Comment by monting
10 hours ago
They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system.
There were tons of economic low-hanging fruits by building out large infrastructure projects, which corruption happily siphoned off of.
The ROI of these infra projects have been gone for a while, yet they continued. Also it's been stealing intellectual property, trade dumping, exporting deflation. Soaking up the manufacturing oxygen of everyone else through subsidies, elite capture, then using the leverage gained and veiled threats against others to force them to yield resources, market access and political control.
Emm... and what prevents the USA from doing all the same things?
Labour laws, for starters.
The conditions the average Chinese works in are abysmal, even from the American point of view.
China benefited greatly from the US-led globalism order that's been going on since WWII.
Another way of saying it is China took the most advantage. And it has gone way overboard in taking advantage. So the backlash is expected and necessary.
Part of fixing things involve doing things that seem like it's destroying the order that the US created itself.
More cope.
"They eliminated poverty... but at WHAT COST? They did good things but they trampled on the intellectual property of our beloved billionares? *sob*"
The "good thing" they did, is stopping their actions which causes millions to starve. Which lead to people getting themselves out of poverty.
Yeah, and whilst getting themselves out of poverty they built 50,000km of high speed rail.
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>They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system.
Not a fan of CCP but pretending like there was no extreme poverty in China before CCP is insane position.