| dib8rman said: China is bipolar, go there and you'll see what I mean. To have a capitalism you need a democracy at some point, having a psuedo-democracy run but the Elders and a total of 3% of your populace being wealthy aka American basic living standard and up is not healthy for any Capitalism, it looks like slave labour and it is. Chinese however aren't Americans they are Chinese so who knows this system may work out for them. I thought there would of been a bloody coup on the central government by now from the working class and instead they are talking about unions... go figure. Seems they skipped a step. |
Arab nations are neither Communist or Socialist. They use an economic system called Proto-Capitalism or Anarcho-capitalism. Income tax rates are at low rates of say flat rate of 5% in Arab nations. huge divide between rich and poor but that is life. Democracy would not exist in a place where you have a Sultan, Prince or King who runs the nation. Capital punishment is frequently used in Arab nations who administer Islamic(Sharia) law.
Pure Capitalism(Fascism) and democracy do not mix. Pure Socialism(Communism) and democracy do not mix. A mixed system incorporates Socialism, Capitalism and democracy.
