China’s Apparent Economic Success

According to the International Monetary Fund China’s economy will surpass the economy of the United states by 2016.

This reminds me of the Depression era of the 1930’s when the communist economy of  the Soviet Union seemed to have escaped the economic depression that was gripping the Free World. Communists around the world rallied around this and many people in America, and around the world, questioned the cost/benefit of Capitalism.  What was not know at the time was that there was a famine in the Soviet Union and that Stalin had caused the death,  both directly and indirectly, of some 20 million people… which of course lowered the food supply needs. One can also look to the institute of slavery and serfdom as being highly beneficial throughout history for the part of the population that were not slaves.