Comment Re:Welcome to the machine (Score 5, Insightful) 259
China hasn't been fully socialist since Nixon went to China. You can actually look at their GDP over time and spot where on the graph they started to implement market results policies. They aren't a fully free market society, but if they were they'd easily be the world's largest economy today. The CCP being unwilling to give up control of the country is holding the Chinese citizens back more than anything outside of the country might be doing.
Same story with other former communist countries like Vietnam which also instituted market reforms. Meanwhile countries that remained centrally planned (such as North Korea) have remained poor. Others such as Venezuela that went further down the path of Marxism have destroyed much of the wealth they previously had.
Same story with other former communist countries like Vietnam which also instituted market reforms. Meanwhile countries that remained centrally planned (such as North Korea) have remained poor. Others such as Venezuela that went further down the path of Marxism have destroyed much of the wealth they previously had.