narwhal@mander.xyz to Memes@lemmy.mlEnglish · 28 days agoAnother Mindsetlemmy.mlexternal-linkmessage-square5fedilinkarrow-up158arrow-down13
arrow-up155arrow-down1external-linkAnother Mindsetlemmy.mlnarwhal@mander.xyz to Memes@lemmy.mlEnglish · 28 days agomessage-square5fedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up17·28 days 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-up10·28 days 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.