List of Top 5 Nations Marx Brought Prosperity

[Toro]

That is all.

 

[José]

Toro this is an honest, serious question.

Economists who support the market economy recite a single mantra in every third world country:

Indonesia is underdeveloped because it has too much state interference and too many (300) state owned businesses.

Nigeria belongs to the third world because of the size of the Nigerian state. The nigerian government possesses 500 companies.

Brazil is poor because etc... 400

Mexico is poor because etc... 600

etc, etc, etc...

You change the name of the third world country but the mantra of the liberal economists always remain the same.

How do these economists explains China's extraordinary development since the state still exercise a much greater level of control over the economy than all those other coutries and possesses no less than 5000 state owned companies more than all the other countries combined.

All the other nations cited are paradises of free market compared to China.

If state interference and involvement in the economy were the cause of those countries poverty China should belong to the 5th World.

 

[Toro]

How do these economists explains China's extraordinary development

Because you have to understand the primary driver of growth. And the primary driver of growth is individuals finding solutions to lower costs.

That's what has driven economic growth in China over the past 30 years.

Communism is a strict ideology that does not allow for that.

Capitalism is not perfect. But capitalism creates the most growth for most of the people, most of the time.

 

[whitehall]

Groucho Marx brought more prosperity to the U.S.

 

[Silent Warrior]

Toro this is an honest, serious question.

Economists who support the market economy recite a single mantra in every third world country:

Indonesia is underdeveloped because it has too much state interference and too many (300) state owned businesses.

Nigeria belongs to the third world because of the size of the Nigerian state. The nigerian government possesses 500 companies.

Brazil is poor because etc... 400

Mexico is poor because etc... 600

etc, etc, etc...

You change the name of the third world country but the mantra of the liberal economists always remain the same.

How do these economists explains China's extraordinary development since the state still exercise a much greater level of control over the economy than all those other coutries and possesses no less than 5000 state owned companies more than all the other countries combined.

All the other nations cited are paradises of free market compared to China.

If state interference and involvement in the economy were the cause of those countries poverty China should belong to the 5th World.

Partially because China does not recognize other countries patent laws and regularly steals them. Their cheap labor then means they can sell their copies at a lower cost increasing sales. Your question is kind of like asking why successful bank robbers don't pay high taxes.