- Capitalism and Alternatives -

the rest of the previous post

Posted by: Jason ( USA ) on August 09, 1999 at 01:10:18:

In Reply to: :::Sigh::: posted by Krasny on August 02, 1999 at 19:45:11:

: Now be fair... let's see you do an honest comparison of Haiti, an island nation with which the US trades and sends aid, with the US. Two strawmen for the price of one.** --K

How about China? The August issue of "Worth" magazine has an article about China and the progress it's been making since the Communist Party there shifted leadership from a centrally planned economy to a market-based system. Any wonder that when individual households were allowed to produce and sell agricultural goods, farm production has increased significantly! Local officials and plant managers have more control over their operations and Beijing was opened to foreign investment. Hmmm... as a result China's GDP has quadrupled in 20 years. Interesting coincidence, don't you think? :)

Of course, the country still has a long way to go, but I wanted to mention the progress that has been made under a more capitalist economy. Communism still exists there, for example, "Chinese leaders have stuggled to keep afloat the large state-owned enterprises, few of which have grown with the rest of the country." Seems what remains of Communism is hindering the explosive growth that capitalism has brought!


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