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China's flavor of capitalism is, indeed, a vast improvement over their communist past. But it includes a lot more state-involvement than the more laissez-faire
by the_gastropod 5y ago
China's flavor of capitalism is, indeed, a vast improvement over their communist past. But it includes a lot more state-involvement than the more laissez-faire style of the U.S.
- thaumasiotes 5y agoThey're also much poorer than the US is. They have most of the reduction in poverty because they started so low, not because they've ended up so high.