A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

  • Hirom@beehaw.org
    1·
    7 months ago

    That’s part of it, even if that’s not the only part.

    Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.

    Source: https://en.m.wikipedia.org/wiki/Capitalism

    • t3rmit3@beehaw.org
      1·
      7 months ago

      Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). “True Capitalism has never been tried before!”