4 ms·

I am aware of this. India has been a market economy since the 90s. Is almost 30 years not enough for the magic of markets to improve the situation? Regarding

I am aware of this. India has been a market economy since the 90s. Is almost 30 years not enough for the magic of markets to improve the situation? Regarding China, "legal status" is irrelevant. Prices in China are set via market mechanisms. That is a market economy, period. Your link boils down to this: > According to the EU, China subsidizes its industries to a great extent, particularly steel and aluminum, making their sales prices in the international market unfair. This is essentially saying China is using market mechanisms that the EU does not like. Moreover, according to https://en.wikipedia.org/wiki/Socialist_market_economy#Market_socialism_versus_capitalism https://en.wikipedia.org/wiki/Socialist_market_economy#Marke..., "Julan Du and Chenggang Xu analyzed the Chinese model in a 2005 paper to assess whether it represents a type of market socialism or capitalism. They concluded that China's contemporary economic system represents a form of capitalism rather than market socialism...." Rectified. In response to your edit: "Currently a majority of North Koreans are dependent on markets for their survival." See https://en.wikipedia.org/wiki/Jangmadang https://en.wikipedia.org/wiki/Jangmadang. North Korea is also a market economy. In what way has the US interfered in South Korea or Japan since 1950? How does that compare to being sanctioned and embargoed by every major Western nation? Would you like to hear about Cuba instead?

cscurmudgeon 6y ago
> Is almost 30 years not enough for the magic of markets to improve the situation We are leaving out the 300 years of colonialism. And 50 years of socialism. 30 years is not enough to move a billion people out of the ills of socialism and colonialism The US stopped interfering in South America by the 90s. By your own logic, how long do the socialist countries in South America need to recover from US interference? 10 years? 30 years? 100 years? 1000 years? >In response to your edit: "Currently a majority of North Koreans are dependent on markets for their survival." See https://en.wikipedia.org/wiki/Jangmadang https://en.wikipedia.org/wiki/Jangmadang. North Korea is also a market economy. You are missing the point here. The illicit market economy is what is helping them survive the legal socialist economy. Thank the market economy for saving the NK. > In what way has the US interfered in South Korea or Japan since 1950? How does that compare to being sanctioned and embargoed by every major Western nation? Would you like to hear about Cuba instead? Care to tell me first how the US has interfered in Mexico?
- dang 6y ago
  Please stop. Ideological and nationalistic flamewar on the internet is tedious, predictable, and therefore off topic here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
dang 6y ago
Please stop. Ideological and nationalistic flamewar on the internet is tedious, predictable, and therefore off topic here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- pmiller2 6y ago
  Which part offends: my defense of the claim that India, China, and North Korea are market economies, or the part about how the US interferes in other nations' affairs? Can you be more specific as to what I'm to stop? Did I not mention UBI and land value taxes enough, or something?
  - dang 6y ago
    None of that. It's the tedious and predictable aspects. These arguments are an endless carousel. They turn nasty and convince no one. If that's the game you want to play on the internet, there are other carnivals.

cscurmudgeon 6y ago

> Is almost 30 years not enough for the magic of markets to improve the situation We are leaving out the 300 years of colonialism. And 50 years of socialism. 30 years is not enough to move a billion people out of the ills of socialism and colonialism The US stopped interfering in South America by the 90s. By your own logic, how long do the socialist countries in South America need to recover from US interference? 10 years? 30 years? 100 years? 1000 years? >In response to your edit: "Currently a majority of North Koreans are dependent on markets for their survival." See https://en.wikipedia.org/wiki/Jangmadang https://en.wikipedia.org/wiki/Jangmadang. North Korea is also a market economy. You are missing the point here. The illicit market economy is what is helping them survive the legal socialist economy. Thank the market economy for saving the NK. > In what way has the US interfered in South Korea or Japan since 1950? How does that compare to being sanctioned and embargoed by every major Western nation? Would you like to hear about Cuba instead? Care to tell me first how the US has interfered in Mexico?

dang 6y ago
Please stop. Ideological and nationalistic flamewar on the internet is tedious, predictable, and therefore off topic here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

dang 6y ago

Please stop. Ideological and nationalistic flamewar on the internet is tedious, predictable, and therefore off topic here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

pmiller2 6y ago
Which part offends: my defense of the claim that India, China, and North Korea are market economies, or the part about how the US interferes in other nations' affairs? Can you be more specific as to what I'm to stop? Did I not mention UBI and land value taxes enough, or something?
- dang 6y ago
  None of that. It's the tedious and predictable aspects. These arguments are an endless carousel. They turn nasty and convince no one. If that's the game you want to play on the internet, there are other carnivals.