AlexM comments on Smart, (young), ambitious and clueless -- what to do to maximize goodness? - Less Wrong
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China should be the best example of what even moderate levels of capitalism can do.
The Communist bloc aren't know for their environmentally-friendly outcomes or even policies.
If China is moderate capitalism, one shudders how would extreme one looks like...
Well, moderate as in they don't have rule of law etc. What I meant to say was that even this level of capitalism has worked wonders in dragging hundreds of millions of people out of poverty. Contrary to decades of Western foreign aid.