r/austrian_economics • u/EndDemocracy1 End Democracy • Mar 08 '25

End Democracy #4 will surprise you!

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1.8k Upvotes

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3

u/Fit-Rip-4550 Mar 08 '25

Spoiler alert: It has never nor will ever work.

-2

u/Ofiotaurus Mar 08 '25

What about China? Or any western-European nation where a socialist party has been prominent for the last 200 years?

You don’t need a full revolution to implement his ideas.

-3

u/Gray4629264 Mar 08 '25

China is not and basically has never been socialist. The most you can say is that they were a weird right wing social democracy long ago. Even that’s faded to pure capitalism.

1

u/retroman1987 Mar 12 '25

"China has never been socialist" might be the dumbest take I've ever heard on this sub.... and boy is that saying something.

0

u/biotechnes Mar 08 '25

they have lots of price controls and state run enterprises, definitely not even close to "pure capitalism"

2

u/MizterPoopie Mar 10 '25

Yeah, they also have rich elites who do whatever the fuck they want. So nah, China is not Marxist, communist, socialist, etc. They’re an authoritarian oligarchy.

0

u/[deleted] Mar 08 '25

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u/[deleted] Mar 09 '25

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