May I offer the eight hundred pound gorilla on the planet, who is currently the second largest and projected to the lead the World in GDP by mid-21st century, the Peoples Republic of China. China, who is officially a socialist nation, is the most economically successful socialist nation in World history, whose centrally planned economy has raised more people out of poverty than any other nation on Earth, since opening up its economy to the rest of the World.
I humbly disagree, to an extent. Here is a description I pulled off of WorldAtlas.com. I couldn’t get the link to copy so my apologies for it:
“Some economic experts claim that China's economy represents state capitalism rather than a socialist market economy. This claim emerged in the 1980s and the 1990s after the country experienced various industrial and economic reforms. Additionally, the argument for state capitalism is linked to the way in which the country runs the enterprises that it owns. The Chinese government operates these enterprises the same way that privately owned firms operate, meaning that the government keeps all profits. However, in a true "socialist" system, these profits would be distributed in a way that benefits the entire population. Therefore, critics question whether the word "socialist" should be used to describe China’s economy.”
I agree with this statement. Their market is much more Capitalist than it is Socialist. Partly because they allow the market to determine prices. Either way the way the state runs the economy is certainly Capitalist. That economy, if your claims are correct, is the economy that has pulled so many people out of poverty. Not a very good representation of a true Socialist economy. So while the economy might belong to a Socialist nation, it is still state run Capitalism that is doing so much good for China. So my statement that Capitalism has pulled more people out of poverty than any other system still holds true.
I humbly disagree.
Even though its far from perfect, China's commitment to maintain a fair playing field than that of the US in recent years is a major reason for their current and ongoing domestic economic success.
I’m glad we can disagree.
How is China forcing IP from our companies fair? How is their stealing state secrets fair? How is their stealing corporate secrets fair? How is their incorporating hidden parts in their hardware that can be used for spying fair? How is their signing agreements with the US and then not playing by the terms that they signed fair? So what exactly are you referring to that China has a commitment to a fair playing field even mean? With all the unfair practices that China has committed in the past I really don’t know what you are speaking of? Please be specific.
To get back to our discussion regarding equal opportunities and social disparity, I will ask you then if the Communist Party members have the exact same opportunities as the average citizen? Based on historical records the party members ALWAYS have more benefits and opportunities than the average citizen. How about those high up in the government? Do they have more benefits and opportunities than the average citizen? Or even the average party member? Does the average citizen in a big city have the exact same opportunities as the average farmer in the remote areas of China? In a Communist country, you are told what you can and cannot do. So how can the farmer, who hates farming and wants to move to the big city do that if he is forced to be a farmer? What are the farmers opportunities exactly?
We as the citizens of the US have an opportunity to better ourselves. And even become millionaires. How many in a Communist nation have that same opportunity? Especially if they can only work the job they are told to work all of their lives?
There can never be equal opportunities for all in any system. Especially Socialist and Communist. JMHO