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china practoces the profit motive, it does not practioce capitalism as marx and smith would have defined it. In capitalism the market and supply and demand are paramount, they are not in china, supply of many things are restricted despite their beinga demand for them, you cannot set up a capitalist business in china if the state doent like yopu, even though a favoured son of the state can set up the same business. which are not restricted in the capitalist world. Thats the difference.
Yes those other nations exist within the capitaklist discourse, but they do not practoice capitalism so their people do not get the benfits of capitalism.
"Sometimes the best thing a government can do is simply get out of the way"-Vince Cable
TEH CAPITALISM SUCKS: The UK is only 11 times richer than it was in 1800.
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Google Reader great for following blogs
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