Tuesday, September 10, 2024

Try socialism 2


(cont'd from yesterday's post)
 
Pol Pot's hideous regime (Khmer Rouge) was ended by Vietnam, which captured and plundered the capital (Phnom Penh) in January of 1979. The ruined nation of Cambodia became the "People's Republic of Kampuchea" (the PRK) and remained a communist state.

"Under Vietnamese control, the PRK was established in the wake of the total destruction of the country's institutions, infrastructure and intelligentsia wreaked by Khmer Rouge rule."

Lim Pengkhun was born to rice farmers in 1980. "For the first 15 years of [his] life, Cambodia was a command economy controlled by communist and socialist policies and remained one of the most impoverished nations in the world."

Things started to change in 1989 when the last Vietnamese occupiers left Cambodia, and reforms started transitioning their economy from "command" to free market. New private property rights turned state-owned enterprises into person-owned enterprises. The U.N. invested in education, infrastructure, and health.


(cont'd tomorrow)

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