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@ Yogthos
2025-02-24 13:55:11China is often referred to as being state capitalist. If we accept this premise, what implications does that hold? At its core, capitalism is defined by private ownership of capital, where individuals or entities control labor’s objectives and structure. Enterprises under this system exist primarily to expand their owners’ wealth, with any societal benefits emerging only as incidental byproducts. 🧵 #socialism