Yes, China where some villages don't even have water when the government can easily provide it. Japan where they had a DECADE long recession kept IN PLACE by GOVERNMENT INTERVENTION. Last time I checked, even the EU had taken some hits from the current recession.
Yes, the recession was caused by the free market, and could easily have been fixed by the free market at no cost to the taxpayer. If all those big banks that had made risky loans had failed, BETTER, SMARTER banks could have easily taken their place.
The problem in India is because the government doesn't allow even the slightest bit of entrepreneurship to flourish. India where you may never get your business through all of the red tape and regulations, as opposed to Hong Kong where you can set up a business in less than a day.
Did you read what I said about the US and China? I said it would destroy both nations' economies if there was a war. The result of a free market in America and free trade between both nations decimates the possibility of any war between America/NATO and China. The free market, and free trade, are far more reliable tools in achieving world peace than treaties and sanctions.
People in a free market society don't have to suffer, in a true free market society, you are free to further yourself if you have the desire to. There are always opportunities to get the hell out of your situation (poverty in America is a joke anyway, a small apartment, color TV, a fridge, running water, as opposed to people in countries like Angola, China and Viet Nam). Chris Gardner for example. Single father, dirt poor, occasionally homeless.
He's a fucking billionaire now thanks to the free market. If you live in poverty in socialist nations, you're fucked. There's no hope for you to move forward.
Seeing as how you mentioned Iraq, let's take a look at it shall we?
A socialist country, extremely impoverished, owes a lot of money to Kuwait after their war with Iran, instead of paying their debt, BAM, invasion.
War happens between socialist countries too. Need I also bring up the war between Viet Nam and Cambodia? Two Red Nations duking it out?
Name one war between two free market countries that has happened in the last five or six decades.
1)
As someone who has studied the growth of China academically I'd like to make some points:
China has actually made some of the biggest improvements in combating poverty in recent years, winning the most UN awards for it. Like many countries, China is suffering from natural water issues, but they are taking great measures in combating this, such as the North-South water project, which is very costly.
When Hurricane Katrina wreaked havoc upon New Orleans the US government conducted the most disgracefully lazy relief effort. When China was hit by the 2008 Sichuan Earthquake the response was immediate, with their Premier arriving at the scene 90 minutes after it happened.
2)
Most EU countries have been out of recesssion for a while as their government have taken action in controlling the economy. Sure there are recessions caused by poor government intervention, but there are far more caused by capitalist greed.
Surely it would have been better to mitigate the banking crisis with government intervention then to wait until it failed, with the expectation that better banks would take over?
3)
You seem to think India's economy is failing. If we count PPP, India's economy is the 4th largest in the world. It is one of the world's fastest growing, and is predicted to quadruple from 2007 to 2020.
4)
I would say the main reason there has been no war between the US and China is that there has been no need for one, not because of the free market. As I've said before, the free market offers incentive for countries such as America to invade weaker countries such as Iraq.
5)
Yes, in a free market economy you are free to further yourself. At the expense at others. But the fact is, with the free market, unless you are particurlarly intelligent and devoid of morals, you have less of a chance of making yourself a success. Why? Because there is too much competition from much larger corporations who can easily destroy your business due to economies of scale.
And the example of poverty in America you gave isn't poverty. It is infact far worse than that, an alarming number of people are losing their homes, due to ridiculous banking schemes that should be made illegal. At least in a much poorer country you can build a shack (without someone claiming you are using their land), in the US, you have to sleep on the streets.
5)
Since when was Iraq a socialist country? It was a fascist dictatorship.
The war in Cambodia you mentioned was actually between China and Vietnam. But still, I don't consider these countries truly socialist, and don't support them.
I admit there hasn't been many wars between free market countries. But where is the evidence that this is mainly down to the free market? I could just as well claim that this is due to other factors such as the fact countries with free markets have been allies historically.