“After experiencing ravages of socialism for several decades, some woke up and turned back to capitalism. China for example now has one million new millionaires and middle class is 50 times bigger than during their communist abyss.”
The problem with that is that they’ve largely kept the authoritarian apparatus where individual freedoms are not present. China has only “abandoned communism” in name to more efficiently control its citizens. They’re not giving any freedom - just a whitewash to the nomenklatura and over the attempt at real freedom in 1989.
That seems true. China has much more economic freedom now but not so much personal freedom. However starting from Mao’s China who was a basket case, they are on track to become world’s biggest economy in less than a decade from now is an outstanding and amazing achievement.
That seems true. China has much more economic freedom now but not so much personal freedom. However starting from Mao’s China who was a basket case, they are on track to become world’s biggest economy in less than a decade from now is an outstanding and amazing achievement.
We are on a socialistic path economically while China is increasingly more capitalistic.