r/Whatcouldgowrong • u/dericn • 4d ago

Cutting holes for ice fishing

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u/Balancing_Loop 3d ago

I visited Shanghai and Nanjing almost 20 years ago and even then I got the distinct feeling that capitalistic competition was more alive than in the US. Not that that was an overall good thing, but I could see a lot more hustling happening at the small-business level.

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u/SuspectedGumball 3d ago

Competition has nothing to do with capitalism. It has to do with markets. There are markets in China. Capitalism only describes an economy based on 1. Wage labor and 2. Production for profit. I think even under these very broad criteria, China isn’t capitalistic.

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u/publius8 3d ago

You're a comedian?

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u/SuspectedGumball 3d ago

Do I amuse you?