Earlier quoted context omitted.
hard disagree, many OG and influentual socialists came from rich backgrounds. There's also lots of poor people out there who are simply waiting their opportunity to be corrupt. Anecdotally I've experienced many people from working class backgrounds who are extremely proud of their tax evasion. The key dividing line is those who follow the rules and believe in the system and those that don't and are just looking out f…
The problem is when the rules are made to sustain and exacerbate the social divide, not to make the life better for everybody. No need to go far, just look at the result of lobbying in the USA. Btw, while there are many famines caused by despots (Stalin's, Mao's, Red Khmer's), there is also Bengal's famine of 1943. One must also point out that China in the last 40 years have done perhaps more regarding the poverty mi…
Colonialism is a form of centralized planning, which catastrophically fails for the same reasons that it does in communist regimes.
China is evidence of capitalism's incredibly successful record of poverty mitigation. They've retained some communist style central planning, but the "bad" part of capitalism is unlimited accumulation of wealth, as mentioned upthread, which China allows just like any capitalist country.