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To be fair our capitalist hellscape contemporaries in east Asia have fared much better. This thing doesn’t seem to be driven as much by a particular economic system as much as a total lack of empathy and deep culture of selfishness. Of course capitalism primes the pump for these conditions.
I think economic concerns can explain why e.g. South Korea had a better response, in the same way economic concerns explain why Nordic social democracy was conceded due to the USSR being right next door