The End of Days Is Coming Fast and It’s Ugly

[PJL]

It's that damn newfangled thing called capitalism. it has to be stopped. Lifting people out of poverty, how dare it!

...Is that why the communists in China have lifted more people out of poverty than the whole population of the US ? ....(lol)....the US brand of corrupt capitalism is slowly becoming the US style of feudalism.

[DGUtley]

...Is that why the communists in China have lifted more people out of poverty than the whole population of the US ? ....(lol)....the US brand of corrupt capitalism is slowly becoming the US style of feudalism.

'US style of feudalism'? 50 more cents?

[stjames1_53]

...Is that why the communists in China have lifted more people out of poverty than the whole population of the US ? ....(lol)....the US brand of corrupt capitalism is slowly becoming the US style of feudalism.

Enslaving them to cheap wages does not qualify as raising them from poverty.
Name ten nations that are so rich they don't have to work for the Chinese anymore.

[Peter1469]

...Is that why the communists in China have lifted more people out of poverty than the whole population of the US ? ....(lol)....the US brand of corrupt capitalism is slowly becoming the US style of feudalism.

Yes China still has a population greater than America in abject poverty. See my thread Is China a Third World Nation.

[PJL]

Yes China still has a population greater than America in abject poverty. See my thread Is China a Third World Nation.

China has eliminated "abject" poverty nationally .

[PJL]

BEIJING (Reuters) - China has removed the last remaining counties from a list of poor regions, in what officials described as achieving President Xi Jinping’s longstanding political goal of eliminating extreme poverty by the end of this year. The milestone was achieved by lifting 93 million people out of poverty since 2013, China’s government said. Foreign ministry spokesman Zhao Lijian told a press briefing on Tuesday that China was prepared to share its experience with other developing countries......China sets its own national standard of extreme poverty, based on a per capita income threshold of 4,000 yuan per year, or around $1.52 per day, and other factors such as access to basic healthcare and education. That compares with a threshold of $1.90 per day set by the World Bank to measure extreme poverty globally.....Guizhou said average per capita annual income in the counties had risen to 11,487 yuan. State media said third-party auditors had visited the nine counties to conduct final surveys this month....https://www.reuters.com/article/us-c...-idUSKBN284142

[Peter1469]

China has eliminated "abject" poverty nationally .

Except:

China's GDP is pretty impression. ~70% of the US's GDP. Second largest in the world.

But what about China's per-capita GDP? By this measure China ranks 59th in the world. In Purchasing Power Parity (PPP) China ranks 73rd. That is third world status.

This meshes with what I have long said: China is two nations- one wealthy- along the coast and major rivers. And one very poor- the rest of the nation.

[PJL]

Enslaving them to cheap wages does not qualify as raising them from poverty. Name ten nations that are so rich they don't have to work for the Chinese anymore.

What constitutes working for the Chinese ?.....how about Jeff Bezos , does he work for the Chinese ?

[stjames1_53]

China has eliminated "abject" poverty nationally .

making every one poor does not elevate anyone.

[stjames1_53]

What constitutes working for the Chinese ?.....how about Jeff Bezos , does he work for the Chinese ?

Nike makes Chinese prisons profitable.............
Now there's a real lift from poverty for ya.............