this post was submitted on 20 Aug 2023
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Well that's just bullshit. Markets have brought more people out of poverty than anything.
Did you know that China is responsible for 75% of the global poverty reduction over the last 40 years?
https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience
https://openknowledge.worldbank.org/server/api/core/bitstreams/e9a5bc3c-718d-57d8-9558-ce325407f737/content
Do you know how China got such a huge poverty by the 1980s? Do you know how China got the wealth to start impacting it's poverty?
Hint: the CCP took power in 1949. The Maoist era ended 30 years later, and massive economic liberalisation reforms started.
China today is a world trade powerhouse governed by an elite class (The CCP) with the proles given just enough to keep them where they are. It's lifted them out of poverty, but it is the shining example of a totalitarian capitist state. If anybody thinks the proletariat have power in China, and it is therefore a socialist state...or that it's classless with no elite and a communist state... well... You need to talk to some Chinese people.
Glad to see Liberals busting out the good old “it’s not real socialism!!111!!” to cope with China’s success :’)