4 ms·
Excuse me. This idea that Chinese and Indians would be living in mud hut level poverty without blessing from the American capitalist class is an feel good manu
by sand_castles 7y ago
Excuse me.
This idea that Chinese and Indians would be living in mud hut level poverty without blessing from the American capitalist class is an feel good manufactured narrative.
India has very little integration to global supply chains, they famously followed a consumption lead growth model - "We feed our people before others".
China duped the American capitalist class using the carrot of profits.
They could have easily bought the technology and know how from Europeans, but couldn't believe their luck when they found out how easy it was to make Washington sell it's industrial base.
You are free to reindustrialize at paying 45 dollars / hour to assembly line workers.