You're right - China's economy is capitalistic, but its political system is not democratic. Their economy is definitely "for profit" and there's a lot of private ownership.
Well, it's as close to pure capitalism as you can get, then. I only use that term because you had use the term "socialized" :)
There's no safety net in China. No government assistance. NRCMCS does not exist in practical terms (As for source, this is what I hear firsthand from people who've lived in China).
It's highly amusing to hear people describe China as "socialist" or "communist" - the country and society is entirely capitalistic.
I hear you. Many laws are like this, but is it okay to shutdown the government because you don't like one law? Is this an acceptable tactic? If so, what's to prevent the democrats from shutting down the government in the future (with a Republican president, for example).
I don't agree with President Obama on many things, but for this one I do.
The President of the United States, regardless of party affiliation, cannot and should not govern under threat of extortion. Shutting down the government because a minor segment of the House of Representatives does not like Obamacare is tantamount to blackmail.
There's no safety net in China. No government assistance. NRCMCS does not exist in practical terms (As for source, this is what I hear firsthand from people who've lived in China).
It's highly amusing to hear people describe China as "socialist" or "communist" - the country and society is entirely capitalistic.
The President of the United States, regardless of party affiliation, cannot and should not govern under threat of extortion. Shutting down the government because a minor segment of the House of Representatives does not like Obamacare is tantamount to blackmail.