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Regardless of which side of the spectrum you belong to, here is one hard fact no one can dispute. Capitalism has single-handedly lifted more people out of poverty than any other economic methodology. In fact, all other economic models combined; perhaps the most widespread example is China's being a hunger-stricken, impoverished, famine-ridden communist country to witnessing the most pervasive eradication of poverty in human history after embracing the market. In just 40 years, China is very well on its way to becoming the biggest economy in the world. At about 17 trillion US dollars, the second-largest economy globally has a fascinating story. In today’s episode, we go back half a century to a war-torn ravaged China, which was then again followed by another 20 years of stagnated economic growth, terrible genocidal policies, and an overall collapsing economy, and then, the miracle that stuck and how communist China ended up weaponizing capitalism with a layer of tyranny. As always, Thank You so much for taking the time in listening as well as reading this. Do not forget to follow the podcast on any platform you are listening to and review it if you are on Apple Podcasts or Spotify. If you want to get in touch with me, here is everything I am accountable for - Have a great day! > www.linktr.ee/neogyspandan
Regardless of which side of the spectrum you belong to, here is one hard fact no one can dispute. Capitalism has single-handedly lifted more people out of poverty than any other economic methodology. In fact, all other economic models combined; perhaps the most widespread example is China's being a hunger-stricken, impoverished, famine-ridden communist country to witnessing the most pervasive eradication of poverty in human history after embracing the market. In just 40 years, China is very well on its way to becoming the biggest economy in the world. At about 17 trillion US dollars, the second-largest economy globally has a fascinating story. In today’s episode, we go back half a century to a war-torn ravaged China, which was then again followed by another 20 years of stagnated economic growth, terrible genocidal policies, and an overall collapsing economy, and then, the miracle that stuck and how communist China ended up weaponizing capitalism with a layer of tyranny. As always, Thank You so much for taking the time in listening as well as reading this. Do not forget to follow the podcast on any platform you are listening to and review it if you are on Apple Podcasts or Spotify. If you want to get in touch with me, here is everything I am accountable for - Have a great day! > www.linktr.ee/neogyspandan