I feel like the "authoritarian capitalism" trope is inaccurate.
China introduced some elements of capitalism and liberty into its economy, but clearly retains government control over what would otherwise be independent companies.
Whether it chooses to exercise that control is immaterial -- the CCP obviously believes very strongly that if needed it has that control.
And legally, it does.
In that respect, China looks much more like the late-stage Soviet Union, where a diversity of political power groups (some allied, some opposed) give the illusion of a free market to a command economy.
China introduced some elements of capitalism and liberty into its economy, but clearly retains government control over what would otherwise be independent companies.
Whether it chooses to exercise that control is immaterial -- the CCP obviously believes very strongly that if needed it has that control.
And legally, it does.
In that respect, China looks much more like the late-stage Soviet Union, where a diversity of political power groups (some allied, some opposed) give the illusion of a free market to a command economy.
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