narwhal@mander.xyz to Memes@lemmy.mlEnglish · 2 months agoAnother Mindsetimagemessage-square3linkfedilinkarrow-up137arrow-down12
arrow-up135arrow-down1imageAnother Mindsetnarwhal@mander.xyz to Memes@lemmy.mlEnglish · 2 months agomessage-square3linkfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up21·2 months agoBasically, China is a command economy where markets are used as allocators. The goals are decided by the state, and markets are used to figure out how to move resources around efficiently to achieve these goals.
minus-squareCowbee [he/they]@lemmy.mllinkfedilinkarrow-up13·2 months agoYep! That’s a great way to describe it.
Basically, China is a command economy where markets are used as allocators. The goals are decided by the state, and markets are used to figure out how to move resources around efficiently to achieve these goals.
Yep! That’s a great way to describe it.