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moorookamick

22,350 Posts.

769

08/03/21

08:53

Post #: 51589174
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Originally posted by moorookamick: ↑

A fair measure of the Chinese regime is to compare it to India next door
which has similar population and similar past colonial regimes.

Ideology is fine provided it works for everyone and there is a saying
that economics trumps politics over time.

It was economics that brought down the Soviet Union, not politics
and this is why the USA is putting economic pressure on China in
the hope that it too will do a USSR. Unlike the USSR, the Chinese regime
hasn't had to build a wall to keep its citizens in.

The way that the USA is fairing out economically since the GFC
perhaps indicates that its economic system is in more strife than
that of China, IMO.

That said, I would like to see China morph into a more democratic/humane
society but retain its economic growth and its lifting all out of poverty.
IMO, its not a good look for the USA to have such a high %age of its
population close to the breadline despite over a 100 years of to
prove that its system is the bees knees for all.

There are now nearly 44 million individuals on the program, up more than 20 percent from about 36 million in 2019, according to the latest data"
(source: politico.com)

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https://www.newgeography.com/content/005050-500-years-gdp-a-tale-two-countries
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