Re:Think twice before founding that free-market utopia
by ted_dunning on Thursday June 23, 2022 @12:00PM
(#31850967)
Your username is apt and seems to indicate that your comment is not in good faith.
Neither the US nor the UK are libertarian societies. Both have substantial safety nets and large governments that work (mostly) for the common weal.
Yes, during the 20th century, western economies did vastly better than, say, North Korea or the Soviet Union, but China in the 21st century is the odd data point. They are neither fish nor fowl, not communist, not really capitalist, certainly centrally controlled in some aspects and bizarrely wild west in others.
Neither the US nor the UK are libertarian societies. Both have substantial safety nets and large governments that work (mostly) for the common weal.
Yes, during the 20th century, western economies did vastly better than, say, North Korea or the Soviet Union, but China in the 21st century is the odd data point. They are neither fish nor fowl, not communist, not really capitalist, certainly centrally controlled in some aspects and bizarrely wild west in others.