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View Diary: "Socialism is dead"/"Socialism is against human nature." (162 comments)

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  •  It is semantics... (0+ / 0-)

    China's per capita GDP remains a small fraction of that in the US, and the socialist mechanisms in place there will ensure that gap remains large so long as those mechanisms persist... It is a clearly a move toward market mechanisms that has driven their explosive growth, but the inefficiencies that remain will ensure that the growth will taper off well before living standards there meet ours...  "Socialism" is a wide net, so more specifically, a highly redistributist society will tend to fare worse than one that is less so in terms of total wealth creation and standard of living across the board.  This becomes even more true as the society becomes more heterogeneous as is the case in the US versus the much more homogenous nature of China...

    •  Compare China to Russia (2+ / 0-)
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      Catesby, offgrid

      China would not have achieved the growth it achieved if it had abandoned its socialist legal and economic infrastructure.

      A big bang sell off, such as happened in Russia, would have been a disaster, as it was in Russia.

      If you look at how their growth was achieved, planning, state ownership of land, directed development, and other socialist mechanisms were indispensable. The Chinese are also very pragmatic and if socialist legal and economic infrastructure were a drag on the economy it would have been jettisoned. It wasn't. And since 2008, they are even more confident that they socialism is superior to unrestrained capitalism.

      There is a sort of mythical syllogism that people believe socialism can't work, and therefore if something works, it can't be socialism.

      Well, both claims are wrong.

      Socialism has been central to what China achieved despite religious dogma to the contrary.  

      There has been disastrous socialism, disastrous capitalism and disastrous communism, as well as successful kinds.

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