A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.
Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.
Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.
Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.
No, and to paint everything this way serves to delegitimize alternatives to capitalism. China is not capitalist, they are socialist. They have their own problems, because no system is perfect. But there are alternatives to capitalism, and not everything is “secretly capitalism in disguise”.