Norman
Diamond Member
- Sep 24, 2010
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No, very pure capitalism actually does work. What you have there is bunch of imaginary made up tales. Singapore is doing extremely nicely (and there are no wolf problems there that I am aware of). And no it's not completely "pure" capitalism, nothing completely pure actually exists, so you can forget that lane of defense right there.
Singapore is an island state that has no primary industry, and is basically a financial institution in itself. Ask all the people who work in the service industries there if it is all wine and roses. And they are control freaks. No long hair, no smoking in public (not that it bothers me), no chewing gum. A one-party state more or less. Great way to make your point.
Exactly which of those claims refutes the claim that it's a capitalist country? It is a capitalist country and owes it extreme success to only one thing: capitalism.
Guess what other countries were capitalist? All western countries when they were succeeding, apart from the soviet union... The post-soviet countries which are STILL a basket cases, but now are at least well on their way to prosperity through... you guessed it... mostly capitalist economies.
Studies report about 1 % decline in GDP growth for every 10 % of government spending. Regulation can be even worse... Freedom from coercion works!
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