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Monday, 20 August 2018


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Odd place. The worst excesses of communism, and then the worst excesses of capitalism. It might be that under communism, a country forgets how to do capitalism properly, or at least with some ethical dimension. The gangster kleptocracy in Russia seems to be an example of this.

In addition, though, there seems to be another, non-economic aspect here. A country has either got a culture of trust and decency which breeds a preponderance of reasonably moral citizens, or it hasn't. I would say that up until about 20 or 30 years ago, most of the Anglosphere had that culture. I doubt if China ever had.

W, good point about 'high trust'societies. The West still has enough but like you say, not what it was. If China or any communist country had any trust, a massive standing army or secret police would not be needed. Capitalism, which means freedom, is not very likely to flourish under this kind of weight.

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