So I made a comment on worldnews criticizing Chinese activity in the south china sea and apparently got banned for it by the automod. This happen to anyone else? Is this Lemmy’s version of the need help post and the shape of things to come?
The instance I posted in was Lemmy.ml
No, capitalism basically boils down to private ownership of the means of production.
A market economy is a market economy, hence market socialism. Market economies have existed for thousands of years, capitalism for a few hundred.
State capitalism is an economic system in which the state undertakes business and commercial (i.e. for-profit) economic activity and where the means of production are nationalized as state-owned enterprises.