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People’s expectations were also lower. And there wasn’t any incentive for other countries to be involved. Both those factors have changed. The Chinese people a
by addicted 5y ago
People’s expectations were also lower. And there wasn’t any incentive for other countries to be involved.
Both those factors have changed. The Chinese people are not gonna tolerate an extended reduction in their quality of life. Anything short of rapid quality of life growth may be catastrophic for the people in power.
And on the other side, other countries have a lot of incentive to further make things difficult for China and it’s leadership.
- 88913527 5y agoThe tang ping moment to some degree validates that quality of life has at least plateaued for many, or that the effort involved to further improve QOL isn't worth it. However, that problem doesn't seem unique to China, and other countries are starting at a higher baseline standard of living.