> To India's credit, its socialist tendencies kept the country unaffected from 2008 subprime crisis.
No boom, no bust....
> While corruption in socialism is bad, corruption in capitalism is just as bad. Even the most developed capitalist countries have failed to remove corruption. (hence the 2008 subprime crisis)
The 2008 "subprime crisis" wasn't capitalist corruption, it was govt corruption. The US govt decided to subsidize home ownership via various means, which created a property bubble. Bubbles eventually pop, and the govt then decided to "socialize" the losses and try to restore the bubble.
The Irish govt went one step further - it decided to guarantee all bank losses.
That's not capitalism.