When I consider that China is now enjoying a period where vast numbers of its population are seeing a rise in their standard of living, and that this is happening by way of capitalism (albeit a hybrid communist rule/capitalist economy) in the same way the United States created a large middle class in the majority of its population, then I can't dismiss the observation that capitalism has been more effective in a shorter period of time than communism, in terms of improving the standard of living for the greatest number.
Am I misinterpreting something here? Seems pretty clear. Of course there are abuses and defects in both systems but it seems the better praxis has been capitalism.
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