China going capitalist ( while remaining authoritarian ) has helped lift 800 million out of desperate poverty.

I hope that India too can emulate this in my lifetime. I was born in Kerala and would love to see Indians live in a country that is as wealthy per capita ( PPP adjusted ) as Singapore or failing that even as wealthy as the USA.

Capitalism has it's problems. But you struggling with rent is entirely your self-inflicted problem...

> But you struggling with rent is entirely your self-inflicted problem...

Yeah, that one guy and 70% of the country https://www.yahoo.com/news/videos/70-americans-struggle-pay-...

"while remaining authoritarian" implies that Authoritarianism is an exclusive trait of Communism, which is the most absurd thing I've ever heard. Use any Capitalist country with an Authoritarian leader as an example.

> But you struggling with rent is entirely your problem...

Who said anything about struggling with rent? Sounds like you a grasping for a straw man.

> I hope that India too can emulate this in my lifetime

I, too, hope the best things for the people of China and of India. But India, by any metric, is already a capitalist economy, where its wealth is concentrated in the hands of a very few.

To the extent that China has been successful is distributing its wealth among many people, I'd say it's the authoritarianism, rather than the capitalism, that has been instrumental. The state sets agendas, quotas, and salaries specifically to produce that outcome. Top-down government control is not a feature of unbridled capitalism.

So we have two large industrializing economies, both capitalist. One (the authoritarian one) has succeeded in drastically reducing poverty; the other has not. And yet you think that capitalism is the driver of equality?

Capitalism produces wealth. You need some other system to distribute that wealth fairly.