[Twotone]

"How Nations Escape Poverty: Vietnam, Poland, and the Origins of Prosperity"...a book that will never be read in our high schools or universities.

[DouglasKC]

They are engineering AMerica to go through a subsidy period as well. Only thing is that they won’t allow it to end.

[gundog]

It’s axiomatic that capitalism will eventually defeat communism. That’s why the really committed commies will shoot you if you try.

[gundog]

It’s axiomatic that capitalism will eventually defeat communism. That’s why the really committed commies will shoot you if you try.

[Mr Radical]

Good article / link, thanks for posting.
Something that both Vietnam and Poland have that I think made the transition possible, or at least easier, is a relatively homogeneous society.

[Paal Gulli]

"How Capitalism Beat Communism in Vietnam"

Somebody 'splain to me how you get a job as an finance/economy journalist when you don't know the difference between capitalism and a free market economy.

[norwaypinesavage]

To paraphrase Rush: “Countries are never poor because of insufficient resources, they’re poor because of insufficient Capitalism!

[Hot Tabasco]

Back around 2003, my nephew was studying general surgery at the University of Pittsburgh. I was invited to join him and several of his fellow medical students on a ski trip to British Columbia.

One of his friends was a Vietnamese kid from South Dakota and he and I hit it off because he was a pheasant hunter too. I thought it odd that he was from SD so I asked him his history. It turned out that both his parents were doctors in Vietnam and were able to escape along with the other boat people and were taken in by a church group in SD.

They in turn became doctors there and the son followed in their footsteps.

[GailA]

btt

[MinorityRepublican]

In the meantime, look at North Korea.

[TwelveOfTwenty]

Ironic. We fought in Vietnam under the premise of fighting communism. Now, they're capitalist, and we're sending our manufacturing, technology, money, and tax base to a communist country.

Of course, as we now know, the driver in both cases was corporate profits. The claims of fighting communism then or benefits to the consumer now were just lies to sell us on it.