1

The most presumptuous statement from Yellen was to credit capitalism with ending poverty in China: “A market-based approach helped spur rapid growth in China and helped lift hundreds of millions of people out of poverty. This is a remarkable economic success story.” (treasury.gov, July 7)

But it was not the ruthless capitalist market that accomplished this historic feat. It was state planning, in the hands of the working class. The conscious development of small industries, local markets, skill training and infrastructure in rural, underdeveloped areas helped raise the standard of living for millions.

China was able to accomplish something that no capitalist economy in history has accomplished. It was able to end poverty and hunger through a web of social and economic development programs. More than 800 million people quickly benefited, as will billions more in generations to come.

It was the largest and most rapid improvement in material conditions in modern history. China had been one of the poorest countries on Earth. Now it is an economic powerhouse.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 22 Jul 2023
1 points (100.0% liked)

中国的最新发展, A place to learn about China, Chinese and China's latest developments, (Reddit's Sino)

0 readers
0 users here now

这是一个专门讨论中国、中国文化、中国语言和中国人的论坛。

~This~ ~is~ ~a~ ~forum~ ~dedicated~ ~to~ ~China,~ ~Chinese~ ~culture,~ ~Chinese~ ~language,~ ~and~ ~Chinese~ ~people,~ ~and~ ~China's~ ~latest~ ~developments.~

规则

~Rules~


需要翻译英文吗?讨厌谷歌?
~Need~ ~to~ ~translate~ ~Chinese?~

Deepl
Hanzii


~Welcome~ ~Wiki~

~FAQ~

~China~ ~Guides~


这个论坛目前由一个不会说中文的人主持,他不是共产党员,而是一个反帝国主义、反附庸国的欧盟联邦主义者,他似乎在任何地方都找不到立足点,因为他国家的所有政党都是亲美附庸国的,所以暂时居住在这里。

~This~ ~forum~ ~is~ ~currently~ ~moderated~ ~by~ ~someone~ ~that~ ~does~ ~not~ ~speak~ ~Chinese~ ~and~ ~is~ ~not~ ~a~ ~communist,~ ~but~ ~an~ ~anti-imperialist,~ ~multi-polarist~ ~EU~ ~federalist~ ~that~ ~can't~ ~seem~ ~to~ ~find~ ~a~ ~foothold~ ~anywhere,~ ~as~ ~all~ ~political~ ~parties~ ~in~ ~his~ ~country~ ~are~ ~pro-US~ ~vassal~ ~state,~ ~so~ ~resides~ ~here~ ~for~ ~the~ ~time~ ~being.~

founded 3 years ago
MODERATORS