Comments by "AQuietNight" (@AQuietNight) on "Is China relying on SOEs to tackle the real estate bubble and local government debt?" video.

China for all practical purposes is a Fascist state. The concept of BIG Business with strong local support could prove very interesting and a challenge to the Communist Party. They'll have the money and a broad base of support where as the Communist Party will end up being a fiefdom holed up Beijing.
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@waltertodd4479 In China government and industry work together. That is fascism. Granted, there is no such thing as private industry in China but if we work with the label China uses, that is private industry exists, that makes the country a Fascist state.
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@waltertodd4479 As I pointed out, there is no such thing as private business in China. Everything serves the interests of the Communist Party. I say Fascist because I am using labels China uses. And keep in mind Fascism is not that far from Communism. Even if China tries to sell the illusion of private business, we both know the reality, that Xi Jinping lets some people think they actually own their own business.
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