this post was submitted on 02 Sep 2025
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[–] Cowbee@lemmy.ml 5 points 3 months ago

The large firms and key industries are overwhelmingly publicly owned, and the working class is in charge of the state. It's been socialist since the CPC beat the Kuomintang. The presence of private property in a system doesn't mean the system is capitalist, this was already understood in Marx's time.