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I mean those cronies kinda made it rain money over that billion people. They transitioned the nation from an agrarian society to a major geopolitical economic p
by rrrrrrrrrrrryan 2y ago
I mean those cronies kinda made it rain money over that billion people. They transitioned the nation from an agrarian society to a major geopolitical economic player, and they've averaged double-digit annual GDP growth for over 3 decades, which is unprecedented in all of human history.
The real question is what happens when they inevitably have a major economic downturn. Will the cronies lose power? Will they cling to power using violence against the opposition? Will they start a war to distract and rally their population?
- fennecbutt 2y agoLmao no. Only a small fraction ever see that wealth, the same fraction who are selling the cheap labour of the factory worker underclass: https://www.marketplace.org/2023/04/17/why-more-workers-in-china-are-ruling-out-factory-jobs/ https://www.marketplace.org/2023/04/17/why-more-workers-in-c... No money raining down on the poor workers who gotta buy their own safety equipment or just deal without having any. Your job is to drip your hands in mercury every day don't like it then there are a thousand waiting to step in to replace you.
- throw3737284 2y agoLmao no. It's a large majority that have seen the wealth. Why do you think companies are leaving China? It's because the workers are now demanding more money because everyone is richer.