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If You Think Capitalism Is Bad, Check Out What’s Happened To North Korea

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Henry Blodget
Business Insider
December 20, 2011

Given the crappy economy and high unemployment and extreme inequality in the United States right now, many people have suggested that capitalism is a lousy economic system and is doomed.

Maybe so, but if so, be careful what you wish for.

Capitalism, as Winston Churchill might have said (had he been talking about that instead of democracy), is the worst economic system on the planet–except for all the others.

As a case in point, check out what’s happened in North Korea over the past 40 years:

North Korea South Korea growth

Read more: http://www.businessinsider.com/if-you-think-capitalism-is-bad-check-out-whats-happened-to-north-korea-2011-12#ixzz1h5nO267Q 

This article was posted: Tuesday, December 20, 2011 at 9:16 am

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