Palisades Gold Radio · Tuesday, September 8, 2026
Drawing on his experience traveling through socialist and communist countries, Mark Faber states that economies have significantly improved upon introducing market principles and allowing private property. He contrasts this with the wealth destruction observed in places like Shanghai after communist takeovers.
“all these countries have leapfrogged forward the moment they introduced a market economy and the capitalistic system where they again allowed people to have properties because under communism, the state owns the property, not individuals.”
“But the moment people have properties, they look after them.”
“And after they introduced market economy, they became much, much better off.”