Maybe communist countries always fail (UDSSR, DDR) or transition to capitalism (China), not because of outside forces, but because its a flawed system?
GenEcon
joined 2 years ago
And if you consider that metric capitalism with social guidelines implemented – like in Nordic countries – comes out far ahead of any other known market order.
According to all data we have, the living standard in democratic, capilistic states is significantly higher than in any other market order. If you consider the social capitalism like in Nordic countries, they easily rank the number 1 in all metrics. Meanwhile communist states like the DDR or UDSSR collapsed after their economy was ruined.
Capitalism is insanely efficient in allocating capital and setting prices – two things incredibly difficult to do otherwise. At the same time it has the problem of protecting the weakest. But that can be tackled by regulation – which has been pretty effective in the EU for example.
What kind of system would you prefer?
And don't underestimate, that Human Right Violations are a competitive advantage, too. You don't even need to argue with slave labor from Uygurs, but not allowing unions and having really low labour standards brings the costs down.
The main thing I notice is how shitty the app is. Thats still my main complaint.
They said once that it did cost them more to create phantom liberty and Update 2.0 than they will ever get back – but it was an investment into their reputation, not primary a business decision.
Half of lemmy is pro-Chinese chills.
Euro med has a history of spreading pro-Palestine fake news.
Switzerland is also a lot more integrated than GB. Remember when we discussed hard vs. soft brexit? Soft Brexit would have left GB in a similar state like Switzerland and Norway. But we got a hard brexit.
And the killers, obviously. Both parties directly involved, so their recountings have to be investigated.
Still, 88 % live in extreme poverty (though it can be argued that it is due to sanctions – which should be abolished). More severe are human right violations – no democracy, no freedom of the press, no independent judges.
And at the same time Cuba is moving towards capitalism since 2010– since it worked so well in China and Vietnam.