Its run by the communist party, whose purpose is guiding the country to communism and self dissolution; which has necessitated not skipping over the industrial and consumer revolutions, both of which likely require capitalism, but in any case have been done with capitalism so that path is easier and known, allowing them to benefit from the waste from less competent countries.

Or in other words, they’re the only country in history to execute billionaires, whatever they are is objectively better than the US or EU.