BlueDuckBTC's avatar
BlueDuckBTC 1 month ago
Okay, China in 40 years has climbed to the top in every major economic aspect. There, done. Now you prove that capitalism does not misallocate resources, lead to centralization of control, make an extreme wealth gap, cause wars, and corrupt other countries. Annnd go!

Replies (2)

china climbed because of freeing the market rules and letting it work. both europe and china converge towards each other poles. the decline in europe gravitating towards economic obsolence and china thriving when gov. allows is an empiric proof. capitalism doesn't do any of those things. you confuse capitalism with interventionism practiced since delusional economic theory of Kaynes.
Maybe it's worth mentioning Chinese people are also not very free at all... And China has massively misallocated resources. Have you seen their mega cities with no one living in them? Misallocated resources happens in capitalism when sociasts come and try to tell everyone else how they need to solve the problem rather than letting the market solve it. You know why your healthcare is ass? Because the government joined the industry in 08 and it has only gotten worse. Same with Housing.
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