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Originally posted by Spanky
In 1970 South Vietnam had the highest per capita income in Asia.
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Might have had something to do with the large number of American troops there. Foreign occupation is usually not a sustainable economic model. If it were, I'm sure the WH would argue it as the reason for having invaded Iraq.
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Today the only country with a lower per capita income is Burma (another socialist country).
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I'm not sure where you're getting your numbers, but if you look
here, you'll find a ton of countries with lower per capita incomes, not all of them socialist. And are you using socialist and communist interchangeably? I need to know because otherwise you're hard to follow.
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Recently they have been doing better because they have adopted some free market reforms.
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True.
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Cuba has the lowest per capita income in the Caribbean (yes they even beat Haiti). And had the highest per capital income in the Caribbean when Castro took over.
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I'd really love to know your source for this, because everything I can find says that Cuba per capita income is not available. So you could be right - but I'd like to know your source.
