Comment Re:China's currency (Score 1) 598
The irony in all this is that China is still a communist country using capitalism to destabilise democracy.
China is communist by quirk of history only, much as the USA is democratic by quirk of history only. Both nations draw on their histories to unite their people. Neither speaks to modern realities having changed them.
China is clearly as capitalist as the USA, but while government in the USA is increasingly owned by corporate interests, in China it is the government that owns the corporations. While US corporations owned by disparate shareholders compete for relative advantage, Chinese corporations report to the Government who cares only for national advantage.
The outcome is thus not so much ironic, as inevitable.