Fire departments are excellent examples of socialism. People pool their money through taxes and a service is given to the people from which everyone benefits.
Cancelling private insurance to increase profits is a function of unregulated capitalism.
#Socialism
Two sixth generation aircrafts are tested;
076 drone carrier is launched;
New generation early warning aircraft KJ3000 is tested;
450km/h high-speed railway is put into operation experiment;
Various types of new drones at the Zhuhai Airshow;
Unitree's stunning robotic dog;
Huawei's cool new phones;
China's dazzling new EV cars;
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Recently, China's technological and military development has shown an explosive growth. The innovation speed of China not only leaves foreign countries, especially the West, stunned, but also shows a trend of absolute dominance. This is essentially attributed to three reasons:
1. China has a large number of young and highly qualified engineers. Since 2019, China has added 40 million new engineers, while the United States's entire engineer group is only 37 million and is aging.
2. The Chinese are smart and hardworking. There are very good at solving various problems in science, technology, military and industry.
3. China has a good system, and the combination of socialism and market economy works well. CPC gov provides good leadership.