Seriously, Could you have picked any more basket case economies, why not Venezuela?They are doing very well in-fact considering the superpower the funded them till the 80's is gone and the nation that perviously made up 90% of its exports has had an embargo on them for over 50 years. And also Considering they're outliving the Americans now and survived that shows the resilience of their economic model. Tourism is now part of its economy. You also ignore the Successes of mixed economies such as NEP USSR and Yugoslavia (yes I'm aware that one was heavily loan based)
Cuba is funded by tourism trying to save its economy after the USSR dropped it and Cuba's economy collapsed. As income less than $30/mth Average age of cars there is something like 60 years old. Vietnam is funded by foreign, read mostly western investment and booming tourism, again heavily western. Average income is around $200/mth, Almost no one can afford a car China (which is neither socialist nor communist), is funded by foreign investment and turning itself into a slave factory for western demand mostly low cost items and copying capitalism and as such has more billionaires than EU and US combined. Average income $1000/mth If you don't work, you die.
Thanks for the correction on Vietnam.
Also, that's why I called china Sellouts (Ha, Ha Money Joke).
Fact is few democratic free market economies have needed bail outs and their people live in significantly higher standard of living than nearly all socialist and communist countries. Just need to look at how life has improved in eastern Europe since the early 90's after a rough decade. Too much money wasted on socialist ideals that simple don't work and while they claim to focus on humanity, they ignore the very fabric of human thinking. ie people are naturally lazy and will take hand outs over work any day if they don't have the option to excel. Back home, go through the financial position of Left vs Right wing govt at loss of power across the country at both state and Fed level, it may surprise you, hint social welfare programs need funding and borrowing from others is not the solution.Doubtful, Large portions of Africa and Asia say otherwise to that and they use the same model. Your comment on Eastern Europe However is untrue, Living standard and life expectancy have declined since the collapse of the eastern block along with economic growth. Unemployment and Poverty have skyrocketed since the fall of the Curtin. The Counter argument to that generic comment is that people are naturally Altruistic, Both of these arguments are inherently flawed and can have holes easily shot in them. I never claimed that Borrowing was the solution to anything, state owned industry is and income caps I think is.
If you Wish to reply do so here, as this is off topic
Just Waiting for the Tanks to be sent in under the Guise of 'restoring order and stability'.
Doing very well, country's average income is $30/month? And this is only after the govt has been quietly removing its old Socialist ideology and relatives in Florida sending home hard currency. If they had been a democracy their average incomes would likely be at least 100 to 1000 times higher and their infrastructure wouldn't be in a decrepit state.
The life expectancy is on the back bone of two things. Well for a start is barely 1 year long. But during its times being funded by the USSR, they built up a half decent medical system for which medical tourism was a major source of income. Once the USSR collapsed and Cuba had to survive on its own, the medical system collapsed and the Dr's left. The lack of income means they have a half decent diet.
Their economic model is hardly a model, its a basket case. Have you been there?
The USSR went broke, nuff said. Oh yes, my dad once went to an industrial city in Russia where the air was unsafe to breath and their equipment needed special protection from corrosion from the air. That was in the 90's.
Yugo fell apart broke. The countries of Croatia, Slovenia and I think MAcadaona have embraced capitalism building decent infrastructure and jobs that are no longer one step above that of a Serf. Serbia was sidelined until recently for political reasons.
Sorry, living standards have improved dramatically in the former Eastern Bloc. There is some aspects of draconian rule that is always helpful but those countries are lagging the improvements in the west. Smoking and alcoholism is still higher than western countries as is occupational deaths and disease and of course this will take at least another 25-40 years to filter out of the stats. In 1990, a common way of travel in many parts of Eastern Europe was with something with four feet, or aging buses and trains on windy roads. Times have changed, alot and I've been through many Eastern European countries.
Yeah, unemployment is so bad in places like Poland the govt is now offering its youth tax free incomes to stay. Most of the former Eastern Bloc all suffer from the same issue, their young people know salaries are higher in the west and leave so these countries are suffering massive population decline. Ask the UK about that one.
Overall your comment that the standard of living in the Eastern Bloc countries is worse now than during the USSR era is very wrong.
Most of Africa can hardly be relied on for data from either direction.
Edit, sorry I didn't see the redirection until now.