you forgot one thing though, imperialism. Third world countries are capitalist too, and they are poor because capitalism. Capitalism can not function without imperialism.
https://www.marxists.org/archive/lenin/works/1916/imp-hsc/
RE: Social-Democracy is Socialism, and this is Socialism!
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Social-Democracy is Socialism, and this is Socialism!
The vast majority of African governments are Socialists, as they are in Latin America.
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socialism is worker control of the means of production, what you are thinking of is called "welfare capitalism". (which is often needed to prevent socialism actually, funnily enough)
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Welfare capitalism occurs in Europe, in the case of Africa and Latin America it is different, because what exists are socialist politicians, as in Europe, but who have an economy that could be called "State Capitalism".
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Asia has done well with capitalism. There is Singapore, HK, Macau, Taiwan, Malaysia, Dubai, Rest of UAE, Qatar, Israel.
BTW you are wasting time. Never argue with a socialist. You might as well argue with a SS (National Socialist)
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