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I'm pretty sure current China would disagree with you given the amount of people they've raised from essentially peasantry to a modern middle class in the past generation.

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That experiment is still ongoing and it's unclear what the ultimate result will be. They've very much not reached steady state yet.

I much prefer the western system, but really all our experiments are ongoing.

The USA experiment is the single greatest creator of prosperity in all of history. Our tides have all boats 1000x.

Thanks to USA funding them through outsourcing low wage jobs and commerce. Take a Google.

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