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by necovek
1656 days ago
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Which countries would that be? I can only see Qatar when compared by median at https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe..., but when we switch to ranking by "mean" wealth, even that changes. Basically, none of that convinces me that Chinese economy will continue to see exponential growth as their salaries get closer to Western salaries, and that it will not run into stagnation at that point. This was just a retort to a claim that China will continue to have prospering economy in foreseeable future which allows them to be more formidable and threatening to our freedom. I am totally not an expert though, but country wealth (esp not those countries driven by natural resource exports) is not a good indicator of future economic performance: sure, it allows a country to pivot and prepare for the change better. |
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If you look at median incomes, UAE, and Saudis are of course ones with higher per capital income, but you see plenty of other quite prosperous nations in the club. When oil was above $100, and Russians were swimming in USDs, they were even less proclived to go to the streets.
Suharto, Marcos, and a few Latin American dictators equally had their best years when relative prosperity kept populace pliant, even if there was an apparent stagnation.
Popular revolts really only happen at the furthest extremes of the spectrum of prosperity, or rapid movement in it. Even just "not dying from hunger" level of prosperity is enough for dictatorships to survive with ease.