this post was submitted on 19 Jul 2026
218 points (97.8% liked)

Technology

43268 readers
261 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] themurphy@lemmy.ml 3 points 1 day ago (2 children)

You can argue that you have capitalism if transactions are happening. Which means the word kind of looses it's meaning because it's so broad.

But people will often define it on how much market control the state displays.

You can then argue that China has market control on key aspects of important sectors. Which they do, but still with an approach, that they have private companies with government subsidies.

But most of all, the need for distance to the world capitalism is more a marketing thing. Unless they believe that capitalism is just a tool to achieve socialism, which also can be true.

[–] drosophila@lemmy.blahaj.zone 1 points 6 hours ago

What you're describing is dirigism at best. They have billionaires bro. They're capitalist.

Bernie Sanders is more economically left wing than that and he doesn't even describe himself as a socialist.

[–] Elting@piefed.social 10 points 1 day ago* (last edited 1 day ago)

I would argue a capitalist nation is any one that allows the conversion of natural resources into private (not personal) property by law, and facilitates the exploitation of those resources through a market.