• PapaSkwatOP
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    1 day ago

    though i don’t know much about them.

    You really don’t. China and Vietnam aren’t examples of success “without capitalism.” At all. Their economic booms only happened after they ditched rigid central planning and embraced major capitalist reforms.

    China’s growth exploded after Deng Xiaoping’s 1978 market liberalization, creating special economic zones, allowing private businesses, foreign investment, and competition; private enterprise now drives most of its GDP. Same with Vietnam’s 1986 Đổi Mới reforms, which introduced privatization, markets, and trade. Then poverty plummeted and it became an export powerhouse. Without those pro-market changes, they’d look like the stagnant failures on the rest of the list.

    Cuba and North Korea (DPRK) remain stuck with command economies and score terribly on prosperity: Cuba relies on remittances from capitalist exiles and has chronic shortages, while North Korea’s GDP per capita is among the world’s lowest with a history of famine.

    Brah…

    • Lowleekun [comrade/them, he/him]@hexbear.net
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      21 hours ago

      Yeah I was talking about Vietnam. Saying China is not in parts socialist is pretty weird but like I said, the common ground with Americans is pretty small. I mean China is literally your number one enemy. How could you have a better view on it?

      Ignoring decades of war against the world’s economic and military hegemony is also a bit simplistic but again, american politics can only be simplistic. But I am happy for you, having you little gotcha moment. Maybe it is time for question from me:

      What key reforms do you see that will save capitalism or generally the US?

      • PapaSkwatOP
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        11 hours ago

        What key reforms do you see that will save capitalism or generally the US?

        Nothing. Both dems and repubs believe in capitalism. All the most successful countries in the world use versions of capitalism. It’s not going anywhere. The US isn’t going anywhere. Next admin will be a Dem president, and nothing will change.