Communism with Chinese characteristics means one-party government but with most property in private hands and fair amount of free enterprise; it's a marvelous economic system and shouldn't be criticized for not being Western democracy.

normativepending

Speaker

Charlie Munger

Evidence Quote

“one party government but with most of the property in private hands and a fair amount of free enterprise...I don't care what he calls it. He was right. It was a marvelous thing to have done for China”

Source

Charlie Munger speaks at the Daily Journal annual meeting— Yahoo Finance
Created: 8/10/2026, 10:57:34 PM

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