alt Hacker News>But China’s industrial dominance is also the government immiserating its people
Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?
>Domestic consumption in China is famously low
Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.
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Not as much as their East Asian neighbors, who had increasing democracy and fewer deaths to starvation…
> Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?
Yes, but China-bad ideology demands that we ask ”at what cost?”
Yes, their system has lifted hundreds of millions out of poverty, but government policy is now making Chinese consumers poorer than they otherwise would be in order to support domestic industry. It seem’s to be for geo-strategic reasons rather than in the interests of the Chinese people, it’s also probably unsustainable.
For bringing people out of poverty, they had laminated placards attached to the doors of people who were poor, and the name of the government official who was responsible for lifting that family out of poverty, and if that government official failed at it, they wouldn't advance in their career.
>Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?
So did the western world.
Ask Poland, the Baltics and East Germany if they want communism back. I'll wait. :)
I am so tired of the praise of China online while condemning the west. Worst part is you probably live in the west.
*Nono, dont reply, just downvote instead :)
> Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?
A lot of that was the result of stopping doing the damage they had done in previous five decades that resulted in such a high proportion of their population living in poverty.