TBH I agree with you, even mentioned it in my other reply.
Modern China is not like the Soviet Union; it is much closer to a capitalistic society, but instead of private equity there is a (heavier than even the most 'socialist' of EU nations) government planning push.
In some ways, one could argue they're just taking lessons learned from all of the current systems and applying them aggressively in their centralized planning.
As someone who has lived in/around the heart of the 'Arsenal of Democracy' for my whole life, gotta say they are taking better lessons learned than the US has.
Modern China is not like the Soviet Union; it is much closer to a capitalistic society, but instead of private equity there is a (heavier than even the most 'socialist' of EU nations) government planning push.
In some ways, one could argue they're just taking lessons learned from all of the current systems and applying them aggressively in their centralized planning.
As someone who has lived in/around the heart of the 'Arsenal of Democracy' for my whole life, gotta say they are taking better lessons learned than the US has.