Two main reasons. It requires taking a lot of freedom / agency away from individuals, and redirecting much of the profits of successful enterprises to subsidies (and suppressing individual consumption and standard of living).
Two main reasons. It requires taking a lot of freedom / agency away from individuals, and redirecting much of the profits of successful enterprises to subsidies (and suppressing individual consumption and standard of living).
China has surpassed the US on standard of living, I'm not sure about individual consumption. To repeat myself, it seems to work really really well.
Median PPP adjusted income and disposable income tells a very different story.