this post was submitted on 23 Feb 2024
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No. My impressions are based on having lived it before the iron curtain fell.
You mean living under capitalism?
Russia and Hungary are capitalist, China is a transitional stage economy run by a communist party.
Living in the first decade of capitalism after communism, where freedom of the media exposed all the reality, people were still broke but the state no longer provided free housing (and the build codes changed to no longer allow cheap crappy concrete blocks), old "communists" sold half of all infrastructure to their buddies (where did someone get billions during communism??) and professionals started charging higher rates because now they were free to migrate west if they didn't earn a decent wage at home. Among others.
As of 2024, things are quite different.