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Industrialization occurred using capitalism; it's a symbiotic relationship. Factories/industry are privately owned and operated for profit.

• pessimizer 10y ago
  Not the industrialization of China or Russia, two of the most rapid industrializations in human history. Private ownership isn't a requirement for factories nor industry, and the degree of subsidy in nominally capitalist systems can be startling.
  • selectodude 10y ago
    The industrialization of China and Russia killed like 100 million people. And China didn't really take off until the liberalization of the economy under Deng. I wouldn't call that a ringing endorsement of socialism.
    • realusername 10y ago
      You seem to forget the second world war somewhere... That's not socialism which killed all those Russians, just the Stalingrad battle alone killed 1.2 million soviets.
      • selectodude 10y ago
        The famines that resulted from the Soviet five-year plans killed many many millions of people. I wasn't thinking about either world war.
        • realusername 10y ago
          The famines obviously did not kill 100 million people then, it's more than the total number of deaths of the second world war...
          • selectodude 10y ago
            The great Chinese famine killed more people than the Nazis.