Douwe Osinga's Blog: The most succesful economic system

Saturday, May 8, 2004

The most succesful economic system

So what seems to be the most succesful economical system right now? What do the fastest growing economies have in common. Hint: It is not the social market economies of Europe or the more brutal capitalist system of the Anglo-Saxion world.

Communism is the right answer. China, India and Vietnam are currently the fastest growing larger economies. China and Vietnam are of course (at least nominal) communist states. India is more mixed, but at least one of the Indian states has been run by communists since forever (Bengals). And Bengals is aiming to be the next Bangalore. The communist just declared IT to be essential and a part of industry where strikes are illegal.

Of course most of these communists are just more capitalist then the orginal capitalists.