Fasco-capitalst is an exaggeration, but there’s no way a country intentionally keeping the standard of living of the working class that low, just to remain as the world’s sweatshop is Marxist-Leninist nation.
intentionally keeping the standard of living of the working class that low
Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million
China’s battle against poverty has benefited the largest number of people in human history
That truly sounds like hell
Something like 70+% of Chinese millennials own their own home as they are experiencing a massive boom in jobs, pay, and benefits. Meanwhile ess than 40% of US millennials do. It’s much less when you account for mortgage vs actual paid off.
The west probably would say Satan is communist, so hell indeed (and please Satan, grant me a place there!)
damn that’s crazy bro factory wages are actually getting bigger and bigger in China because people don’t want to work in factories since they’re going to college, China hasn’t had sweatshops for decades and they’re actually keeping prices low because they make economies of scale You should learn advanced economics probably
Fascinating. I’ve often seen very video game-esque simplifications of complex geopolitical and economic situations, but to think all Xi has to do to fix the standard of living is just turn a slider up like in a video game! Doesn’t he know that the 10% happiness boost the people get will outweigh the additional income cost per turn, especially in the long run? And he hasn’t even started trying to build any world wonders smh.
I wasn’t aware that the western world has cheap healthcare, protects striking workers that kill corrupt bosses and capitalists, and raises the minimum wage every few years.
