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Is The Economy Of China More Free And Capitalist Than That Of US?
invite response
2012 Mar 14, 9:39pm 2,431 views 5 comments
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3
thomas.wong1986
2012 Mar 15, 11:31am
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
marcus
2012 Mar 15, 12:31pm
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.
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?