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That doesn't apply to the stunning rise in prosperity in India and China more recently, though.
by jimbokun 5y ago
That doesn't apply to the stunning rise in prosperity in India and China more recently, though.
- pwinnski 5y agoInasmuch as the stunning rise in prosperity in China is relevant, it should be noted that China is a communist country, so it's not clear that any increase in prosperity there can be attributed to capitalism.
- jimbokun 5y agoChina is not economically communist. They have adopted a heavily capitalist economic model and have seen their prosperity rapidly improve since then.