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A comment on Capitalism Has Gone Off the Rails. Parent comment

Re:Capitalism Has Gone Off the Rails by bildung on Monday November 03, 2014 @04:31AM (#8549999)
Hong Kong and Singapore are the two freest economies. They have very minimal welfare states, with relatively light regulation and taxation. Their wealth creation and economic growth have been astounding over the last ten years.

Hong Kong and Singapore had an astounding growth of 2.9% and 3.9%, while socialist China had a miserable 7.7%? I don't get the impression you looked at the numbers at all, or did you?

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Re:Capitalism Has Gone Off the Rails by maratd on Monday November 03, 2014 @09:49AM (#8550991)
In what way is China socialist? It's a kleptocracy and an aggressively capitalist one at that.
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Re:Capitalism Has Gone Off the Rails by bildung on Tuesday November 04, 2014 @03:30AM (#8555595)
Whether or not China is socialist or capitalist doesn't really matter: GP said "freer" economies have higher growth. Is China freer than Hong Kong or Singapore?

(BTW: China sure has a market economy, but OTOH it lacks multiple specifics of contemporary Western capitalist economies, e.g. it's not primarily driven by the financial markets, a significant portion of the workforce still works at state owned enterprises, much deeper planned macro economical development than in the West, ...)

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