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by solotronics
2589 days ago
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And what exactly caused the wealth inequality? The CEO types closed American factories and moved production to China. This is great for the stock of said company, the CEO, the board of directors, and China. Wait a minute... this really sucks if you are were a worker in the American factory that closed! Hey at least they can buy cheap Chinese stuff at Walmart with their unemployment checks. |
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I never mentioned inequality. The purchasing power (and wage) of the average American and European working has either declined or stagnated. What China has done pulling millions out of poverty is amazing, taking nothing away from that. Lets not pretend those BS 8% growth numbers year after year did that, a lot of that wealth came from the west.