What is red capitalist?

Answer 1

"Red capitalist" refers to a phenomenon in which individuals or entities in a communist or socialist system, particularly in China, leverage state support to amass significant wealth and engage in capitalist practices. This term highlights the blending of communist political ideology with capitalist economic behaviors, where entrepreneurs thrive within a framework that allows for market-oriented reforms while still adhering to the overarching control of the state. The concept underscores the complexities and contradictions of economic systems that combine elements of both communism and capitalism.