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China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

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[–] [email protected] 1 points 10 months ago (1 children)

That's part of it, even if that's not the only part.

Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.

Source: https://en.m.wikipedia.org/wiki/Capitalism

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). "True Capitalism has never been tried before!"