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And most of them are sadly going to go right back into extreme poverty since factories are leaving China, capital is are outflowing, rich people are escaping.
by sharetea 11y ago
And most of them are sadly going to go right back into extreme poverty since factories are leaving China, capital is are outflowing, rich people are escaping. Then they realize the farm they left has been commandeered to build empty apartments, their environment polluted to where they will fall victim to diseases.
There is no secret to the communist China's playbook. They opened to the world a vast amount of workers, charging for them pennies a day. But once that has been used up and become too expensive, the end game is joblessness and destruction of their environments. And they still have a totalitarian government.
- mazerackham 11y agoDo you have any sources to back up what you're saying, or is that your hypothesis? Also, from your tone it sounds like that is what you hope will happen. I hope that not to be the case.
- tim333 11y agoThe hypothesis seems dubious. Their manufacturing is less competitive because wages have risen like ten fold. It's like saying the Chinese will return to poverty because they have become too wealthy.