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.
Capitalism, Socialism, and Communism. Definition-. Capitalism- Capitalism is an economic system through which businesses are privately owned in order to make a profit. This system follows the laws of Adam Smith, including the law of competition, law of self-interest, and law of supply and demand.