Socialism vs Capitalism: The Truth About China's Economic System

Is China capitalist or socialist? This is one of the most debated questions online. In this video, I break down the fundamental differences between socialism and capitalism and explain exactly why China is a socialist country, not a capitalist one. We'll look at state-owned enterprises, land ownership, healthcare, and how the economy is structured to benefit the people, not just a few capitalists. From its history as one of the world's poorest nations to a global leader, understand how the socialist system with Chinese characteristics works.

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CHAPTERS / TIMESTAMPS:
00:00 - The Big Question: Is China Capitalist?
00:37 - Socialism vs. Capitalism Explained
02:06 - Who Owns What? Means of Production in China
04:04 - Real World Example: Windmills in the Netherlands
04:30 - Why Foreigners Can't Buy Land in China
05:50 - The Result: Cheap Healthcare, Transport & Housing
06:43 - Contrast with the USA's Capitalist Problems
07:59 - China's History: From Extreme Poverty to Power
08:36 - The End Goal of Communism
09:33 - The Purpose of an Economy: People vs. Profit
11:11 - Final Thoughts & Beautiful Beach View

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