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Re:The lessons from America’s astonishing economic record by camillomiller on Sunday April 16, 2023 @01:12PM (#35591972)
Check your facts. As much as I am a firm European democrat, you might wanna see what Chinese “state driven capitalist communism” has done between 1975 and today. Again, if the measure is number of people lifted out of poverty, China wins hands down.

Now, as much as we can’t consider China’s success without considering the lack of freedoms inscribed within the communist social pact, we can’t take just the good of American capitalism by only using gdp or trade volume as an indicator, because - again - inequality and lack of basic human needs and life safety wouldn’t be included.

Reference: https://www.worldbank.org/en/news/press-release/2022/04/01/l...

Re:The lessons from America’s astonishing economic record by colonCapitalDee on Sunday April 16, 2023 @01:35PM (#35592286)
An alternative take would be that China only saw prosperity after partially adopting Western economic values. Additionally, Chinese economic development and Western economic development occurred in vastly different contexts. China had access to Western imports to jump start their industrialization and access to the Western scientific and policy know-how needed to build an advanced economy. The West had to figure things out as they went along. This is obviously a broad generalization, I just want to make the point that China is definitely not a slam dunk counterexample
Re:The lessons from America’s astonishing economic record by satvikpendem on Sunday April 16, 2023 @01:41PM (#35592346)
You're reinforcing my point. China grew so fast due to embracing market capitalism with Deng Xiaoping, whereas Mao before wanted Marxist-Leninist central planning, which predictably failed. There's nothing "capitalist communist" about it, they're not even communist at all since workers don't own the means of production. Now I'm not saying the American model is great either, but market capitalism is an incredible invention.
Re:The lessons from America’s astonishing economic record by DwnVoteHoneyPot on Sunday April 16, 2023 @01:22PM (#35592105)
Check your perspective. Taiwan, Hong Kong, Singapore, Japan, Korea all industrialized faster and have a higher standard of living than China.

All did it in the 1980s - 40 years ago. All did it without oppressive communism.

Re:The lessons from America’s astonishing economic record by lostlogin on Sunday April 16, 2023 @01:36PM (#35592293)
Hong Kong has made it to oppressive communism, so that’s going to be interesting to watch going forward (or backwards?).
Re:The lessons from America’s astonishing economic record by DwnVoteHoneyPot on Sunday April 16, 2023 @01:41PM (#35592353)
Yes for sure. From China, to free markets, back to China. I think we’re already seeing the effects on Hong Kong. No so great.
Re:The lessons from America’s astonishing economic record by DaedPsyker on Sunday April 16, 2023 @01:32PM (#35592238)
While it might not have been communist, Korea certainly was oppressive when it built the chaebols which did involve a fair bit of government management.
Re:The lessons from America’s astonishing economic record by lmz on Sunday April 16, 2023 @07:19PM (#35595081)
Re:The lessons from America’s astonishing economic record by ashwagary on Monday April 17, 2023 @07:25AM (#35599218)
>if the measure is number of people lifted out of poverty, China wins hands down.

>Check your perspective.

>All did it in the 1980s - 40 years ago. All did it without oppressive communism.

Japan industrialized long before 1980 and all the countries listed have miniscule populations compared to China. The only country you can really attempt to compare to China's scale is India but good luck landing the same poverty alleviation conclusions.

Re:The lessons from America’s astonishing economic record by DwnVoteHoneyPot on Wednesday April 19, 2023 @02:22PM (#35631524)
Good luck finding examples of successful communism.