China is a Threat of a Good Example

An important part of capitalism’s anti-communist propaganda is that socialism has not been able to deliver the prosperity of capitalism. However, the prosperity that was delivered by capitalism has not been in place for 45 years since finance capitalism rose to power.

China as a socialist country has been more prosperous than any capitalist country in history with a growth rate of 10% over the last 20 years. Contrary to capitalists’ claim that only private industry generates innovation, China’s state controlled enterprises have been responsible for most of its profits.