If you’re heavily regulated and you’re running a large public sector for critical supply and services and you’re subsidizing quality of life for the public with high taxes on the wealthy and yadda yadda yadda…
That’s Not Real Capitalism.
It's not 100% free market libertarian Capitalism, I suppose, but who wants the extreme form of anything? There is no perfect economic system, certainly not Communism. Regulated Capitalism has been proven to work reasonably well—provided the regulations are smart and kept in place. Good governance is about balance and compromise; no ideological system has ever been shown to work on its own in the real world.
All the worst ones are, too.
Almost all of your examples are from underdeveloped, poor countries. Yes, living in a poor country does suck, but the cause is more exploitation from outside rather than Capitalism from within.
That’s a bald faced lie.
- China: The People's Republic of China is ruled by the Chinese Communist Party (CCP). While the economy has undergone market-based reforms and includes private ownership, the government maintains extensive control. The CCP controls all state institutions, and senior government officials are appointed by the party.
- Cuba: The Communist Party of Cuba has held power since the 1960s. Like China, Cuba has permitted increasing levels of private enterprise in recent years while remaining a one-party authoritarian state that suppresses dissent.
- Laos: The Lao People's Revolutionary Party (LPRP) is the only legal political party and dominates all aspects of politics. While the country has seen increased market reforms and private property, the LPRP maintains a strong grip on power, and elections are not considered free or fair.
- North Korea: The Workers' Party of Korea rules North Korea as a dynastic totalitarian dictatorship under the leadership of Kim Jong Un. The government maintains rigid control over the population, and elections are not free or fair.
- Vietnam: The Socialist Republic of Vietnam is dominated by the Communist Party of Vietnam (CPV). Like other modern Communist states, it has implemented market-oriented economic reforms while maintaining its one-party rule. The CPV controls the electoral process, and genuine independent candidates are largely banned.