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Incredible how "keeping their people down" means leaps in personal wealth and happiness for huge swathes of the population and internal criticism is that it is
by tehjoker 1y ago
Incredible how "keeping their people down" means leaps in personal wealth and happiness for huge swathes of the population and internal criticism is that it is a "poverty reduction machine" that is too focused.
- jamiek88 1y agoTell that to the Uyghurs if you can get into their concentration camp to have a chat.
- jaggs 1y agoYep, comment arrives right on time. Nicely played. :)
- bigyabai 1y agoThey're not mutually exclusive. Lots of terrible and mismanaged governments rely on genius short-term economic exploitation, like Syria, Iran, India, Korea, etc. What would be incredible is China sticking the landing to a third-sector economy. Plenty of countries have industrialized over the past century, only a handful became true service economies.
- tehjoker 1y agoYou can only become a service economy by outsourcing everything to another country. It's not a sustainable model and it's related to imperialism.
- bigyabai 1y agoChina's not afraid of a little imperialism, and they'd be wise to embrace more globalism in exchange for better standards of living. If America falls and China refuses to pivot to the service sector, then they'll slide back into only being valued for cheap labor. They have to strengthen their internal financial sector or else someone else will.
- energy123 1y agoIf they had a government like Taiwan they would be significantly wealthier. Their government is a drag and should not steal credit from the actual people who made that wealth with their hard work and entrepreneurship.