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I think I provided the wrong link. To be clear, the Gap Minder tools show the majority of the improvement came to India and China after they opened their econo
by JackFr 6y ago
I think I provided the wrong link. To be clear, the Gap Minder tools show the majority of the improvement came to India and China after they opened their economies.
https://www.gapminder.org/tools/ https://www.gapminder.org/tools/
And in fairness, 'capitalism' is a very imprecise term which often means different things to different people.
- poiuytrewqa 6y agoI think that's a good comparison. Indeed while in China living condition of the middle class are good and comparable to what you can get in the west, and the low income class still have a fair access to basic needs (housing, water, toilet) this not exactly the same in India. So if the open market would be the only reason of the progress we should've seen something similar in the two countries. The only similarity that they both share is a growing disparity between high income class and low income class Also Chinese policy is more towards open trade than open market. I feel that complicated topic such as progress can't be condensed into one action that can deliver the expected results. In fact is always a combination of policy that bring the desired effect