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A comment on Qualcomm shook down the cell phone industry for almost 20 years (2019). Parent comment

Re:Qualcomm shook down the cell phone industry for almost 20... by Akronymus on Thursday June 02, 2022 @07:30AM (#31593626)
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.
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Re:Qualcomm shook down the cell phone industry for almost 20... by vkazanov on Thursday June 02, 2022 @08:26AM (#31593946)
Well, 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.

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