Well, they do have three times our population and are at the beginning stages of capitalism. A growth phase. But their unchecked growth, sans regulations, is leading to corrosion from within, incredible pollution problems, corruption, and social unrest. It seems unsustainable. Aside - isn't this what you Republicans want - capitalism without regulation? How does it seem to be working in China? Not that well it seems.
Seems like it is working great. They went from a 3rd world nation to biggest economic power, with no debt, in short order.
Capitalism can succeed anywhere, but I agree that China is too socialist and corrupt (the natural pillar of progressive politics) to not self destruct.
I suppose you think that Mao had nothing to do with organizing the country out of its colonial morass, its first attempt at capitalism, making its second attempt a cinch.
Left wing programs like Mao's only starve or otherwise harm the population. http://www.independent.co.uk/arts-e...-killed-45-million-in-four-years-2081630.html
A heavily-entrenched, corrupt, and tyrannical government, and not giving a shit about human life, human rights, or the environment kinda helped...
Capitalism is succeeding there now only because Mao got the country organized. If that's not true, then why didn't capitalism succeed before Mao, under Sun Yat Sen and Chiang Kai Shek?
You say that Sun and Chiang failed to make the country capitalist. Why did it require Mao? Republicans and Libertarians should adore Mao as their greatest hero.
Mao is long dead, murdered tens of millions, and was a miserable socialist/marxist failure. China's GDP took off after Mao died and his policies thrown in the trash. The only thing not liberal (libertarian) about China is its politics. http://www.fee.org/the_freeman/detail/china-yes-its-capitalism
Okay, good. So I win. I always win. And if I don't, I change what we're arguing about so that I win. PapaG and Boob use the same method.
When it comes to crony capitalism, we just can't compete with the Chinese. But, boy oh boy are we trying.