> If the country had never gone that direction it would have spent many more decades being a quasi-feudal land stuck the the middle ages Capitalism was the end

> If the country had never gone that direction it would have spent many more decades being a quasi-feudal land stuck the the middle ages Capitalism was the end of such arrangements in the most developed parts of the world. Individualism helps since individual investors benefits from investing in better equipment making people more productive and thus helping living standards overall. Social solutions to the same problem doesn't come close to being as effective at eliminating such inefficiencies. The main thing social solutions can do is provide baselines to the population such as education and healthcare as you say, but without capitalism to follow-up with targeted investments the country will remain poor even if its population is extremely educated. Social solutions are just very bad at using peoples talents well, they have a too collectivist view and don't see the individuals.