It's you that compares them to NK, Russia and China, i don't really allude to that as it's not that straight forward. Commie not really the correct word but is a close fit in many ways but not all. I don't think the dictionary has wording for what they really are.
The economics we use is more commie and controlling than free market based.
When the government grows it's GDP and economic growth by mainly growing the size of government rather than the public sector over long periods of time like the western nations have then that is in a general sense communist policy, centralization is what communism is in it's basic form and thats what our western Governments have been forcing through it's economic and social polices, it never use to be like this, western nations use to have industry and more freedoms and markets were also more free.
Here our Government grows itself buy robbing existing wealth rather than creating more, the tax on unrealised gains is just one example.
This economic model and continuation of it can only end with Government controlling the economy in whole but in a deceptive way because what happens is big companies end up controlling all sectors, Bunnings, Woolies, Coles, Dam Murphys and the Banks are just a few examples, after this happens then Superfunds and activist investors influence political based CEO's the Government basically wants and controls and we we end up with what may look like on the surface some sort competitive market but in reality it's all completely controlled and this is why we see Qantas advertising political policies on it's planes for Albo's treaty, Woolies deciding not to see Australia day gear, Coles promoting rainbows etc etc, companies shouldn't be advertising, spending shareholders monies on Government agendas if we lived in a true democracy and free markets.
What western Governments need to do economically is to stop increasing their share of the economy and increase the free market business/company/small business share and this is basically what the Trump admin want to do, it's the only logical solution to western government debt levels and lack of economic growth. Fingers crossed they don't fail but if they do it doesn't matter because we were going to fail anyway the way we're going but at least if they do fail in the future we can look back and say at least we tried.
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