> Capitalism has been the most effective vehicle to reduce poverty in the 20th and 21st century. Communism, socialism and most hybrid attempts have been outright failures in comparison.
This is false dogma. China has been UNARGUABLY a wild success. Now subtract every human life that ended prematurely or was lived in relative poverty because the USA funded terrorists and facist overthrow of their democratically elected socialist government
China had almost 90% of its population living in extreme poverty as recently as the 1980s. The tremendous reduction in that poverty rate (to less than 1% today) is attributable entirely to market-based reform.
yes, market-based reform, not capitalism per se. capitalism has no monopoly on markets, as markets predate all the -isms by many centuries. so that's not an argument for capitalism (for which capital is a central concern) but for decentralized, market-based systems, the fairer the better.
To be more specific: it has been the result of a decrease in central planning, decollectivization, privatization of previously state-owned industries and private ownership of the means of production operated with profit as the motive.
This is false dogma. China has been UNARGUABLY a wild success. Now subtract every human life that ended prematurely or was lived in relative poverty because the USA funded terrorists and facist overthrow of their democratically elected socialist government