China has only moved away from a state-run economy in the last 50 years, resulting in its current, larger and much more dynamic economy. It’s probably the world’s best current example of a country abandoning communism for capitalism, and reaping the benefits. There is wealth inequality, but fewer people are starving. All they’re keeping from their former regime is centralized single party political control.
Under economic Communism they proved over and over that a central government can’t command a entire set of industries and markets better than they can run themselves. People starved in the tens of millions finding this out. An uptick in suicide rates is nothing by comparison.
China has only moved away from a state-run economy in the last 50 years, resulting in its current, larger and much more dynamic economy. It’s probably the world’s best current example of a country abandoning communism for capitalism, and reaping the benefits. There is wealth inequality, but fewer people are starving. All they’re keeping from their former regime is centralized single party political control.
Under economic Communism they proved over and over that a central government can’t command a entire set of industries and markets better than they can run themselves. People starved in the tens of millions finding this out. An uptick in suicide rates is nothing by comparison.
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