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.
Kondratiev Wave. A theory stating that capitalist economies go through phases much longer than ordinary business cycles. That is, capitalist economies have cycles of 45-60 years, where they perform alternately well and then poorly. The cycle then starts over.