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RE: Ironically, Communist China May Be First To Move Government to Blockchain with Intelligent, Multifunctional Identities
china has a huge private sector. but anyway we may need a different definition :) Keep it up!
From what I know from friends that have spent years there recently, there is no true private sector in China. The marriage between industry and state is nearly seamless.
http://www.businessinsider.com/how-china-went-from-communist-to-capitalist-2015-10?IR=T/#following-the-ideals-of-karl-marx-and-vladimir-lenin-mao-tse-tung-created-and-became-the-chairman-of-the-peoples-republic-of-china-and-the-chinese-communist-party-in-1949-1
dictionary: Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
I agree, big changes are afoot, but to label this capitalism is dangerous. We have too many decrying a failure of capitalism in the West, when protectionist policies have created a Frankestein system no longer subject to market forces, IE, the "too big to fail" policies in our banking and government partnerships.
but whatever - it is just a matter of definition...