Molson Hart

Capitalism fixed China. Trust is a big component of well-functioning capitalism. The cultural revolution killed trust. Therefore, I disagree.

But how do they do this capitalism thing without trust? For example, in Russia, there is a noticeable lack of trust (sound property rights protection mechanisms are also absent, more or less as in China, I guess) and capitalism is barely working.

There is some trust in china, just not as high as countries like the United States. Less trust is a big impediment to economic transactions, so things still work, but it's more difficult. Technology bridges the trust gap often. It makes easy to verify things faster.