On a historical level socialism is failed massively, if you look at all the innovative companies (MIT Tech Review does a yearly list) almost all the companies are Chinese, or American
Ok your crazy argument is that the continent of Europe is a gigantic failed economy due to too much socialism. Have you ever been to Europe? How many Europeans would agree with you?
The problem with this argument is that China is massively more socialist than Europe.
Do you realize that 45% of the Chinese economy is state-owned? Do you realize that all Chinese firms are officially owned by their workers? Do you realize that the workers get a check every month for the gross income of the firm, which is then heavily subtracted from to continue running the enterprise? Do you realize that many Chinese firms are owned by municipalities which compete with firms from other cities? Do you realize that homelessness is illegal in China? Do you realize that education is free through the university level in China? Do you realize that the state spends an incredible amount of money and investment in infrastructure? Do you realize that the Chinese state is now spending vast sums of money to improve the rural areas?
Do you realize that those lists of the biggest and best Chinese companies always include many state firms? Do you realize that all land in China is owned by the Chinese government? Do you realize that China has a planned market socialist economy, with heavy emphasis on economic planning and state guidance of the economy similar to South Korea and Japan, two other misnamed free market capitalist countries.
Japan’s economy is not neoliberal at all. The commanding heights of the economy is owned by the state. The economy is heavily planned. The state itself is all wrapped up in my of those firms as is the case in South Korea. I am not sure what the Japanese economy resembles but one can make a good case that the Japanese economy is similar to the German economy under Nazism. The Nazis were terrible people, but they were pretty good at economics.
I’m looking for the laissez faire free market capitalism in any of this? I don’t see it.
