Communist China's Economy far outpaces that of US/EU (socialism don't work DERP)

[OGfrom06]

[JayJ350]

China isn't socialist.

[Thebigzub]

What do you expect when the citizens are slaves........delete this

[xxAchillesxx]

Nobody said socialism doesn't work. We say it works, until it doesn't. Which happens 100% of the time.

[OliverHeldens]

US and Europe have been mature economies for a long time, China has been a emerging market that is now falling into what is called the "Middle Income Trap", where they have an export economy and their Domestic wages rise and they no longer have anything to offer the global markets and begin to stagnate.

[JackyChin]

China’s National Bureau of Statistics (NBS) has again released official youth employment data for December 2023: 14.9 percent. The government stopped reporting the rate in June 2023, after it had risen continuously to record high of more than 21 percent, as high as 40 percent in rural regions or as high as 50 percent when you factor in part-time or underemployment.

The cultural demands on young Chinese workers are high—they are routinely expected to work “9-9-6”—from 9 am to 9 pm, six days a week.

https://www.atlanticcouncil.org/blog...ric-same-mess/

[OGfrom06]

China isn't socialist.

So a country run literally by Chinese Communist Party isn't Communist/Socialist?

ok timmy

[JayJ350]

So a country run literally by Chinese Communist Party isn't Communist/Socialist?

ok timmy

Just because people call themselves something doesn't mean they are that thing.

[frankdtank20]

Adjusting for PPP basically just signifies their currency is weak and cost of living is cheap. 2/3rds of Chinese still live in dire poverty. Maybe not by their standards, but compared to the US or Europe they are living in dire poverty, 19th Century style...but with smartphone access.

China's GDP is still lower than the US even though their population is 4x the US. If they hadn't embraced state-supervised capitalism it would be 50x lower and they'd still have millions starving to death like they did under socialist planning.

OP is as knowledgeable as a high school dropout on economics.

[frankdtank20]

So a country run literally by Chinese Communist Party isn't Communist/Socialist?

ok timmy

Economics of fascism. State-managed capitalism. A very different economic structure than Mao's epically failed tenure of central planning and mass death. Of course the beauty of still being a civilly commie place is they can make up numbers, which even their high up politicians admit.

China's in a deflationary recession now and it's not likely to get much better, since the world is slowly pulling factories out. Although they're colonialists in Africa, so that will help keep China afloat. It will be a 2nd world country for the rest of this century.

[Fang2]

If you like it, then move to China.

[ithappenss]

the west isnt even capitalist or a democracy . it's literally been sold out. back in the 80s or so it was thriving and even then it wasnt 100% capitalist

[twovalvekid]

Adjusting for PPP basically just signifies their currency is weak and cost of living is cheap. 2/3rds of Chinese still live in dire poverty. Maybe not by their standards, but compared to the US or Europe they are living in dire poverty, 19th Century style...but with smartphone access.

China's GDP is still lower than the US even though their population is 4x the US. If they hadn't embraced state-supervised capitalism it would be 50x lower and they'd still have millions starving to death like they did under socialist planning.

OP is as knowledgeable as a high school dropout on economics.

Lol this.

Easy to make your economy look good when you fudge numbers, force people to work, continually build things needed or not, and steal tech.

[OGfrom06]

If you like it, then move to China.

Like so many businesses that moved their operations to?

How about no

I ain't no greedy Jew-Capitalist.

[OGfrom06]

Adjusting for PPP basically just signifies their currency is weak and cost of living is cheap. 2/3rds of Chinese still live in dire poverty. Maybe not by their standards, but compared to the US or Europe they are living in dire poverty, 19th Century style...but with smartphone access.

China's GDP is still lower than the US even though their population is 4x the US. If they hadn't embraced state-supervised capitalism it would be 50x lower and they'd still have millions starving to death like they did under socialist planning.

OP is as knowledgeable as a high school dropout on economics.

So state-sponsored "capitalism" worked?

Good to know

I thought Govt was the Evil.

[MeSoHawny]

China is not a communist state. Communism has no real market at all. Zero capitalism.

China is a fascist state

It has highly regulated but still capitalist market, with government control over key industries and companies.

Look at what fascism is, and look at what China is. They stopped being communists in the 90's.

[FarmersSon]

I know what GDP is, but what's PPP?

Anyway, too many freeloaders in the US. If people had to contribute or they would starve, production would go up overnight.

[ithappenss]

I know what GDP is, but what's PPP?

Anyway, too many freeloaders in the US. If people had to contribute or they would starve, production would go up overnight.

it's similar to CIM OWC

[FarmersSon]

it's similar to CIM OWC

Lol, I know what those are - definitely been miscing too much.