Re:Degrees of Wealth
by anovikov on Thursday August 06, 2026 @11:19AM
(#49197920)
This is striking. So much for the "socialist" society in China as opposed to "capitalist" in Netherlands.
[ Parent
| on HN ]
Yeah there is a little bit of irony versus the common narratives, though if you ask Google what type of economy these two countries are, it will tell you the Netherlands is a “social market economy” and China is a “socialist market economy” (and an example of “state capitalism”), at least since 1978 (~50 years). There is a difference between social and socialist in those terms, but both countries are still summarized as market economies…