4 ms·
The article is misleading. What matters when comparing economic systems is relative standards of living _per person_, and America's GDP per capita of around $60
by logicchains 1y ago
The article is misleading. What matters when comparing economic systems is relative standards of living _per person_, and America's GDP per capita of around $60k is 4x larger than China's GDP per capita of around $15k.
The reason China's total GDP is high is because the population is so high, over a billion people. That's something the Chinese government deserves zero credit for because without the one child policy the population would be even higher; the Chinese government actively tried to suppress population growth.
As another point of reference, Taiwan's GDP per capita is around $34k. I.e. if you look past the propaganda, in empirical terms the average Taiwanese person's material quality of life is twice as good as the average mainlander's.