Yes...Russia, China, Cuba, Venezuela...they are examples of the failure of socialism. Socialism = slavery.

[2aguy]

Great video...should be shown to all children so they don't grow up to be left wingers...

 

[Biff_Poindexter]

Now do Sweden, Denmark, South Korea, Norway, Canada, Germany, France, Netherlands, etc etc etc.....


Then slap yourself for not understanding what a mixed economy means...

 

[Mac1958]

Now do Sweden, Denmark, South Korea, Norway, Canada, Germany, France, Netherlands, etc etc etc.....


Then slap yourself for not understanding what a mixed economy means...

They don't want to know. They avoid it. Arrogant ignorance.

 

[José]

China is a capitalist country when they want to explain the staggering growth of the chinese economy.

They willfully ignore the massive presence of the state in the economy (more than 5000 state-owned companies), planned economy (the same five-year plans of the Soviet Union), etc, etc...

According to their own theories, a country where the economy is so heavily nationalized should be dirt poor, not growing at 10% a year, doubling its wealth every decade.

So they have to call China a "capitalist" country to avoid the total discredit of their pro capitalism propaganda.

But China is a socialist country at the same time, when they want to criticize the country's lack of political freedom.

Go figure.

 

[2aguy]

China is a capitalist country when they want to explain the staggering growth of the chinese economy.

They willfully ignore the massive presence of the state in the economy (more than 5000 state-owned companies), planned economy (the same five-year plans of the Soviet Union), etc, etc...

According to their own theories, a country where the economy is so heavily nationalized should be dirt poor, not growing at 10% a year, doubling its wealth every decade.

So they have to call China a "capitalist" country to avoid the total discredit of their pro capitalism propaganda.

But China is a socialist country at the same time, when they want to criticize the country's lack of political freedom.

Go figure.

China allows more freedom than they allowed before....that is why they have growth and wealth, they threw out direct control over companies and kept total control over the government.....any of those companies try to disrespect the communists in charge and their CEOs are arrested.....

When the government has total control over an economy, you get cuba, and venezuela....freedom means growth and wealth......

New Zealand...

In 1950, New Zealand ranked as one of the 10 wealthiest countries on the planet, with a relatively free economy and strong protections for enterprise and property. Then, under the growing influence of welfare state ideas that were blossoming in Britain, the United States and most of the Western world as well, the country took a hard turn toward government control of economic life.

The next two decades produced a harvest of big government and stagnation. Increasingly, New Zealanders found themselves victims of exorbitant tariffs, torturous regulations, massive farm subsidies, a huge public debt, chronic budget deficits, rising inflation, costly labor strife, a top marginal income tax rate of 66 percent, and a gold-plated, incentive-sapping welfare system.

The central government in those years established its own monopolies in the rail, telecommunications, and electric power businesses. About the only things that grew during the period from 1975 to 1983 were unemployment, taxes, and government spending. This was the “democratic socialism” that Bernie Sanders admires, but which New Zealanders eventually realized was a national calamity.

With an endless roster of failed government programs and economic ruin staring them in the face, the country’s leaders in 1984 embarked upon one of the most comprehensive economic liberalization programs ever undertaken in a developed nation. The two heroes most responsible for this radical redirection were Rog
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All farm subsidies were ended in six months. Tariffs were cut by two-thirds almost immediately (today the average tariff is just 1.4 percent). Most imports enter the country completely free—or very nearly so—of any quota, duty, or other restriction.

Taxes were slashed. The top rate was cut to 33 percent, half of what it was when the big government crowd was in charge. The books were finally opened so people could actually see what government elites in Wellington were spending their money on.

From the mid 1980s into the 1990s, the New Zealand government sold off dozens of money-losing state enterprises. The government workforce in 1984 stood at 88,000. In 1996, after the most radical downsizing anywhere in recent memory, its public sector workforce stood at less than 36,000—a reduction of 59 percent.

Establishing a new business in New Zealand was made quick and easy, largely because the regulations that were not abolished were finally applied evenly and consistently. At the same time, compulsory union membership was abolished, as were union monopolies over various labor markets.
---
The dramatic changes paid handsome dividends. The national budget was balanced, inflation plummeted to negligible rates, and economic growth surged ahead at between 4 percent and 6 percent annually for years.

New Zealand’s national government bobs back and forth between the major political parties but the reforms of nearly four decades ago have remained largely intact. By some important indexes, the country is in a remarkable and enviable position.

New Zealand's Path to Prosperity Began With Rejecting Democratic Socialism

A few decades ago, New Zealand's economy was so regulated one required a doctor's prescription to purchase margarine. Today, it ranks #1 on the Fraser Institute's Human Freedom index. And the results of this economic transformation are unmistakable.

fee.org

 

[AMart]

Now do Sweden, Denmark, South Korea, Norway, Canada, Germany, France, Netherlands, etc etc etc.....


Then slap yourself for not understanding what a mixed economy means...

Not socialist stupid phuck. When government confiscates private companies and controls owns entire industries that is socialism

 

[AMart]

China turned their economy into a capitalistic one a couple of years after Mao died.

 

[Moonglow]

Great video...should be shown to all children so they don't grow up to be left wingers...

Is that why China is beating the US in production, innovation and finances?

 

[José]

Originally posted by 2aguy
China allows more freedom than they allowed before....

100% true

Originally posted by 2aguy
that is why they have growth and wealth

Highly debatable to say the least.

This is what social psychologist and philosopher Erich Fromm wrote in a book written in 1962 almost 30 years before any economic reform (I happen to have a first edition copy):

Since the end of WWII China has been growing 10 times faster than India.

The factor that really explains China's dramatic economic develpment during the last 20, 30 years is the fact that China started doing business with the whole world not the economic reforms that were implemented 4 decades after the country started growing much faster than all its capitalist neighbors excluding Japan and a few others.

 

[José]

Originally posted by AMart
China turned their economy into a capitalistic one a couple of years after Mao died.

Translation:

What?!?!?!?!

A country with a heavily nationalized industry and a planned economy is growing at mind-boggling 10% a year and well on its way to becoming a global superpower??

Holy shit!!!!

We have to call it a capitalist country no matter what!!!!