this post was submitted on 12 Nov 2026
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Late Stage Capitalism
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Yeah just sounds like state capitalism.
The means of productions are controlled by the state which is then controlled by the people but they aren't controlled directly by the people which- may not seem -is a huge difference
Well no, the capitalists don't control the economy or the direction of the country. Who controls the state is what makes it state capitalism or socialism.
The people control the state, and the state controls the economy.
It's weird how you think you know better than over a billion people but go off king, lol.
I am just following the definition but whatever, thanks for being so rude ig; name does not checks out yet again
I may be rude but at least I'm not a chauvinist lol.
https://dessalines.github.io/essays/socialism_faq.html#is-china-state-capitalist
This is a fantastic resource written/compiled by one of the admins of lemmy! Definitely worth flicking through if you're interested in this topic.
Do not call me a chauvinist, I am just using the words definitions lol anyway I'il read it but tbh I don't really trust lemmy.ml admins and lemmy devs (they showed to be problematic more than one time and they are very very biased)
Lol, have a good weekend!