Meclazine for Israel
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« on: February 09, 2020, 05:41:02 PM » |
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Two parts to your question.
Firstly, China and India. They are exporting manufactured goods from a large population base after a long history of business inactivity. They are coming off a low base.
In 1985 for example, people in China were not allowed to own a car.
Their growth rate is 5-7% for reasons other than socialism.
Secondly, as for socialism itself, it sounds great in principle, but when it comes to doing business it never appears to work for the people.
The incentive is nil for entrepeneurs and leaders to make the extra effort.
And if any incentives do materialise, they are absorbed by corrupt Government leaders (Russia). Putin is the richest man
And those parts of China that are killing it at the moment would have a capitalist mentality.
The number of beds in Wuhan for critically ill patients of Corona-Virus was 110 when this pandemic began.
A city of 11 million with only 110 ICU beds.
Smells like socialism.
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