this post was submitted on 17 Nov 2025
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[–] Cowbee@lemmy.ml 21 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

China's socialist market economy, unlike FDR's New Deal, is commanded by public ownership as the principle aspect of the economy under a proletarian-led and controlled state, unlike FDR's bourgeois controlled imperialist state. Socialism isn't simply having safety nets, it's a mode of production.