Comments by "Gorilla Disco" (@gorilladisco9108) on "Bolivia Vs India: The Two Economic Formulas for Escaping Misery" video.

  1. India (or Congress, to be exact) chose socialism because for half century after independence, Indian elected Congress politician over and over. With such secured election, why not secure control of economy as well. It's in everyone interest to have control of everything. That's why power corrupts even the best of us. Only after BJP started to become challenge their secured election that Congress started to think that maybe capitalism is a good thing to try.
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  2.  @thebestevertherewas  And they were independent a century earlier than Asian countries.
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  3. You missed the details and come to the wrong conclusion. India didn't work because theirs was democratic socialism (emphasis on s-o-c-i-a-l-i-s-m). Then BJP started to erode Congress political monopoly, so they tried something unthinkable before, to deregulate the economy, and it works. And BJP does not seem to want to go back to the old day of socialism quagmire. China under Mao didn't work either because theirs was totalitarian socialism. Then in 1980s Deng decided gave capitalism a try, and it works, or it worked, until they started to inch back to socialism under Xi Jin Ping. And now we can see their economy is starting to stall (compared to 7% to 10% growth under Deng, Jiang, and Hu, it's a paltry 3% to 5% under Xi, and that before the covid).
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  4.  @theultimateshield5133  Be that as it may, the existence of political party that can unseat them will give them incentives (we capitalist like to talk about incentives ☺) to try to improve the economy. What people shall do is to remember of how stupid socialism is and be wary of any political party who try to bribe people with people's money and shy away from them at the ballot.
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  5. Just keep Congress vs BJP competition alive, and not let any one of them to have upper hand all the time. See how after BJP started to gain ground, suddenly Congress also started to think that maybe capitalism is good? India had suffered for decades because they elected Congress politicians, and nothing but Congress politicians, for half century. With election secured all those times, socialism was always a better system ... for politicians. Because, who doesn't want control of everything? And that's how you got your problems. Power corrupts.
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  6.  @sundeeplal4663  Stalin was highly patriotic and honest. And he brought disaster to his country for decades to come.
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  7.  @manubhatt3  Improve democracy with what? Democracy is certainly the worst political system, except for the ones we have tried so far.
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  8. Socialism is a party until the bill arrives.
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  9. Let's look at history. When Lenin established his socialist regime, Russian (Soviet Union) economy shot up. Why? Because the Russian economy was a total disaster at the time. The economic progress was so big that the socialism minded intellectuals in the west believed Soviet Union would overtook USA within 20 years. The joke is, after 10 years, the prediction was revised to within 30 years. Another 10 years, and it became within 40 years. And at the beginning of Brezhnev reign, the economy started to stall, until it crashed and burned under Gorbachev. Will socialism works? Barely. And at a huge cost, both in freedom and economic cost. And after a period of time, it will stagnates and starts the downhill course. As comparison, we can learn the West Germany and Japan economic miracle after World War 2. The economy was in the same disaster level as Soviet Union, if not worse. But they implemented capitalism shortly after the Allied ended their occupation. Within 20 years, they became 3rd and 4th largest economy in the world (with the 2nd a.k.a. Britain was in decline). That is, if we account to their population sizes, they may as well as richer than USA at that time. How about Soviet Union? What Soviet Union, is the answer. Bolivia economy grew very fast. Well, of course. Oil money aside, their economy was a disaster back then (see the similarity with Russian economy of early 20th century). But socialism can only work that much. And if they cling on socialism for several decades, their economy will back to another phase of disaster.
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  10. That's exactly the difference between socialism and capitalism.
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  11. Sure, Paki. Sure.
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  12.  @tusharkumar3873  Bad habit die hard ¯\_(ツ)_/¯
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  13. You are proposing to mix milk with beer. All you'll get is curdle. 🙄
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