No, I said the US avoided nationalizing production but rather nationalized the results of production ie income,corporate, and capital gains tax. Its a more workable form of Marxism.
"Fascism" is my street level impression of China.
Capitalism + totalitarian government = Fascism, right?
It certainly isn't Communist. Get rich quick books line the streets and ever back alley is humming with commerce. The word communist doesn't spring to mind.