Hacker News new | ask | show | jobs
by lucian1900 1599 days ago
You mean countries that started off much poorer than the US, yet the standard of living drastically improved during the socialist period? Then drastically dropped after 89, when the imperialists won the Cold War?

Just because poor countries become socialist doesn't mean socialism makes them poor. Consider that they were kept poor and socialism is the way out.

1 comments

Socialism makes countries poor. In countries with corrupt governments, poverty is reached markedly faster. If socialist countries don’t become totally destitute, it’s because they manage not to mess up capitalism completely.
"If socialist countries don’t become totally destitute, it’s because they manage not to mess up capitalism completely."

or lucky enough to have a goose laying golden eggs. i.e. the North Sea https://en.wikipedia.org/wiki/North_Sea_oil