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 Is that really so different from US economy 
 Significantly different.
It does not mean US or any western economy is fine. Just this is completely different level.
It was not only economy but the whole package of repression, invigilation, lack or significantly reduces private property rights, closed borders, lack of even basic supply in the shops. Shit it was world from nightmares.

Now people tend to forget. Some don’t believe. Some words lost their meaning. Communism meant place when even hope has died. We still have hope. That’s why we are here.