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Where the Top 1% of Chinese People Buy Their Groceries

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LOL, Communism died in 1991.

China's current system is called "Socialism with Chinese characteristics", or what Western analysts refer to as "State capitalism".

Considering that is a comment of a video called "where the top 1% chinese people buy their groceries", may be it is a satire.
 
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LOL, Communism died in 1991.

China's current system is called "Socialism with Chinese characteristics", or what Western analysts refer to as "State capitalism".

My comment was meant to be sarcastic.

Btw, state capitalism isn't a Chinese invention. The Kemalist ideology was/is still partly based on state capitalism.

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Back to topic:

China's current economic system is a mix of Manchester capitalism and neoliberal market conception controlled by big state companies.
 
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Who said it was?

Socialism with Chinese characteristics is a Chinese invention though.

Trying to present a Western ideology as Chinese won't change the fact that it has in fact a non-Chinese origin. And it is bound to fail. The current system in China is anything but socialist in the sense of Marxism.
 
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And it is bound to fail.

Yes, clearly it is China's system that is bound to fail, and not Turkey's system. Clearly it is China that has collapsing economic and government systems, not Turkey. Not to mention the Islamist politics and military coup attempts, and war on the border, or the newly forming Kurdish state. The once shining economic star, collapsing into extremism.
 
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Yes, clearly it is China's system that is bound to fail, and not Turkey's system. Clearly it is China that has collapsing economic and government systems, not Turkey. Not to mention the Islamist politics and military coup attempts, and war on the border, or the newly forming Kurdish state. The once shining economic star, collapsing into extremism.

Unlike Chinese, we Turks never had a period of time without a central power [government]. This is what kinda makes Turkey special in the ME/SE Europe.

I meant that trying to show a Western ideology (Socialism) as a Chinese invention is bound to fail. My bad. However, this does not change the fact that the current Chinese system has major weaknesses. Of course, the liberal societies in the Western world have big internal issues as well. Personally, I prefer a system with elements of both systems.
 
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I thought that food was cheap in china including western brand.
My uncle told me he had pay something like 4 to 5 pound for weetabix in Pakistan, now that is ripp off.
This is cheap chemical mass produced food i am talking about.
 
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Unlike Chinese, we Turks never had a period of time without a central power [government]. This is what kinda makes Turkey special in the ME/SE Europe.

I meant that trying to show a Western ideology (Socialism) as a Chinese invention is bound to fail. My bad. However, this does not change the fact that the current Chinese system has major weaknesses. Of course, the liberal societies in the Western world have big internal issues as well. Personally, I prefer a system with elements of both systems.

Every system inherits something from somewhere. One can say that EU system now imitates (or copy, or whatever word) the Spring-Autumn period of China 2,800 years ago. That does not change the fact that EU is very different compared to China 2800 years ago, and China is very different compared to blah blah system you mentioned.
 
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The reverse is also true, Chinese food cost probably the same (if not more) if you want to buy them in Australia, the same thing you got with American Products in Australia, Australian and Chinese food in America, American and Australian food in China.

I used to go to the one American Food Market and fork out $13 ($10 USD) a box of American Cereal- Which cost $3.99 in the US, A$11 a box of 8 Pop tart (Which cost around 3 USD in the US) and I buy a lot of Chinese Crackers, Cakes, and so on in Chinese Shop around, they are about 3 to 4 times the price they were sold in China and Hong Kong.

But then I am paying about the same different in 3 to 4 folds for Australian food in Hong Kong and US. (Tim Tams, Weet-Bix, Aussie Pies)

A friend of mine actually earn quite a lot of money importing food from Australia to China, in China, the best selling is Baby Formula (I can get one here in Woolworths for A$19.99 and sold them for 450 RMB in China) Weet-Bix is about 200 RMB for A$3.99) Tim Tams, Cheerios, corn chips are generally 3 to 4 times (buying for A$2.00 and selling for 30 to 40 RMB)
 
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