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Torben comments on Smart, (young), ambitious and clueless -- what to do to maximize goodness? - Less Wrong Discussion
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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.
They're not, but I never said that Communism does well, only that Capitalism doesn't do as well as it's given credit for.
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.