China has also been doing things like ensuring that everyone has housing with 90% of families in the country own their home giving China one of the highest home ownership rates in the world.China’s been improving real wages (i.e. the wage adjusted for the prices you pay) that have gone up 4x in the past 25 years, more than any other country, and making sure people have high social mobility.
So, yeah one’s a lot better than the other when you look at the outcomes. This meme basically sums up the dynamic perfectly.
I get the impression that US talks about China a lot more than China talks about the US.
While US keeps perseverating over China collapsing, China stealing US tech, China becoming a global power, and so on, China’s been busy working on doing things like eliminating poverty, creating public infrastructure, providing healthcare, housing, food, and education for all citizens. Chinese government practically eliminated poverty, building infrastructure having used more concrete in 3 years than US in all of 20th century, building 27,000km of high speed rail in a decade.
China has also been doing things like ensuring that everyone has housing with 90% of families in the country own their home giving China one of the highest home ownership rates in the world.China’s been improving real wages (i.e. the wage adjusted for the prices you pay) that have gone up 4x in the past 25 years, more than any other country, and making sure people have high social mobility.
So, yeah one’s a lot better than the other when you look at the outcomes. This meme basically sums up the dynamic perfectly.