The New York Times has never met a capitalist country it likes, but that doesn’t stop it from occasionally observing the unpalatable truth:
Nearly four decades ago, South Vietnamese leaders mapped out their battle plans inside the presidential palace here. When they lost the war, the palace became the base for the Ho Chi Minh City People’s Committee, which worked to impose tight Communist control.
But in September it was the scene of a very different gathering: a board meeting of the Hongkong and Shanghai Bank.
In the three decades since Vietnam has gone from communism to a form of capitalism, it has begun surpassing many neighbors. It has Asia’s second-fastest-growing economy, with 8.4 percent growth last year, trailing only China’s, and the pace of exports to the United States is rising faster than even China’s. (Emphasis mine.)
Hmm. Maybe capitalism is good for more than oppressing widows, orphans and Third Worlders. Maybe, just maybe, it is the approach that best benefits those for whom the liberals weep.Email This Post To A Friend
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