John McMahon
Jun 21, 2021

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So what you're saying is that the World will one day just let go of capitalism the way Russia, East Germany, and the rest of the Eastern Communist Bloc countries just let go of socialism to embrace capitalism? That seems really unlikely, and in fact that gradual progression hasn't started yet and seems to be going the other way. Other formerly collectivist economies like those of the PRC with a quarter of the World's population and Vietnam have switched to market economies and now have millionaires and billionaires. Apparently the shortcomings of capitalism do not offset the fact that it comes with nice clothing, luxury automobiles, air conditioned houses, and airline tickets to Las Vegas.

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