• GarbageShoot [he/him]
    ·
    11 months ago

    Vietnam's situation is further complicated by IMF involvement. What you highlighted is why I generally think that the "economic miracle" aside from being crass liberal myth-making, solved a problem that it itself created because the privatization reforms multiplied poverty roughly 15 times before bringing it back down over the course of a few decades, but many people never saw the other side of that change because they died in squalor.

    I don't mean that to go Maoist, I think that something at least similar to what Deng did was probably necessary to prevent China being destroyed by capitalist encirclement, but there is the danger in the long term that it saved the revolution from murder only by having it commit suicide.