Comments by "Straight2Dpoint" (@4evertrue830) on "The Jimmy Dore Show" channel.

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  495. @toma3025  If you believe today that China's entire economy is totally in the hands of the private sector (i.e free market capitalism), am sorry to burst your bubble it is definitely NOT! China practices what she calls, "Centralised Socialist free market economic system" which still has a lot to do with central planning the economy. Which is how they consistently have a 10yr plan, or a 15yr economic plan. It is not the liberated capitalist free market system placed in the hands of the private oligarchs the west is known for. What this means is, all the land in China and its resources, including major key industries like - sea ports, airports, airlines, inland water transportation, railways, mining, oil and gas, Banking, insurance, equity/stock exchange, electricity generation and distribution, water resources, healthcare, agriculture, infrastructure are public/state owned. The only part of her economy that is capitalist in nature is just the commercial sectors. Like i said in my previous comment, the west strong hold on the worldwide monetary system which prevented outside collaboration in trade made things difficult for them. It perhaps led China to warm up closer to the USSR at the time leading to a closing of borders with the rest of the world. Did China not open her borders later on in the late 80s, when trade became more difficult with the Soviets? Perhaps she foresaw the Soviets forth coming economic crisis. However, you can't deny that the western capitalist economic model is definitely NOT what China practices.
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