Life expectancy doubled in China under Mao. Footbinding was ended, industrialization rapidly expanded, and famine was permanently ended. China was a semi-feudal backwater before the communists took charge and began restoring the sovereignty of China.

For anyone curious, they are, according to themselves, a Taiwanese capitalist:

I didn’t know what I wanted to do until I was well in my 30s. Prior to that, I worked at a very big retail bank and worked from a teller to a regional manager with over 220 stores under me.

You know what. I fucking hated every moment of that job.

I quit after my mom passed and they gave me 2 weeks off and then I was back into the grind.

I took 1 year off and decided to go into tech. The one place I enjoyed doing on my spare time.

I got my first tech job at 36. And since then have owned my own company and worked for big corporate companies.

You sorta have to try things and hate things before you know what you want.

It makes perfect, logical sense for OP whose background is in finance and has owned a business to despise socialism. This is their bias.