Comment by grafmax

Poverty reduction has largely been the result of China’s mixed economy not unbridled capitalism. Guided markets have played a role there - but that’s because they were guided. We don’t have to accept the authoritarianism or any of other effect of markets, simply because markets have played a role in some of the positive outcomes of the past. In fact for the last 50 years in the global north, roughly the same timeframe, productivity has continued to grow but most of that growth has accrued to the wealthiest and relatively little of that benefit has been seen by the median worker.