cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
It’s true, China Has Billionaires.
United Nations, 2019: Helping 800 Million People Escape Poverty Was Greatest Such Effort in History, Says Secretary-General, on Seventieth Anniversary of China’s Founding
Sure man, I guess the nets on the sides of the factory buildings are there to catch workers who are jumping with joy because their work is so rewarding.
I don’t deny that China’s economic ascendancy has been remarkable and a big win against poverty, but now that people have gotten past the starvation phase, I don’t think you can use the “high tide raises all boats” analogy. It sounds a lot like tricke-down economics to me, with some hand-waving that things are different in China because the wealthy elites are actually generous patricians.