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China

(drewdevault.com)
847 points kick | 1 comments | 20 Nov 19 15:44 UTC | HN request time: 0.205s | source
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novok ◴[20 Nov 19 17:11 UTC] No.21585835[source]▶
I don't think that the cheaper goods that China gave the world only benefited the %1, and actually has helped a lot people in america and the world.

I also don't think that the economic miracle that has happened in China is a bad thing, and they could of been more singaporean/south korean authoritarian vs. genocidal authoritarian to achieve it. I really want china to become another Japan or Korea eventually.

I do agree with you that China is basically a modern day nazi germany, pre WW2 at this point.

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1. camgunz ◴[20 Nov 19 17:52 UTC] No.21586363[source]▶
There are a lot of details, and it's definitely the case that countries like India, China, Mexico, Bangladesh, etc. have benefited tremendously from economic development.

But it's also the case that the US (and most of the West) is experiencing levels of income and wealth inequality not seen since the beginning of the 20th century. The profits from these economic miracles is indeed going largely to a very small number of people, even in the aforementioned countries (China's poverty statistics are frightening, for example, even by their laughably low standards).