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A fair number of those lifted out of poverty were in China. Haiti is still the poorest country in the western hemisphere, despite having capitalism forced on th
by JDDunn9 11y ago
A fair number of those lifted out of poverty were in China. Haiti is still the poorest country in the western hemisphere, despite having capitalism forced on them. A black-and-white view of the world misses a lot. Economies wouldn't function without public utilities, roads, militaries, etc.
- patrickaljord 11y agoHaiti is more of a crony capitalism as it's one of the most corrupted country http://www.heritage.org/index/country/haiti http://www.heritage.org/index/country/haiti
- JDDunn9 11y agoCorruption is highly correlated with poverty. If you play the "no true Scotsman" fallacy with capitalism, where only the least corrupt countries are capitalistic, then by definition they will be wealthier as well.
- patrickaljord 11y agoThe USSR was capitalist too, it's just that the government held all of it. You have various kinds of capitalistic models, there is no "true capitalism" so I'm not claiming that all. You have mixed economies like France, Germany or the US where capital is shared between the private sector and the public one, then you have more free market oriented capitalism where capital flows more freely such as Switzerland or Singapour or Hong Kong where public sector holds much less capital. Note that mixed economies also have a decent amount of free market depending on the country. Crony capitalism is when most of the capital is held by the government and its cronies almost exclusively, this is probably one of the worst kinds of capitalism second only maybe to the Soviet model (and yes, they all have elements of cronyism but mixed and free market have much less). tl;dr: the freer the market the better capitalism works. Just have a look at the top freer economies here, they're also the wealthiest http://www.heritage.org/index/ranking http://www.heritage.org/index/ranking