Comment by contingencies
3 days ago
Your line of reasoning misses the clear example that China pulled 1.4 billion people out of poverty creating mass-literacy before embracing capitalism.
3 days ago
Your line of reasoning misses the clear example that China pulled 1.4 billion people out of poverty creating mass-literacy before embracing capitalism.
The Chinese did not come out of poverty until after China switched to capitalism.
This big beautiful claim does not match my first hand observations.
They certainly turned away from socialism and towards capitalism though, I think as part of embracing capitalism. What parts of the economy are not capitalist? State owned companies? In Canada and the US there are many protected or subsidized companies as well. Genuinely curious on the differences on owning a company in China vs canada
Thanks
Ask Jack Ma.