this post was submitted on 03 Feb 2026
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[–] Cowbee@lemmy.ml 18 points 1 day ago (1 children)

All modern economies have some degree of a public/private split, even the DPRK has special economic zones like Rason. The difference between capitalism (which fascism is a derivative of) and socialism is which aspect of the economy is principle, private or public, and which class is in control of the state, capitalists or workers. In China, public ownership is principle and the state is under the control of the working classes.

The PRC does use nationalized industry and resources for their own benefit, as does every single country, with the partial exception of colonized and imperialized countries that are exploited by the west. Xi Jinping is popular, but doesn't have a cult of personality. I don't know what textbook you're reading, but if it's telling you that public ownership is fascist you should probably discard it.