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It's now been almost 30 years. Isn't that enough time to be able to revert the damage and develop prosperity?
Prosperity is definitely there, but so is inequality, which appears to go hand in hand with capitalism.
We're still at least a generation behind the west, but throughout the years some western economies slowed down so much that in say, 20 years, we may be considered a "poor first-world country" like Greece, Portugal, Italy.