• vga@sopuli.xyz
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    10 hours ago

    What does it mean though? China’s gini coefficient is higher than Europe’s, and they have a growing number of billionaires.

    • Cowbee [he/they]@lemmy.ml
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      9 hours ago

      Socialism is a Mode of Production determined by having public property as primary. In China, large firms and key industries are firmly under public ownership and control, and they actually have a falling number of billionaires in the last couple years.