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submitted 4 months ago by Confidant6198@lemmy.ml to c/memes@lemmy.ml

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[–] erev@lemmy.world -1 points 4 months ago (1 children)

According to DuckDuckGo

State Capitalism: An economic system that is primarily capitalistic but there is some degree of government ownership of the means of production.

Basically capitalism managed and owned by the state. This is not communism, nor even socialism. China is communist in name only.

[–] OurToothbrush@lemmy.ml 3 points 4 months ago

Oh my god I didn't consider what the brilliant minds of a duck duck go- wait you didn't even cite where the definition is from?

Lol