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800 million people were lifted out of extreme poverty in China thanks to a little bit of capitalism. Central planning doesn’t work. At least Deng Xiaoping saw Mao’s catastrophic blunders and understood that. Which is why when he took power, he ripped out the collectivized economy by the roots. >let farmers work their own plots and sell what they grew instead of farming for the state (food production soared almost overnight) >carved out Special Economic Zones like Shenzhen where foreign capital could operate under different rules than the rest of communist China > poverty crashed from nearly 90% in 1981 to under 4% by 2016 On his Southern Tour in 1992, Deng told CCP officials “to get rich is glorious.” He was right btw. And it is best done through private property and free markets.