@silence7@slrpnk.net to World News@lemmy.worldEnglish • 10 months agoChina’s Economy Is in Serious Troublewww.nytimes.comexternal-linkmessage-square54fedilinkarrow-up1110arrow-down119
arrow-up191arrow-down1external-linkChina’s Economy Is in Serious Troublewww.nytimes.com@silence7@slrpnk.net to World News@lemmy.worldEnglish • 10 months agomessage-square54fedilink
minus-squareTheWoozylinkfedilinkEnglish2•10 months agoUm, no, that’s not at all what it’s saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.
minus-square@umbrella@lemmy.mllinkfedilinkEnglish2•edit-210 months agoWhen they suggest “freeing the market” they mean neoliberal capitalism. There aint a universe where opening markets means “more socialism”. Also crony capitalism isnt a thing, its just regular capitalism.
minus-square@CanadaPlus@futurology.todaylinkfedilinkEnglish1•edit-210 months agoI’m actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.
Um, no, that’s not at all what it’s saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.
When they suggest “freeing the market” they mean neoliberal capitalism. There aint a universe where opening markets means “more socialism”.
Also crony capitalism isnt a thing, its just regular capitalism.
I’m actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.