WHY CHINA TURNED INTO CAPITALISM AND COMMUNISM FLOPPED IN THE WORLD
Lenin, Stalin and Mao: The three biggest Communist mass murderers. Based on house hold survey the poverty rate in China reached to 63% of the population in 1981. This was declined to 10% in 2004. This indicates that about 500 million people have climbed out of poverty during this period. Ownership by the state and centrally planned economy had earlier brought them to this utmost poverty status. Privatisation began to accelerate after 1992 and the private grew as percentage of the GDP. In fact it was not a sudden turn around but a post Mao transition from 1976. Now China has reached at the No 2 position in GDP after US. GDP per capita income is reached USD 13,806 by the end of 2025. At present China is known to be ranking 99 in the list of world countries in GDP per capita income as of 2025 by IMF. We must remember the vast tide of oppression, tyranny and mass murder that communist regimes unleashed upon the world. Historians and others have accounted numerous atrocities by ...