Comment by Retric
15 days ago
> Between 1954/ 1959 PRC exchanged material for capita goods and Soviet training speed run industrialization.
This wasn’t an exchange of good this was a subsidy. Loan repayments at extremely generous 1% interest rates. The use of raw materials shows just how poorly their efforts where despite the aid.
You can try and repaint history into a history of pulling themselves up, but the reality is they had a high literacy rate and for the time period a well functioning economy before the communists took over. Afterwards 50 million people starved to death that’s not progress that’s horrifying inefficiency writ large.
The CCP still has a hate boner for Taiwan because it shows they are objectively doing a bad job as that fragment of the same country still has a higher standard of living and better technology despite the massive disadvantages of vastly smaller economies of scale.
Last reply to more ahistoric cope, the exchange of raw materials was because postwar PRC had nothing else to barter, you know because incumbent KMT fucked it up.
Chinese literacy rates was fucking pre CCP, it was agrarian nation that CCP uplifted. If you want to cope with repainting history, go accuse world bank... in the 80s, by every metric except human lives, CCP was horrifyingly efficient, precisely because they value human lives less.
What techstack does TW have that PRC doesn't? TSMC based off foreign tech stack. Let's not forget ROC is also outcome of subsidy / finance program by US. The difference between PRC and ROC is PRC sugar daddy was poor USSR, TW was rich US, and population scale means US could injected more to smaller pop to bring up development. All while US+co sanctioning PRC btw, hence PRC succeeded where TW has not, and did so on hard mode.
Smaller economies of scale is precisely why TW/ROC is unimpressive, TW should be much richer for how small it is and how lavishly it was rewarded. There's reason TW has to literally ban TWners from working in PRC high end industries... because PRC tier1 opportunities has vastly exceeded TW.