China’s mercantilism is a disaster for the average Chinese just as it will be here.
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What was the average per capital Chinese income BEFORE China embarked on it mercantilism and what is the average per capital income now. What percentage increase?
For the same time period what was the beginning average American per capital income and what is it now? And the percentage increase during that time?
China’s went up and the US’s stagnated. Is there a point to that? Every post Communist economy had a growth spurt. Russia had a recovery as well as Eastern Europe. As we are starting to see with Trump wage growth was stymied by high taxes and regulation not because we could buy cheap textiles and plastic stuff.