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Absolutely true. But China’s industrial dominance is also the government immiserating its people, just in a different way. Domestic consumption in China is famously low, work culture is famously bad (996,etc). And this is because of what their government, not the people of China, have chosen to do. |
Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?
>Domestic consumption in China is famously low
Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.