this post was submitted on 14 Nov 2023
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Billionaires exist and this poor man can't get a goddamn health care worker.
At all levels of government we're (worldwide) making due with less while these fucking parasites grow.
Shit is going to get ugly in the next few decades...
Not everywhere...
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world's total poverty population would have risen) https://www.semanticscholar.org/paper/China%E2%80%99s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&locations=CN&start=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience
This is why the Chinese people are very supportive of their government. You would be too in this situation.
Exactly, no great mystery as to why Chinese government enjoys overwhelming public support.
Yep, literally no problems at all for Xinnie and company... Nope.
How many times are people going to face this claim?
China's pretty much popped their real estate bubble already, yet consumer spending is already recovering.
this time for sure 😂
I'd not repeat the Pooh meme if I'd were you. It implies Obama being a N-word. But libs and racism go hand in hand, so there you go.
The answer is no, because of the fundamental differences in how Japan and China are run.
Japan is modeled off of a capitalist imperialist economy, similar to the US. And as such, it will stagnate and requires imperialism and increasing levels of exploitation to maintain its economy. It does not have the tools or methodology to develop further without imperialism. And thus, it stagnates.
Meanwhile, China is socialist. It uses dialectical materialism to solve social issues and promote cohesion. And instead of profit, it will seek to optimize material conditions, and identify the barriers to doing so, creating a strategy for development. Through Marxian economics, it understands that productivity comes through cooperation and labour, and not profit. Optimization can be performed throughout the supply chain through central planning.
China runs under C—>M—>C, while Japan runs under M—>C—>M.
China does have problems but it also has the tools to solve them, instead of just sweeping it under the rug.