alt Hacker NewsYes, 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.
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> but government policy is now making Chinese consumers poorer than they otherwise would be
What country has perfect government policy?
The US has atrocious government policies. Costs of college, cost of healthcare insurance, the reason so many uninsured people use the ER as their primary medical usage, tax policy prioritization of capital reinvestment over wage earnings, caring for the environment over affordable housing, etc are all problematic policy outcomes which make the average person poorer.
They are also unsustainable.
> government policy is now making Chinese consumers poorer than they otherwise would be
Right, that sort of thing never happens over here. We don't give the rich tax breaks while robbing the middle class (and saddling it with mountains of debt that will be coming due in their future), we don't print money hand over fist to fund idiotic wars and other vanity projects, and we don't do everything in our power to prevent workers from organizing for higher wages and better working conditions.
Congress and the executive is hard at work to make the American consumer richer than they otherwise would be. Everything they do is with that goal solely in their minds. It's all they live for, not for making their backers and friends richer and more untouchable.
WOW the classic yes...but..., where's these statement coming from? I'm Chinese and I don't get the point here at all, you guys seem living in vacuum with biased news, and know much much better than we people living here, that's really confusing everytime I see/read comments lie this.
China now is open freely for almost everyone, come and see by yourslef, if you not living poverty.
The world itslef does not work the propaganda way whether you dislike or hate the gov for whatever reason. And yes you can criticize the gov as you like with the news you read otr the party you pro with, but never assume how the people feel and belives if you are not the people, and if you do then that's the same mindset as Trump or any other war-bringing president the US had, and you know what they did and still doing.