Thursday, April 22, 2021

Vietnam - Another broken promise

 A Vietnamese anarchist critique of the so-called "socialism" of Vietnam is well worth a read.

The Broken Promises of Vietnam (

"...As Vietnam's economy grows by leaps and bounds, so does the chasm between the rich and the poor. And no amount of welfare and regulation can stop the accumulation of capital or reverse the flow of wealth from the hands of the many into those of a few. Nowhere does this accumulation manifest itself more pervasively than in the system of land ownership. ​This system allows control of the land to be wrested from the peasants and the common people for little compensation and given to capitalists who often make many times more profit. All across the country, luxurious residential buildings sprung up but few of those displaced by them can afford to move in. The billionaire Phạm Nhật Vượng, whose family own as much wealth as 800,000 Vietnamese, couldn't have built his empire without public properties being handed into to his pocket in this manner..."

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