2018 dollars. The vast majority of China in the 1950s and earlier lived in extreme poverty. Also, I realize I meant a thousand percent, not a thousand times. M

2018 dollars. The vast majority of China in the 1950s and earlier lived in extreme poverty. Also, I realize I meant a thousand percent, not a thousand times. My bad on that one. China is merely 130 times more productive (in 2018 dollars) than they were 60 years ago. Which I don't think disproves my point.