Everywhere in the world that things go better, where the poor get richer, where the rich also get richer, in every single case it’s down to capitalism. ,
“But isn’t China socialist?”. “Didn’t China have huge growth since 1980?”. Yes to both. But but…. The growth wasn’t down to socialism. It was and is, very simply, because the Communist Party allowed the market to expand. It was market expansion, aka capitalism, that grew the growth.
China has been economically successful to the exact extent that it has allowed market forces to operate.
I saw that with my own eyes on the ground in China, from the 1970s to now.
Whenever China shifts back to more Party control, growth stops or slows. We’ve seen it. I’ve seen it, lived it, experienced it.
That’s the reality of the world in the last century. Capitalism works.. Socialism doesn’t.
It’s Capitalism all the time, all the way.
