Anonymous asked in Social ScienceEconomics · 6 months ago

Is communism and high economic growth (china comes to mind) better than capitalism with a volatile economy? ?

13 Answers

  • 5 months ago

    This is the overall problem with looking at one factor. One element of success as it does not accurately paint a picture of what could be going on in other areas.

  • 5 months ago

    China is a big hoax the Government adopted capitalism while maintaining communist poilitical system  how else do you explain the super rich having no freedom to do as they please with their own money ? Now compare that with the USA where many Chinese are moving to or Australia ?

  • 5 months ago

    It depends on what you mean by "better" and for who?

    In China for example there are a few things to keep in mind:

    A) Their GDP growth is high as a % but they are growing from a small number. Per capita income in China, even after years of high growth, is still quite low. 

    B) China has tremendous income inequality - more so than the US. the 1% lives lavishly, but the average person isn't seeing that kind of income. 

    C) China is not really a communist country any more. They are more like a capitalist country with an oppressive 1-party political system. They have quite a bit of economic freedom, but very little political freedom. 

    D) Yes, it's great for many Chinese people that they've had so much economic growth, but they still have almost no political freedom, representation in government, or intellectual freedom in their educational systems. The CCP is betting that economic growth will satisfy people and prevent them from demanding greater political freedoms. 

    I've spent a fair amount of time in China. When I go to rural areas, and interact with some of the older farming population, I'm literally twice the size of most of them. This is because for many of them, during their childhood, they didn't get adequate nutrition. Today the younger generation, is noticeably taller and healthier looking (and perhaps a bit fatter - it's not all good I suppose). So they've seen literally millions of people rise out of poverty. So the growth they've seen is remarkable - but they're nowhere near the standard of living of the US, and certainly don't have our freedoms. 

  • Anonymous
    5 months ago

    The high economic growth is not from communism.. It's because they let capitalism happen back in the 80s.. Before that it was depressing in China..

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  • Socialism is better than communism and capitalism.

  • 6 months ago

    Communism: abolition of the wages system and establishment of a classless society. China is clearly not Communist. It used to be state capitalist but is now a mix of state and private capitalism. 

  • Zirp
    Lv 7
    6 months ago

    In small communities, communism is a lot better than capitalism.

    Communism has never been tried on a large scale, as in with tens of thousands or even milions of participants.

    the only thing communist about China is the name of the ruling party.

    China's state-capitalism causes millions to slave for a pittance, living in cities where the air is barely breathable

  • ?
    Lv 6
    6 months ago

    You don‘t understand Karma. You don‘t care why it should be a New chance  for a loser. You don‘tcare that the competition will do the job. Every crisis it will be the new rich guys. It‘s the changing hand and wealth. You will be tortured in China instead for nothing like you have farted on the street.

  • Anonymous
    6 months ago

    NO. Filthy, animal-abusing China is no longer pure commie anyway, so bad example. The very best system ever seen so far is social democracy. That's what the USA needs.

  • Anonymous
    6 months ago

    Capitalism seems to bring a market crash about every four to seven years, while planning to protect people against these crashes is called communistic.

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