On that note, an article was just posted on here about how Chinese companies are going bust left and right: https://news.ycombinator.com/item?id=19858288

While many people have stopped believing this, it really is true that free economies outperform planned ones, and when the planned ones explode, they tend to explode spectacularly. The only mitigating counterpoint is that it's not clear how free the US and EU economies really are these days, as they've increasingly become dominated by large companies via market power, lobbying and regulatory capture.