All well and good but you still haven't addressed my point which is that China's reduction of poverty is due to its central control of wages, construction, and capital.
They had "central control of wages, construction, and capital" to a much higher degree before they started becoming capitalistic in 1976 and the poverty levels were much much worse and not going down. They only started going down once they embraced capitalism and started allowing private companies.
That is consistent with my earlier statement: capitalism creates wealth, but you need another system to distribute it fairly. It's crazy to think that capitalism alone will "raise all boats" when this has been shown to be untrue.
