China is more Capitalist than us in 2021. The CCP/Chinese Communist Party is one of the biggest trolls in history.

This post was edited by EndlessSky on Jul 13 2021 01:46pm

south america as well

They literally shot a billionaire last year.

uh oh you just posted an image of muhammad now njaguar is going to get jihad fatwa

one of my managers went to shenzen multiple times. mostly lambos and ferraris on the streets.

he said you can do anything in China as long as you follow two simple rules:

you don't break their laws
you respect the ruling party

Not in the long run though. The Soviet Union and it's satellites collapsed economically in 89/90 and their people suffered a steeeep decline in their standard of living from which they still have not recovered to this day. Same story in Venezuela and Argentina when they tried communist or far-left economic policies.

Communism in China was an abject failure which culminated in the Great Leap Forward (into mass famine and 50m casualties) before the country embraced capitalist policies under Deng Xiaoping and started to flourish. Dito for Vietnam, which is successful with a state capitalism model similar to China's. Laos and Cambodia remain poorhouses.

found saucions ancestors
https://www.jstor.org/stable/260642

Its the best of both worlds.

They have more billionaires.

But when they misbehave, they get lynched in public.

I mean, when you look at "long term" you have to contend with the U.S. actively destabilizing their governments.

It's hard to tell if these systems would have worked in the long term if they were actually left alone.

Is that where Jack Ma went?