4 ms·
Same for China. All of the amazing productivity of China is basically subsidized by the Chinese state, which really means it is subsidized by the Chinese popula
by Sammi 3y ago
Same for China. All of the amazing productivity of China is basically subsidized by the Chinese state, which really means it is subsidized by the Chinese population. Westerners get cheap products and the Chinese population pays for it and stays poor themselves. Only a fraction of the Chinese population lives at western living standards - the rest are still dirt poor.