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I general anything works fine as long you are the monopoly. If every country in the world would be a capitalist nation, then it will be back to the same donkey
by kamaal 11y ago
I general anything works fine as long you are the monopoly. If every country in the world would be a capitalist nation, then it will be back to the same donkey slogging for everybody.
>>On the other hand, what was generally successful was democratic governance (maybe with exception of India and China).
As an Indian, Let me tell you. It is actually quite successful in India. Issues in India have more to do social-cultural set up of the society than anything else. You don't change these sort of things with change in governance and economic systems.
Free market/Communism/Socialism aren't panacea. One needs to stop looking them as hammers and all problems as nails.