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Cake day: June 30th, 2025

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  • shawn1122@sh.itjust.workstoMemes@lemmy.mlSign check
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    4 days ago

    Kerala India achieved developed nation level performance on HDI (human development index) indices in a few short decades with expansive land and policy reforms under a democratically elected communist party.

    Communism is an extremely effective tool at shaking off feudalistic old world tendencies but, as a system, it is extremely economically handicapped in a world where the wealthiest nations are capitalist.

    Which is why China has had to adopted a hybrid “state capitalism” / mercantilism to achieve its rapid economic ascent.