this post was submitted on 21 Aug 2023
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[–] [email protected] 2 points 1 year ago (2 children)

Socialism has all the power on the State with no or little room for individuals themselves to make their businesses and companies, companies that'll thrive will be friends with the king and create a monopoly in that country.

China has tons of small and big businesses and it's still socialist.

[–] [email protected] 2 points 1 year ago (1 children)

Chinese companies are basically extensions of the government.

[–] [email protected] 1 points 4 months ago

Most corperations are, in any country.