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China is successful now entirely as a result of their conversion to capitalism. This is an extremely well known fact about China. China tried communism, it went
by darawk 8y ago
China is successful now entirely as a result of their conversion to capitalism. This is an extremely well known fact about China. China tried communism, it went absolutely terribly. They changed to capitalism, and things got good. I can't imagine an example that more perfectly agrees with my point.
- whatever1 8y agoHow is Facebook doing in capitalist China?
- whatever1 8y agoAlso, in which textbook is it stated that capitalism requires joint ventures of the government with every multinational company that tries to operate whithin its borders?
- darawk 8y agoThey're not fully capitalist. Their economic success began when they started their slow conversion to capitalism, and has proceeded in lockstep with their loosening of economic regulation. This is not a co-incidence.
- acchow 8y agoFacebook is banned behind the Great Firewall. Regardless, what does this have to do with the discussion?
- whatever1 8y agoThe People do not have stake at company A. Company A does not share the true values of the People. Company A is now banned. Repeat until all companies comply.
- viraptor 8y agoTrue. But what does this have to do with poverty levels discussed here?
- whatever1 8y agoThat you cannot call capitalism any successful economic system. China proved that a protectionist model with colossal government intervention can successfully reduce poverty.
- darawk 8y agoChina proved that you can reduce poverty in spite of those things. There is precisely zero evidence that those policies have done anything to reduce poverty, and a mountain of evidence that those policies, in general, exacerbate poverty.
- Apocryphon 8y agoWhat do you think China did to reduce poverty?
- acchow 8y agoI believe we mean "capitalism" as in capital is held by private owners in search of profit instead of owned by the state. Not necessarily free trade with other countries. China has a sort of partial capitalism in that some big companies are 50% owned by the state.
- JumpCrisscross 8y agoThis argument makes no sense. Huawei is banned in America.
- whatever1 8y agoIn Trump’s America.