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by zajio1am 988 days ago
These eastern european regimes implemented alternative economic model opposed to capitalism. Even if we look away from the atrocities / human rights violations and just consider economic reality of communist countries, then the economic model of communist countries caused lower GDP growth rate, falling behind comparable western countries. E.g. in Czechia, after 40 years of communism, we ended with about half of GDP/capita than neighboring Austria, which has comparable GDP/capita before.
1 comments

I don't think GDP growth is an end in itself. A means, at best. Well-being would be.

Though they failed in that regard too I think.