Huawei is employee owned. Further, it exists in a socialist economy and is subject to state control, it isn’t Huawei that has power over the economy, but the state that has power over Huawei.
China is definitely capitalist. How can they have competitive pricing? Slavery, like everyone else, and of course a shitload less regulation.
Edit: Capitalism rewards abuse.
The PRC has a socialist market economy. The large firms and key industries are thoroughly publicly owned, public owmershio is the principle aspect of the economy. They are at a developing stage of socialism. As for working conditions, they are improving over time, and general material conditiond have skyrocketed over the last century.
Capitalism would be somewhere like the US Empire, where the large firms and key industries are overwhelmingly privately owned.
No problem! What would it take for you to consider it socialist, though? The principle aspect of the economy is public ownership, so that should be enough by most standards to distinguish it from capitalism, where private ownership is the principle aspect.
It’s “employee owned” but still has a CCP Party Committee that makes decisions. Chinese companies have historically created backdoors in both software and hardware, and have no issues with stealing proprietary data, code, or designs.
Ignorance of security concerns is pretty much akin to the saying, “Well, I have nothing to hide. Who cares if the government spies on me.” It’s not just the US government saying it, it’s pretty much any security company or individual worth their salt saying it.
I just said Huawei exists in a socialist economy and is subject to state control, I was quite literally referencing the CPC Party Committee that ensures Huawei cooperates with collective planning. Further, the CPC, even if we considered them to be evil (which I don’t, for the record), still would be preferable over US-based companies as I’m a US citizen.
Huawei is employee owned. Further, it exists in a socialist economy and is subject to state control, it isn’t Huawei that has power over the economy, but the state that has power over Huawei.
China is definitely capitalist. How can they have competitive pricing? Slavery, like everyone else, and of course a shitload less regulation. Edit: Capitalism rewards abuse.
The PRC has a socialist market economy. The large firms and key industries are thoroughly publicly owned, public owmershio is the principle aspect of the economy. They are at a developing stage of socialism. As for working conditions, they are improving over time, and general material conditiond have skyrocketed over the last century.
Capitalism would be somewhere like the US Empire, where the large firms and key industries are overwhelmingly privately owned.
Wow, It’s actually better, then unregulated capitalism, but I still wouldn’t call it socialism. Thanks for the info.
No problem! What would it take for you to consider it socialist, though? The principle aspect of the economy is public ownership, so that should be enough by most standards to distinguish it from capitalism, where private ownership is the principle aspect.
It’s “employee owned” but still has a CCP Party Committee that makes decisions. Chinese companies have historically created backdoors in both software and hardware, and have no issues with stealing proprietary data, code, or designs.
Ignorance of security concerns is pretty much akin to the saying, “Well, I have nothing to hide. Who cares if the government spies on me.” It’s not just the US government saying it, it’s pretty much any security company or individual worth their salt saying it.
I just said Huawei exists in a socialist economy and is subject to state control, I was quite literally referencing the CPC Party Committee that ensures Huawei cooperates with collective planning. Further, the CPC, even if we considered them to be evil (which I don’t, for the record), still would be preferable over US-based companies as I’m a US citizen.