• boonhet@sopuli.xyz
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    9 days ago

    All that work has paid off for China.

    True, they’re minting new billionaires faster than any other country in the world.

    • plyth@feddit.org
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      9 days ago

      They are not treated like Iraq or Iran. That alone is a success, for every citizen.

      The difference to the West is that the party stands above the billionaires. That means they have working healthcare despite billionaires.

      • boonhet@sopuli.xyz
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        4 days ago

        We have working healthcare in most of the west, with fewer billionaires. I’d in fact say much of the west has even better healthcare than China.

        The US doesn’t, but then both the US and China are ultracapitalist nightmares.

        How exactly are the billionaires good for China’s healthcare?

        • plyth@feddit.org
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          4 days ago

          Compare China to other countries that were poor in the 1970ies and China becomes impressive.

          The USSR tried without billionaires and they are gone.

          Europe has good healthcare because we had to look good compared to eastern Europe. We are cutting costs and in 10 years we likely will be much closer to the US system.

          • boonhet@sopuli.xyz
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            4 days ago

            And China will also have to cut costs when having an aging society really hits them. Rampant capitalism won’t save them there.

            • plyth@feddit.org
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              3 days ago

              Rampant capitalism won’t save them there.

              That’s why they have an advantage over the west. They can put a limit to the Capitalism.

      • boonhet@sopuli.xyz
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        4 days ago

        Yes, they industrialized. Same thing happened more or less everywhere else, just earlier, because China stayed an agrarian society for longer than many other countries.

        The reason other countries can’t say the same though, is that they don’t have 800,000,000 people in the first place. Well India does, but then they’ve also lifted a few hundred million people out of extreme poverty in the last decade or so. We’ll see what the numbers are like for 2015-2055 in… 29 years I guess.