Posted on 10/22/2014 8:05:05 PM PDT by 2ndDivisionVet
When Deng Xiaoping took over China in the late 1970’s, China was a very poor country. One of the first things that Deng did was to allow individuals to acquire and maintain property. This capitalistic approach started one of the greatest economic transformations in world history. More people in China have been lifted from poverty in a shorter span of time than ever before in human history. Half a billion Chinese citizens have risen out of poverty due to China’s economic swing to capitalist policies!
China still has its problems, but while the US is moving more and more towards a welfare state, China is moving more and more towards prosperity. Deng (Xiaoping) rejected any possibility of importing the welfare state into China. He insisted that the enhancement of welfare should be coordinated with the development of production. Other Chinese leaders have reiterated Deng’s approach. Today China’s welfare spending is low but it is increasing.
According to the Ministry of Human Resources and Social Security of the People’s Republic of China, the total amount of outflows for China’s social programs in 2011 was $287 billion USD. On the other side of the Pacific, the US spent somewhere between $1.7 and $2.1 trillion USD in 2011 on health, welfare and pension (old age) benefits....
(Excerpt) Read more at thegatewaypundit.com ...
Freebies are basically needed only early in a class warfare. When everyone is equally bankrupt you don’t need that much freebies, just a good explanation on why the free stuff gone and who is at fault. And to be ready to crush anyone who voice doubts towards your explanation.
On the other hand it is little correlates to modern China which is anything but a communist country today.
The libtards can’t let any of there voters go hungry. Can’t protest on an empty stomach.
“On the other hand it is little correlates to modern China which is anything but a communist country today.”
Interesting! I have many Chinese-born friends, who are now proud American citizens. They are mostly Christians. One of the reasons they came was for religious freedom. And to create a better life for their children. The couple who aren’t Christians came for freedom. But they all say that China is much improved over it’s past.
BTW; My best friend, who is a world-reknown guitarist, is on a one month. completely sold out tour of china. They love him there, and in Europe too!
https://en.wikipedia.org/wiki/Neil_Zaza
I admit to being prejudiced, as I have recorded with him!
http://www.neilzaza.com
But,,,, they love him in China!!!!!
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Nobody should be surprised by this. North Korea spends almost nil on anything “welfarish” - including healthcare that is a distant dream or most of them.
Okay not getting into the welfare right or wrong argument, that being said what the hell do you expect? I mean what the cost of living in China compared to the U.S., a sack of rice and a couple of pigs and you’re done with a Chinese family for the year. Anybody that tries to compare dollars this way is so disingenuous as to demand ridicule for their argument.
~One thing that alway strikes me is how quickly economies can turn around. You hear people (like Obama) say that there are no quick fixes. The truth is, if you unfetter capitalism, things can change very quickly. In five to ten years, a poor country can become prosperous. Capitalism is as quick fix. ~
Public opinion inertia is that migth make a problem.
If there is a societal consensus that certain things are wrong it won’t even take a decade to fix it.
And when there is no consensus in place things won’t change in centuries.
~Okay not getting into the welfare right or wrong argument, that being said what the hell do you expect? I mean what the cost of living in China compared to the U.S., a sack of rice and a couple of pigs and you’re done with a Chinese family for the year. Anybody that tries to compare dollars this way is so disingenuous as to demand ridicule for their argument.~
You got it conceptually correct but there is some formal misunderstanding on what is modern China.
There are basically two countries, rural which is a 3rd world and shrinking, and urban which is quite advanced and expanding.
If we are talking about the latter, living standards are much closer to that you expect to see in the west and it won’t be exaggeration to say, considering a living cost differences you mentioned, that with a blue collar industrial wage of say $8,000 a year, a lower middle class Chicom person can have pretty compatible material wealth to urban American making $50,000.
Note, that said 5 to 10 thousand income is not near UN’s 3rd world ‘under dollar a day’ poverty line, even without adjusting to cost difference.
And here we are talking about lower side of a food chain only.
At the same time China has more families worth $100,000 and more than neighboring Russia has families at all.
China is a growing middle class society and the more middle class the more demand for freedom and rule of law in my opinion.
Given that they would be able to sustain their economic growth we can expect China to outflank the ‘free world’ not only in terms of economic power which is already a reality.
Of course there are many factors in play, probably too many to bring into this discussion, so we shall see.
How does NASA get by on only $18 billion a year?
Which is the reason why so many third-world people are flocking to the US across the US/Mexican border. They are coming for the opportunity to live the “New and Improved American Dream”: Suckling on the gubmint(taxpayer)teat.
Why is this a shock?
American companies have HIRED CHINESE WORKERS, BECAUSE THEY MOVED TO CHINA.
Bring back jobs to America.
Seriously. Stop building up China. We need to support America, and that means we need to support American companies.
And AMERICAN COMPANIES need to support us, in return.
Our system is way out of whack right now.
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