1d ago

How it actually turns

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Huge oil and gas reserves also help out.
- Most of the Nordic countries do not have those. Norway has a lot, Denmark has a little, the others have nothing significant
- checks out a bit. when they lost cheap russian energy, they took a hit to their industry.
Capitalism is great, there’s a reason why Russia and China embrace it.
- "They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?" - Fidel Castro
- china is transitioning socialist. i have no idea why russia is even specifically relevant, they are one of the capitalist countries yes?
  
  Wikipedia has a list of Chinese billionaires. Software Developer salaries in China are similar to salaries in the west. Laborers appear to make far less than owners. I do not know why an individual needs billions. Seems to violate, "from each according to their ability, to each according to their needs".
  Maybe the billionaires do not own the capital their laborers use. Maybe the relationship between Chinese billionaire and worker is not exploitative as per the meme. Do the workers control their labor?
- What a braindead liberal take
  
  I used to be a liberal before I realized they are apologists for Empire and their talk of morality and interconnectedness is just rhetorical shielding for resource extraction and, lately, genocide.
  
  I wouldn’t call it “liberal” that sounds topical it sure is a brain dead take tho
- lmfao China does not embrace capitalism even in the slightest, meanwhile Russia's public sector is almost as big as China's
  
  Julan Du and Chenggang Xu analyzed the Chinese model in a 2005 paper to assess whether it represents a type of market socialism or capitalism. They concluded that China's contemporary economic system represents a form of capitalism rather than market socialism because: (1) financial markets exist which permit private share ownership—a feature absent in the economic literature on market socialism; and (2) state profits are retained by enterprises rather than being distributed among the population in a social dividend or similar scheme, which are central features in most models of market socialism. Du and Xu concluded that China is not a market socialist economy, but an unstable form of capitalism.
  Source.

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