Quote:
Originally Posted by $5 submissions
About time. Markets work. Centrally planned economies don't. Just ask China.
|
State capitalism doesn't work. Problem with China was officials basically lying about the levels of production, leading to over allocation of resources resulting in famine which fucked up the economy badly.
Cuba is a *success* story for a state capitalist system, they make very good use of their small resources.
Only 2 places behind the richest country in the world on healthcare.
http://www.photius.com/rankings/healthranks.html