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by WalterBright
995 days ago
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China switched to free markets. They also had the advantage of technology that didn't exist in the 1800s. Before China switched to free markets, they had an equal distribution of all income economy. You might want to check it out. So, too, the USSR, Cambodia, Vietnam, Jamestown, Plymouth, etc. |
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Did you mean to say they moved from a planned economy to a market economy? A market economy yes they do have, but free? Boy oh boy that it is not. Plenty of western companies wanting to enter that market are finding that out the hard way