.

But like hey

the government owns businesses, land, and the means of production overall

Let's just say your right beeman

What do you call a market, run by the government?

You're both wrong, codes and beeman

But, it is a market insofar as you have freedom to market products/service and freely make purchases as a consumer.

Has there been any confirmation from the FBI stating that they do indeed label the proud boys an extremist organization with ties to white nationalism? (I mean beyond the general "we give state governments things to watch out for all the time" statement)

China knows socialism can not work for state profits,

So they technically lease their companies to managers/CEO's etc to make profit for the state and those people can have a share of the earnings to live a comfy life

I guess you can say that there are "pockets" of free markets.

cuz the companies are part of the state

Beeman, china is not communist even if their party is communist

>freely
so china will allow competition for state run/owned businesses?

Communism requires a classless, stateless society

I didnt say it was communist

I said it was socialist