Economic Update: China: Capitalist, Socialist or What?

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On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/employee structure of its enterprises is capitalist. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism, and (c) its conflict with the US.

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  • Dwight Clark
    commented 2020-08-25 12:38:17 -0400
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