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850 million people have been lifted out of poverty by going through an accelerated industrial revolution similar to what lifted the West out of poverty, largely
by ralusek 7y ago
850 million people have been lifted out of poverty by going through an accelerated industrial revolution similar to what lifted the West out of poverty, largely funded by the West outsourcing the labor its citizens' expectations for quality of life would no longer allow.
- vkou 7y agoAnd yet, for some reason, the same has not happened in India. Why is that?
- ralusek 7y agoBecause India has not served as the primary manufacturing hub for first world countries to nearly the same degree. Also, China has an authoritarian but competent government that very effectively reinvested their newly acquired wealth into infrastructure/development.
- Fjolsvith 7y agoPerhaps the government in India hasn't yet figured out how to print money like the Chinese Communist Party?