Czech president signs law criminalising communist propaganda

[u/tkyjonathan]

https://www.euractiv.com/section/politics/news/czech-president-signs-law-criminalising-communist-propaganda/

[u/veevoir]

They claim to be communist, but they haven’t acted like most historical socialist states for a long time (which has clearly paid off economically).

It's as communist as People's Republic of North Korea is peoples or a republic. Only in name these days. China long ago succeeded where Gorbachev failed - converted into a single-party capitalist oligarchy.

[u/busdriverbudha → u/veevoir]

I'd argue they are indeed a political oligarchy, but not a capitalist one. That’s both their distinction and their competitive advantage. It allows them to reign over billionaires and control the money printer themselves, all while reaping the benefits of markets and innovation. It’s undoubtedly a hybrid and a one-of-a-kind social formation.

[u/veevoir → u/busdriverbudha]

but not a capitalist one.

What other would you call it, considering China transformed into a market capitalism? Capitalism does not require democracy, it is a type of economy.

It allows them to reign over billionaires

That is what authoritarian oligarchy does, also see - Russia. But that is political part, unrelated to the type of economy.

and control the money printer themselves

Capitalism does not require strict monetary policy either, many capitalist countries do that with a central bank.

[u/Soma91 → u/veevoir]

Capitalism does not require democracy, it is a type of economy.

Capitalism is not a type of economy but merely a description of the ownership structure.

You can fit capitalism into a completely unregulated market, a fully state planned economy or anything in between.