4 ms·
I'd argue that under capitalism the bottom 5% still live better than the bottom 50% under communism. Altough, that doesn't correct for the technological/geograp
by Akronymus 4y ago
I'd argue that under capitalism the bottom 5% still live better than the bottom 50% under communism. Altough, that doesn't correct for the technological/geographical differences.
- vkazanov 4y agoWell, the science of political economy is not really science so hard to tell. :-) It seems, though, that capitalism does allow for faster wealth generation. Given proper corrections and balances, of course. I can name quite a lot of countries that never went the socialism way, but are not rich in any sense of the word.