Do you know how many billionaires and millionaires China created once they tossed Maoist/Marxist economics in favor of much freer (capitalist) economic activity?
The US has almost 1000 billionaires, and China has around 500, now, not including Hong Kong.
Free markets raise incomes for everyone, and make more millionaires and billionaires.
But, in fairness, socialist Zimbabwe had the first trillionaires.