When talking about the Doi Moi reforms I think it’s important to note that it wasn’t just a case of capitalism creating economic growth, Vietnam had been almost completely cut off from the global economy and only started being able to take out loans/engage in trade again after accepting much of the IMF-imposed reforms, which is why they’re economy started growing so rapidly afterwards. I imagine it was a similar situation with Laos.
Not to say that capitalism isn’t useful for developing the productive forces and all that, but I think it’s being way too generous to capitalist propaganda to attribute the growth of any developing country entirely to economic liberalization when in reality their economies were literally being held hostage by global capital
When talking about the Doi Moi reforms I think it’s important to note that it wasn’t just a case of capitalism creating economic growth, Vietnam had been almost completely cut off from the global economy and only started being able to take out loans/engage in trade again after accepting much of the IMF-imposed reforms, which is why they’re economy started growing so rapidly afterwards. I imagine it was a similar situation with Laos.
Not to say that capitalism isn’t useful for developing the productive forces and all that, but I think it’s being way too generous to capitalist propaganda to attribute the growth of any developing country entirely to economic liberalization when in reality their economies were literally being held hostage by global capital