Why does China succeed as a socialism country while other countries fell down or remain poor?

Answer by Anonymous:

It started with this.

American capital waged war against American labor, and got the Chinese government on their side. In the ensuing decades it facilitated a large transfer of wealth from the American working class to the elites of both the US corporate world and China. Real wages for American labor have not increased since the end of 1970s.

In 2001, China joined the WTO and accelerated this process. In replacing American labor in the means of manufacturing, Chinese labor was paid a pittance. The US market was made almost completely open to Chinese exports. No other socialist country enjoyed such privileges.

These days, there is nothing socialist about China. 

Why does China succeed as a socialism country while other countries fell down or remain poor?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s