Using that logic, the US isn't a capitalist nation and venezuela isn't a socialist nation. And the guy's assertion that venezuela is suffereing because of state socialism is pointless.
China and venezuela are both socialist countries. You can't just decide to accept one because it fits into your worldview and reject the other because it doesn't.
Yes there is. All nations on earth adhere to the capitalist mode of production, entailing the following: primacy of wage labour, capital accumulation by the owners of the means of production, majority capitalist control over the means of production, the existence of private property and the fact that commodities (which have use and exchange value) are produced rather than simple good (which have only use value).
This is what Marxists mean when they talk about the difference between capitalism and Socialism.
>China and venezuela are both socialist countries.
Why? What precisely makes them socialist, and by whose definition? North Korea calls itself "democratic".
No they're not. Production isn't controlled by the public. China doesn't even classic social-democratic policies like free health care, free higher education or a strong welfare system. It's much more a cut-throat proto-capitalist state, which happens to also also a not a democracy.
China is an autocracy, which is a form of government associated with the east block that used to call itself socialist and communist. Socialism is an economic system that China doesn't have.
At what level of government control over the economy do you draw the line between socialism and capitalism? It can't be 100%, that's called communism. If you draw it at 50% for socialism, a very good argument exists that we are there right now, just establish that the government controls anywhere near 20% of the decisions private businesses make.
Socialism isn't ever absolute...as if the Nordic Model isn't "socialist" either.
