Second, on the ocean, all these other boats were telling t â¦ he Titanic about ice locations when they ignored it. They didn't care. They ended up striking the iceberg on the starboard side of the boat on April 14, 1912.
China is no doubt one of the most capitalist countries in the world, but with a lot of corruptions. Chinaâs capitalism economy is mainly running or controlled by one boss only, the communist party. Remember: the China Communist party isnât communism, even though they say theyâre socialism, you all got this wrong.
In a pure socialist economy, there is no free market like we see in a capitalist nation. The government provides for the people. The taxes are usually higher than in a capitalist system.