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Name one successful communist nation!
(media.mas.to)
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this post was submitted on 20 Jun 2024
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Capitalism is a system where people who own capital exploit the working class to create more wealth for themselves. A system where the means of production are publicly owned and are used for the benefit of the workers is demonstrably not that. The fact that you don't even understand such basic things shows how woefully clueless you are.
@yogthos China is a place where people who own capital exploit the working class to create more wealth for themselves. The fact you're pretending otherwise makes you an anti-communist, an anti-materialist, or more likely both.
Yup, that makes sense. That's why China is pretty much the only place in the world where large amount of people are being lifted out of poverty, while the wealth of the rich is diminishing. You are very intelligent. You wouldn't recognize materialism if it hit you in the face kid.
@yogthos China is a place where some people are being lifted out of poverty BY CAPITALISM BECAUSE CAPITALISM IS THE ECONOMIC SYSTEM IN PLACE THERE. Also while it is a lot of people it's not as many as the official number because the poverty line itself is affected by factors other than people's living conditions.
Interesting theory. Let's see how it stands up in face of actual facts of the situation...
Household savings hit major highs across China https://www.chinadailyhk.com/hk/article/315229
90% of families in the country own their home, giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes/
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world's total poverty population would have risen) https://www.semanticscholar.org/paper/China%E2%80%99s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&locations=CN&start=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. https://www.youtube.com/watch?v=Cw8SvK0E5dI
https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience