This "late stage capitalism" we've been warned about seems kind of greatpic.twitter.com/Ky3AmUpnYH
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What would you call what happened in China? https://en.wikipedia.org/wiki/Chinese_economic_reform#1978%E2%80%9384 …
”Large-scale government planning programs alongside market characteristics have greatly decreased poverty, (while incomes and income inequality have increased)” (parentheses mine). Note the large-scale government planning programs.
More correctly that would 'when millions of Chinese /were/ starved to death'.
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