Re:Timothy Snyder on How the Collapse of the Soviet Union To...
by roenxi on Sunday September 22, 2024 @06:07AM
(#41616011)
> Can you give an example of a country that started poor, adopted laissez-faire capitalism, and became a prosperous nation?
All the currently prosperous nations. Everyone started poor. Conditions in 1724 were those of global mass poverty. We basically saw conditions from then to now where everyone that got wealthier had to move the needle towards laissez-faire capitalism. All the attempts at alternatives failed.
The only real question along the way has been how much a country's leadership wants to limit their own people's prosperity. This hasn't been a subtle process.
Names like the UK, France, Germany, Russia, US, China, Japan, Korea and many others spring to mind.
All the currently prosperous nations. Everyone started poor. Conditions in 1724 were those of global mass poverty. We basically saw conditions from then to now where everyone that got wealthier had to move the needle towards laissez-faire capitalism. All the attempts at alternatives failed.
The only real question along the way has been how much a country's leadership wants to limit their own people's prosperity. This hasn't been a subtle process.
Names like the UK, France, Germany, Russia, US, China, Japan, Korea and many others spring to mind.