Well, this is a forum where some degree of openmindedness is encouraged.
There have been far many more economic and capital systems on this rock than just American capitalism.
I used to think it’s open mindedness but I think it’s more hubris.
The other day a guy was complaining about being in jail for a time and how unfair it was that he had a criminal record. Lots of open minded people praising him.
Then a new user called him out for trying to get with a 12 year old. Yikes.
Regardless, China figured out some formula that has been incredibly successful the last couple decades. While I have doubts about this approach being sustainable, hindsight is 20/20 and we can’t predict the future.
The "formula" was capitalism, introduced by Deng Xiaoping, which lifted hundreds of millions of Chinese out of poverty.
However, Deng also introduced China's 1-child policy (decidedly not capitalism), which is now beginning to seriously strain the system. The future is indeed uncertain.
Sure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries
Aramco
Aramco’s not a perfect example, as it was built up as a private corporation, and only nationalized as a relatively mature corporation. It also has a state-sanctioned monopoly on a very low-cost, high-price commodity. On the other hand and to be fair to Aramco, the Venezuelans managed to make a mess of their state oil monopoly.