this post was submitted on 15 Mar 2025
1517 points (93.6% liked)
Memes
48612 readers
2265 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
China has a Socialist Market Economy. Large firms and key sectors like steel and banking are nearly entirely under public control, while there are a large number of self-employed people. They actually have a falling number of billionaires in the last couple years.
As for worker conditions, Europe is Imperialist and many European countries act like landlords, and China is still a developing country, though rapidly developing.