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0 pointsmaverick_iceman9y ago0 comments

>It's also incredibly Euro-centric to be thinking that other countries ought to be following the path Europe and the US took to capitalism

Other countries like Soviet Union or Maoist China have tried other paths with not exactly stellar results.

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rqebmm9y ago

Exactly. China tried one path, found it didn't work, and then chose to draft behind the best economies in the world, do what they did to get there, and do it faster because they have the benefit of hindsight.

gertef9y ago

You can't blindly assert that Maoist China was not Euro style and modern China is Euro style, and also claim that Maoist China has nothing to do with modern China's economy. There's a near-direct line from Maoist China to modern China -- the next generation of the same Communist Party is in charge.

muninn_9y ago

You did notice that they liberalized the Chinese economy, right? That's why it's Modern China and not still Maoist China. Maoist China is unequivocally not European style, and is one of the worst tragedies in all human history. Modern China has created wealth, people who can attend university, start businesses, etc. even if it has some issues as we perceive them in the West.

parhurs9y ago

You are not addressing gp's points - that Maoist and "Modern China" are directly related and that "Modern China" is not "Euro style".

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parhurs9y ago

It's not like there are no other paths, or that there even is one 'European path' for that matter. The Nordic countries took a very different path than UK did, for example.

berntb9y ago

You are wrong about at least Sweden following a different path.

When Sweden had a high growth, the taxes were low and it was much more of a strict capitalist economy.

When the taxes were raised to be internationally high in the early 70s, the growth crashed and Sweden fell quite a few places in GNP/Capita.

(I am Swedish.)

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rqebmm9y ago

gertef9y ago

muninn_9y ago

parhurs9y ago

You are not addressing gp's points - that Maoist and "Modern China" are directly related and that "Modern China" is not "Euro style".

1 more reply

parhurs9y ago

It's not like there are no other paths, or that there even is one 'European path' for that matter. The Nordic countries took a very different path than UK did, for example.

berntb9y ago

You are wrong about at least Sweden following a different path.

When Sweden had a high growth, the taxes were low and it was much more of a strict capitalist economy.

When the taxes were raised to be internationally high in the early 70s, the growth crashed and Sweden fell quite a few places in GNP/Capita.

(I am Swedish.)

j / k navigate · click thread line to collapse