Early voting in Georgia. On the 20th of October this old Goldwater conservative voted against both Donald Trump and Hillary Clinton by casting my vote for Gary Johnson. Neither Trump or Clinton belong within a million miles of the Oval Office.
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In this system, governments use various kinds of state-owned companies to manage the exploitation of resources that they consider the state's crown jewels and to create and maintain large numbers of jobs. They use select privately owned companies to dominate certain economic sectors. They use so-called sovereign wealth funds to invest their extra cash in ways that maximize the state's profits. In all three cases, the state is using markets to create wealth that can be directed as political officials see fit. And in all three cases, the ultimate motive is not economic (maximizing growth) but political (maximizing the state's power and the leadership's chances of survival). This is a form of capitalism but one in which the state acts as the dominant economic player and uses markets primarily for political gain.
- See more at: We're All State Capitalists Now
Uh, to illustrate that China is still a command economy and has merely transformed to the model formulated by Mussolini.
Private ownership does not equate directly to a free market. China is anything but free, the state heavily manipulates the production of goods, generally in conjunction with foreign corporations.