If anything, socialism/communism will be the only way to eliminate poverty.
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Russia, China, etc. are bad examples because their economies were already bad before they had revolutions.
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Both the USSR and China improved conditions after transitioning from feudalism.
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They never achieved communism and only got so far as to implement state capitalism.
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What might be said to be a failure is an overdependence on the idea of central planning.
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Whereas central planning is not necessary in and of itself to implement socialism.
End of conversation
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