A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
That’s part of it, even if that’s not the only part.
Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.
Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). “True Capitalism has never been tried before!”
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Reminder that capitalism doesn’t mean free market.
That’s part of it, even if that’s not the only part.
Source: https://en.m.wikipedia.org/wiki/Capitalism
Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). “True Capitalism has never been tried before!”