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There's plenty of poor capitalist countries I mean right off the bat there's the waring countries (Iraq, Afghanistan etc.) there's Haiti, Somalia, Sudan etc.
It really wouldn't even be worth the time to name them all and no I don't even know who Micheal Parenti is.
Being capitalist doesn't automatically correspond with not being poor but not subsidizing markets to push them and lack of resources does.
A. Afghanistan is tribal largely, and the cities are corrupt with no real property rights and massive government tariffs. Plus they are at war.
Iraq has a skyrocketing GDP even in a time of war... Haiti is free market? Sudan was never a free market..they were at war from about 1955 on..who is making trouble..Oh yeah Marxist armed by the Soviet Union.. Somalia is? I mean Somalia the same Somalia who was the soviet unions Best friend in the Region.
My main point is that countries with a good economy are usually attributed to many external factors and not just "free market freedom" I mean Hong Kong is by far the freest economy but 50% of the residents live in government housing.
If there was ever a Ayn Rand style super free economy it wouldn't work out very well.
Its a shame the guy didn't mention China (not counting Hong Kong) and how its socialist and 83rd in the ease of doing business index but has the 3rd largest GDP because I doubt HTWW would of faulted him for using that.
Okay but China didn't raise out of poverty by allowing increasing government involvement rather allowing some private enterprise. China is a mixed Economy with fascist control over the government who allows for business to operate unless they interfere politically.
Hong Kong was destroyed after world war 2..it was nothing but ruins but through the free market and trade it rose quickly to the highest GDP per capita then Canada..
And if your going by PPP then Luxumburg and Qatar are up top and are really low on the ease of doing business index. China is still considered socialist because it owns and plans a lot of its industries.
The point is there is no solid correlation between "free market" and economic growth otherwise China wouldn't have 3rd biggest GDP and Qatar wouldn't have the highest PPP.
No they are not kept separate..Securitization isn't unregulated in Canada..However there were no laws preventing Canadian banks from lending out $ that were bad and ended up defaulting..They were simply not force into it and there was no market for the crap that would have came out so they saw it was a bad idea and didn't do it.
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It really wouldn't even be worth the time to name them all and no I don't even know who Micheal Parenti is.
Being capitalist doesn't automatically correspond with not being poor but not subsidizing markets to push them and lack of resources does.
Iraq has a skyrocketing GDP even in a time of war...
Haiti is free market?
Sudan was never a free market..they were at war from about 1955 on..who is making trouble..Oh yeah Marxist armed by the Soviet Union..
Somalia is?
I mean Somalia the same Somalia who was the soviet unions Best friend in the Region.
Capitalist is not a dictatorship you know
"Capitalist is not a dictatorship you know"
bahahahaha look up Pinochet-era Chile, it was a free market military dictatorship and had crazy economic freedom and globalization.
If there was ever a Ayn Rand style super free economy it wouldn't work out very well.
watch?v=BzjXPNCs61M
btw thank you for being civil!
Its a shame the guy didn't mention China (not counting Hong Kong) and how its socialist and 83rd in the ease of doing business index but has the 3rd largest GDP because I doubt HTWW would of faulted him for using that.
China is a mixed Economy with fascist control over the government who allows for business to operate unless they interfere politically.
Hong Kong was destroyed after world war 2..it was nothing but ruins but through the free market and trade it rose quickly to the highest GDP per capita then Canada..
Hong Kong's GDP: $215,559 million
And if your going by PPP then Luxumburg and Qatar are up top and are really low on the ease of doing business index. China is still considered socialist because it owns and plans a lot of its industries.
The point is there is no solid correlation between "free market" and economic growth otherwise China wouldn't have 3rd biggest GDP and Qatar wouldn't have the highest PPP.