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by flatM
3681 days ago
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Appreciated for your comments. Though statistically that is not very convincing: the ingredients of capitalism, i.e., market economy and democracy would lead to prosperity. We have more than two hundreds of countries on this globe, the most advanced ones are still the powers from the colonization era. In my humble opinion, those factors seem to be more of correlation than causation. |
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Considering that the most advanced economy in the world did not even exist at the onset of the colonization era (and did not catapult to its status until the past century), I think you're over-reaching!
>Though statistically that is not very convincing: the ingredients of capitalism, i.e., market economy and democracy would lead to prosperity
Really?
Can you name a single modern large scale society at all that experiences prosperity without market economy? I did not say 'democracy' -- this is an economic discussion of how capitalism, and not communism, creates prosperity. I struggle to find a non-market-economy communist system that creates mass prosperity.
We Americans sometimes look back to Boris Yeltsin's infamous trip to America in the late 1980's: http://blog.chron.com/thetexican/2014/04/when-boris-yeltsin-...
It wasn't correlation to Mr Yeltsin, whose faith in communism was destroyed by walking through an American grocery store: it was causation. “I think we have committed a crime against our people by making their standard of living so incomparably lower than that of the American" and I'm willing to bet there are those in China who agreed prior to the liberalization of the economy and the introduction of market capitalism.