China with a still largely communist model and taxes that are over 90% of China's GDP is doing great too! At our expense!!! And thanks to lowered import tariffs!!!
China sells it's own cheap labor.
Singapore is the most economically free country in the world.
It isn't just about selling, either. Almost anything from anywhere can be bought in Singapore. Their economy is doing much better than ours.
They also have much lower taxes. Something our government could learn something about.
/johnny