Biped said:The former is capitalism, the latter socialism. In reality, not Legoland, the former far outperforms the latter, and this is why communism has failed globally, and the most succesful countries, as measured by average individual wealth and freedoms are the capitalist ones with a long history of it.
For the last 40 years you've had South Korea, Taiwan and Singapore on the one hand, PRC and PRVN on the other. EU, USA, Canada, et al. somewhere in the middle. By the common contemporary measures of GDP/GNP, economic growth, inflation, that that sort of thing.
Plain fact, measured by some Polish-sounding chap whose name I forget but will look up later - democracies and dictatorships are no better than each other at stimulating economic growth, and democratisation doesn't go hand-in-hand with development. There's a mystical 'something else' that makes the difference.