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The other three Asian tigers weren't democracies then, either. But along with Korea they were free market economies. While political freedoms were limited, it w
by xiaoma 9y ago
The other three Asian tigers weren't democracies then, either. But along with Korea they were free market economies. While political freedoms were limited, it was a far, far cry from the situation in any of the communist countries in Asia. The choice between living in South Korea vs North Korea was clear even in the mid 1980s.
- Synaesthesia 9y agoNot so clear before that. In fact the north did significantly better than the south then. There was a large influx of cash to South Korea from the Vietnam war (for which Korea provided 300000 mercenaries)
- Ting-wei 9y agoYeah, before that quite a few Koreans migrated from the South to the North, as the north was doing better initially.
- ryan606 9y agoThis is very interesting, and not something that many have given much thought to (including me). It suggests that Capitalism is a more effective path to freedom than Democracy, over the long term. Perhaps this bodes well for China.
- kobayashi 9y agoFree markets, free minds, free individuals. It's a libertarian mantra. I'm not a libertarian but the substance behind the credo is commendable and accurate.