That's like saying "Those young people aren't what they used to be. 40 years later, they got old." If China and Vietnam "allow capitalism to operate there" they're obviously not communist in anything but their party name by any sensible definition of Communism.
Cuba, North Korea, and Venezuela qualify. China and Vietnam do not.
“That’s like saying “Those young people aren’t what they used to be. 40 years later, they got old.” If China and Vietnam “allow capitalism to operate there” they’re obviously not communist in anything but their party name by any sensible definition of Communism.
Cuba, North Korea, and Venezuela qualify. China and Vietnam do not.”
You are accurate in what you say. Yet we still have talked about China as a “communist” nation, from the era of state ownership and direction of an authoritarian command economy.
The state ownership has changed, but I suspect careful study would show the power of the state over just who gets to do what, when, how etc. E.g. authoritarian and command.
China and India are viewed by international businesses as their biggest opportunities for luxury consumer goods, by their growing middle classes.
Autos are an excellent example.