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Big oil quietly walks back on climate pledges as global heat records tumble
(www.theguardian.com)
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Well if you think 'because they say so' is reason enough there's not really any further to go here I don't think. I was hoping you'd have a more interesting answer about how the economy is structured or how resources are distributed. It looks more like an authoritarian flavour of capitalism to me but I'm no politics expert so I only have a layman's view, more than happy to be corrected.
Dude, the reason you think they're capitalist is because someone on Lemmy said so, I'm not going to put effort into correcting something that didn't have evidence behind it to begin with. I'm not going to sit here and try to prove a negative to correct your layman's view, that's not how conversation works.
They have private companies and a market economy, how is that a communist economy exactly ?
If your only argument for saying they're communist is because they said so, then you must also believe that north korea is a democracy right ?