Makes ya wonder why the current administration has not voiced strong, unequivocal support for the protesters. Deal with China? Cash trumps freedom in a transactional, non-ideological president.
Makes ya wonder why the current administration has not voiced strong, unequivocal support for the protesters. Deal with China? Cash trumps freedom in a transactional, non-ideological president.
Trump the crony-capitalist knows full well which side delivers his Chinese patents.
"
State capitalism is an
economic system in which the
state undertakes commercial (i.e.
for-profit) economic activity and where the
means of production are organized and managed as
state-owned business enterprises (including the processes of
capital accumulation,
wage labor and
centralized management), or where there is otherwise a dominance of
corporatized government agencies (agencies organized along business-management practices) or of
publicly listed corporations in which the state has controlling shares.
[1]
"
Marxist literature defines state capitalism as a social system combining
capitalism with ownership or control by a state— by this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge
corporation, extracting the surplus value from the workforce in order to invest it in further production.
[2]"
State capitalism - Wikipedia