• UnderpantsWeevil@lemmy.world
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    7 hours ago

    capitalism is also a declared enemy to communist countries

    Colonialism tends to be the explicit professed enemy. Communism, as a practical economic policy, revolves around securing domestic resources for the benefit of the local public. China’s managed this phenomenally.

    What Chinese policymakers object to is extraction of Chinese surplus at a loss. And foreign capitalists hate this, because it cuts into their profits.