[seibelj]

[flagged]

[dang]

For Hayek's sake, would you please stop it with the generic ideological flamewar comments? I don't want to ban you and you're making it seriously hard. How many dozens of times have we asked you not to do this at this point?

https://news.ycombinator.com/newsguidelines.html

Edit: actually your recent comment feed is so full of this that it seems you've stopped using HN for anything else. As that is not what this site is for, and destroys what it is for, I've banned your account. If you don't want to be banned, you're welcome to email [e-mail] and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html.

[standardUser]

It's a mixed economy, with massive government inference in markets, just like literally every single country on the planet.

[surement]

it's moving away from being one of the worst examples of central planning and bureaucracy

[brosinante]

Didn't China (https://www.worldbank.org/en/news/press-release/2022/04/01/l...) and the USSR (https://borgenproject.org/tag/poverty-in-the-former-soviet-u...) do similarly?

[purpleflame1257]

The millions dead in the Holodomor and the Great Leap forward certainly don't have any need for money anymore.

[twblalock]

Both of those articles demonstrate that the improvement happened after those countries allowed market economies.

[bmmayer1]

China's unprecedented generational explosion into the middle class happened only after Deng Xiaoping instituted market reforms. Economically, China is certainly more socialist than the west, but far more capitalist than it was in the 1970's.

Same with USSR/Russia, post-communism.

[mensetmanusman]

Only after they gave up a planned economy.

[AnnikaL]

Your second link refers to poverty being reduced after the fall of communism, when former Soviet states instituted capitalist reforms.

[epistasis]

Most communists and socialists will refer to both the USSR and China as capitalist projects on accelerated timelines. They were trying to speed-run from feudalism, through capitalism, to communism.

At least that's what comes up when you mention the problems that these countries have.

[systemvoltage]

The west is shooting itself in the foot with socialism while Asian countries are lifting people out of poverty at an unprecendented rate.

Inequality is a feature, the pie grows larger: https://www.youtube.com/watch?v=HtJwAYJ9B08

Instead of lifting poor class upwards, the west wants to pull everyone else down. Reducing quality of life and regressing in every metric of progress. The future is in Asia, places like Taiwan, Thailand, Indonesia, Vietnam, India, Malaysia, Singapore. Socialism is so easily captivating to average IQ voter class in USA, it is a fight every generation has to go through. Countless examples of failures won't convince people.

The likes of Greta Thunburg have changed their tune from climate alarmicism to just destroy Capitalism all together: https://twitter.com/ShellenbergerMD/status/15885879870379786...

Capitalism branding has been damaged by equating it with crony-capitalism which is what most people think it is.

[tinktank]

A tweet to a writer of a book with bad faith arguments (https://yaleclimateconnections.org/2020/07/review-bad-scienc...) and a youtube link to a talk by the president of the Ayn Rand institute does not an argument make.

PS: You might find this information on how her old was financed amusing (https://www.snopes.com/fact-check/ayn-rand-social-security/). I know I did.

[Kukumber]

It has nothing to do with capitalism, it's all about strong government, strong institutions and the people who understand and pursue a common goal i.e: a synchronized society

If anything, capitalism wins at: https://www.bloomberg.com/news/articles/2022-01-11/india-s-d...

[no_butterscotch]

Not OP, but I think what he's referring to is communism declining a generation ago:

> Following liberalizing economic reforms in the late 1980s and early 1990s, India is now one of the world's fastest growing economies, as well as the second most populous.

https://web.archive.org/web/20110520002800/https://www.ers.u...

[wiredearp]

It's not hard, really, given that you will need to make only $1.90 per day to automatically become declassified as poor [1]. If anything, capitalism makes this harder to do achieve [2] which probably explains why the limit is set so low.

[1] https://www.investopedia.com/terms/i/international-poverty-l...

[2] https://www.sciencedirect.com/science/article/pii/S0305750X2...