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Is The Economy Of China More Free And Capitalist Than That Of US?


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2012 Mar 14, 9:39pm   2,432 views  5 comments

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http://www.wtffinance.com/2012/03/is-the-economy-of-china-more-free-and-capitalist-than-that-of-us/

There is a big misconception in the United States and around the world that the Economy of the United States is free market capitalist. Is communist China more capitalist than the United States that is capitalist in name only?

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2   freak80   2012 Mar 14, 11:44pm  

They're both Crony Capitalist countries.

3   thomas.wong1986   2012 Mar 15, 11:31am  

WTF Finance says

Is communist China more capitalist than the United States that is capitalist in name only?

They have an immature economic system. Ours is more mature.

4   marcus   2012 Mar 15, 12:31pm  

thomas.wong1986 says

They have an immature economic system. Ours is more mature.

Yes, out of the gate when China recently opened up to "capitalism" they started out right away with crony capitalism. Where as, we took a long time, first improving and then degrading, very gradually over the last several decades becoming more debt, leverage and crony capitalism based.

5   nope   2012 Mar 15, 6:58pm  

All but one of China's fortune 500 companies is state owned. This isn't even a discussion that you can have seriously.

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