pErvinalia wrote: ↑Fri Nov 16, 2018 11:01 pm
Forty Two wrote: ↑Fri Nov 16, 2018 9:17 pm
If you think China offers a better level of economic well being to its people than the western capitalist countries, I'd ask you to substantiate that. The only areas where China has prospered is where they have dipped their toe in the water to liberalize their economic policies. Chinese living standards are about 20% of (not 20% below, 20% OF) the US, and about 30% of the EU average. China provides a nice example of Socialism sucking.
China's GDP growth rates have dwarfed the US's for decades. I suppose you'll say that's the capitalism part. To be honest, your whole position reeks of a begging the question fallacy. You start from the assumption that all the good stuff is capitalism and all the bad stuff is socialism, and then you apply that to all the good and bad you see around the world, as if that is some form of argument.
Once again, their GDP growth rate is a function of the areas where they have economically liberalized. Even with five times the population, China's GDP is less than 2/3 that of the US. That should indicate how far behind the US most other countries are. Third place Japan has a GDP 2 1/2 times smaller than China.
I do not start from the proposition that all good stuff is capitalism and all bad stuff is socialism. I based my statement on the fact that the areas of China's geography and economy where there has been an increase in economic well-being - the engine of that increased GDP - are the areas where China has increased, not decreased, economic liberalism.
In 1978, China began opening up its economy to foreign investment and private enterprise. By 2005, the private sector in China broke past 50% of the economy. And, during that time period, as the private sector grew, China's GDP grew around 10% annually - every year. Then after Deng left and Xi Jinping took over - China started reigning in the free market and increase its State control over enterprises - hundreds of corporate firms were required to revise their corporate charters to give the Chicom Party more power over corporate affairs and governance. That started in 2012-13, and since then the Chinese economic growth has been slowing.
Roughly three-quarters of the Chinese (76%) agree that most people are better off in a free market economy. And since 2002, the Chinese have consistently been one of the strongest proponents of capitalism compared with other publics around the world, even more so than Americans and Western Europeans.
http://www.pewresearch.org/fact-tank/20 ... apitalism/ The past 30 years have brought enormous changes to the Chinese economy. In the late 1970s, the government started opening the economy to foreign investment and privatization. With these changes came sky-high economic growth – an average of 10% since 1980.
“When I was in college, I took a terrorism class. ... The thing that was interesting in the class was every time the professor said ‘Al Qaeda’ his shoulders went up, But you know, it is that you don’t say ‘America’ with an intensity, you don’t say ‘England’ with the intensity. You don’t say ‘the army’ with the intensity,” she continued. “... But you say these names [Al Qaeda] because you want that word to carry weight. You want it to be something.” - Ilhan Omar