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by Akronymus 1483 days ago
I'd argue that under capitalism the bottom 5% still live better than the bottom 50% under communism. Altough, that doesn't correct for the technological/geographical differences.
1 comments

Well, the science of political economy is not really science so hard to tell. :-)

It seems, though, that capitalism does allow for faster wealth generation. Given proper corrections and balances, of course.

I can name quite a lot of countries that never went the socialism way, but are not rich in any sense of the word.