Comment by James_K
2 years ago
> Our current economic system has consistently lifted large numbers of people out of poverty historically, and is still doing it today.
I think you mean China's economic system, which was in turn based on the practices of the USSR. China's economic system is lifting millions out of poverty, but western systems are systematically dragging people into it. Poverty in the US has never been lower than it was in 1973. Since then, poverty in China decreased by about 85%.
> Between 1973 and 2013, the number of people in poverty in the US increased by ~60%.
You edited your comment. I believe it originally contained the text above.
I'm assuming the edit was due to the fact that the statistic was based on absolute numbers and was not corrected for US population growth.
I also think the US vs China comparison is basically apples to bowling balls. It's "easy" to lift a giant percentage of the population out of poverty when a large swath of your population is in poverty.
Not saying the US doesn't deserve some criticism here, but your comparison was not apt.
> It's "easy" to lift a giant percentage of the population out of poverty when a large swath of your population is in poverty
Not entirely true. When you look at the decrease of China's extreme poverty, it is almost linear up until the numbers got to essentially 0. Even if this were true, it should be easy for the US to lift people out of poverty, given that there is a huge number of poor people in America.
> Not saying the US doesn't deserve some criticism here, but your comparison was not apt.
My point more broadly is that China has spent 40 years going in the right direction and the west has spent 40 years stagnating and deteriorating. At any rate, my main qualm was with the text "and [our economic system] is still doing it [lifting people out of poverty] today". This is not true by any metric.
The same economic systems you praise resulted mass starvations due famine killing millions in the process of trying to raise them out of poverty, (see the great leap forwards). Whats really lifting them out of poverty is the west exporting manufacturing to China. its not socialism pulling China out of poverty its mercantilism. As western cash is exchanged for Chinese products, its no surprise then that as poverty has waned in China is has been waxing in the west?
> Whats really lifting them out of poverty is the west exporting manufacturing to China
How does one export manufacturing? It is undeniable that that China has benefited from science and innovation, but these I would consider to be the fruits of all mankind. If anything, the west has tried its hardest to keep knowledge from China. China has only advanced by systematically breaking intellectual property law that the west set up with the intention of hoarding knowledge to ourselves.
> its not socialism pulling China out of poverty
As you would expect, since China isn't really socialist. That said, there is certainly something unique about China's approach that has cause it to be much more successful than many other countries.
> As western cash is exchanged for Chinese products, its no surprise then that as poverty has waned in China is has been waxing in the west?
It should be a surprise. You cannot eat money. China consistently runs a trade surplus. That means that they give other countries more than they get in return. It is surely a great critique of the western system that China giving us stuff for free made us poorer. That the rich and powerful of our own countries discarded their citizens in favour of cheap Chinese labour. And so the benefit of all this free stuff which China has given us is focused into the hands of the few, rather than the many. This is sad, but not inevitable.
> The same economic systems you praise resulted mass starvations due famine killing millions in the process of trying to raise them out of poverty
Exactly. Just because a system lifts people out of poverty doesn't make it good. Yet the western system fails to even lift people from poverty.
>How does one export manufacturing?
By not doing it locally and purchasing it from another entity like China? they mean the export of the action of manufacturing and the associated benefits
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> It is surely a great critique of the western system that China giving us stuff for free made us poorer.
I mean... is it? I can think of a few times that something previously expensive is suddenly made very cheap, and there's always a class of people that really don't do that well.
The closest situation I can think of is when the west was dumping food in africa [0][1]. Which made it harder for local farmers to make a living and made the food problems worse.
Unless you're talking about switching to an autocratic system where the elites can turn down cheap things in exchange for the long term benefits of local production. And, in theory, China might be able to, in theory, do that. I don't know their elite culture well enough to say otherwise. But modern Western elites definitely seem too short sighted to give that sort of power, so the critique seems like it falls flat.
[0]: https://www.nytimes.com/2007/08/14/world/americas/14iht-food...
[1]: https://www.npr.org/2006/10/13/6256274/u-s-european-subsidie...
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What measures of poverty are you using for each country?
Are they roughly equivalent, so that you are comparing similar things?
Pick a metric, it really doesn't matter. The claim that western economic systems are presently lifting people out of poverty is absurd, and my point is that China is responsible for the decreases in global poverty that have taken place over the last decades. Both of these facts are relatively uncontested.
Yes, in recent decades the US has barely had the sort of poverty that China has been eliminating, so it hasn't really made any progress against it.
I think it would add a lot of clarity to your comparison to name the metrics you are using.
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It's Western economies that lifted China out of poverty in the first place. China's economic development was built on the foundation of being a cheap sweatshop for the Western world. We'll see how well they navigate the middle-income position they've managed to reach in the coming years.
The economic system in China is capitalism.