alt Hacker News>Then we torched it at just about the same time as the Chinese came along with a new form of government that I'm not sure the world has as yet even given a proper name. (I guess we can call it Communism? But everyone kind of knows that it's nothing like.)
I think the term is "state capitalism." (https://en.wikipedia.org/wiki/State_capitalism)
This term was how 'true leftists' would separate themselves from the Soviet Union and 'old communism'. So imo, China is something else. (Or as Chomsky says, USA is also state capitalist, so could be anyone!)