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> But at least the elites got ridiculously wealthy. Not just the rich, it also lead to the creation of a Chinese middle-class by lifting hundreds of millions o
by freeflight 7y ago
> But at least the elites got ridiculously wealthy.
Not just the rich, it also lead to the creation of a Chinese middle-class by lifting hundreds of millions out of poverty and developing the country as proper economy [0].
A factor that regularly gets underplayed in favor of a narrative where US Americans, still living in the wealthiest country on the planet, blame the Chinese for "missing out".
Yes, just because the US is a wealthy country doesn't mean everybody there is rich, but the wealth discrepancy is a home-made problem and not something China forced on the US.
In that context, this turn on China just feels extremely weird. If you'd explain to anybody 30 years ago how China would develop, the progress they would make and how they embrace capitalism, most people would probably consider you crazy.
Even more so if you then tell them that the US would spite and fight them for it. It's like no matter what they do it's wrong: If they are miserable they need "intervention", if they are doing great they need "containment".
[0] https://www.business-standard.com/article/international/china-lifting-800-million-people-out-of-poverty-is-historic-world-bank-117101300027_1.html https://www.business-standard.com/article/international/chin...
- swagasaurus-rex 7y agoPeople are fine with foreign countries with good economies. What isn't fine is an asymmetric trade imbalance caused by one sided protectionism, currency manipulation, espionage, and tariffs that aren't reciprocated.