Tag: economy
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Why is Mao Zedong so admired in China when he killed over 200 million Chinese?
Miseducation and ignorance. Because Mao is the founder of the PRC of course the modern day ruling CCP cannot talk about him too negatively, so their official stance was that he was ‘70% good 30% bad’. https://en.wikipedia.org/wiki/Great_Chinese_Famine The actual numbers here btw is not 200M but 15 – 55M (still alot) But the reason…
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If China followed the same capitalist path as Taiwan, would it have become as successful as Taiwan? Taiwan GDP per capita is more than double that of China. A true Asian success story.
No, it would have been even more successful than Taiwan. China before capitalism (pre 1978) China after capitalism (post 1978): China only started catching up to the West when it abandoned the centralized economy that other communist countries had in the 1950s and opened it up to the market economy in the 1980s. During the…