jbond197
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It's just a name, not really an objective description.
The more academic description would be "state capitalism".
Yeah, it's just the name you have turned into a capitalist economy and with time will turn into a democracy. Btw, It's not a bad idea to grasp concepts slowly and gradually..
And I can only laugh when anybody says democracy is a failed experiment based on some rubbish ideas. What's wrong if people are angry? if they are angry democracy offers them a tool to change the govt they are unhappy with.. In other places, you may remain angry and can not do jack about it...