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" ... But no, that's not going to work. Hasn't worked anywhere, ever, and it has indeed been tried a number of times. The only form of economic organisation which has ever dragged a country up out of this sort of poverty is a roughly capitalist, roughly free market one, the very conditions that allow for an industrial revolution. It really isn't chance that in 1978 China's socialism had left it one fifth as rich as South Africa is now, today after near 40 years of very rough and tumble free marketry a couple of times richer. ... "
" ... The big question we've got to ask ourselves though is why do they keep on thinking that this time will be different? We have a spectrum of economic policies which work, by work we mean "make the average person richer." This ranges from something close to laissez faire free marketry like Hong Kong all the way through to high tax and high redistribution free marketry a la Nordics. Anything which isn't free marketry does not work and no one has ever made a non-market system achieve that desired goal--making the average person richer. ... "
" ... This is, of course, just another example of why this capitalist free marketry works so well, the very reason why we lucky enough to live in countries that have used this socio-economic system for more than a few decades are the richest people to have ever waddled across the face of the Earth. Waddled seeming the appropriate verb for those of us who enjoy the cornucopia that the modern supermarket offers us. ... "