this post was submitted on 15 Mar 2025
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China has a Socialist Market Economy, it isn't so much a cocktail as it is Marxism-Leninism applied to China's current conditions.
This sentence is in Chinese constitution and text book for every first grade student. Repeating it doesn't help any meaningful conversation, unless you are a 7 years old trying to pass exam and get to second grade...
It's a sentence I made, just because the PRC agrees with describing themselves that way doesn't mean I'm not adding to meaningful conversation. When you declare that China is a cocktail of Capitalism and Socialism, what does that actually mean? It seemed like your comment was more about not analyzing China's economy than coming up with a coherent and consistent answer, which is what I pushed forward.
Basically, Capitalism and Socialism are descriptors of overall systems, not portions of an economy, so calling a system a cocktail of each doesn't make too much sense and adds confusion more than clarity.