Research

It should be obvious by now that China’s political economy is a special hybrid: politically dominated by one-party rule but economically capitalist. However, it is not completely capitalist as China has a robust social safety net with free universal public healthcare, nine years of free education, and a massive governmental commitment to building and maintaining the modern infrastructure that makes economies more efficient. These public commitments were an essential part of allowing the Chinese to overcome the depredations of the colonial era, and they have continued to this day.