Comment by mlsu

1 day ago

Absolutely true. But China’s industrial dominance is also the government immiserating its people, just in a different way. Domestic consumption in China is famously low, work culture is famously bad (996,etc). And this is because of what their government, not the people of China, have chosen to do.

>But China’s industrial dominance is also the government immiserating its people

Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?

>Domestic consumption in China is famously low

Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

  • > Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?

    A lot of that was the result of stopping doing the damage they had done in previous five decades that resulted in such a high proportion of their population living in poverty.

  • > Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?

    Yes, but China-bad ideology demands that we ask ”at what cost?”

    • There was a real human cost to how China industrialized that isn’t “muh freedoms”.

      China overproduced STEM grads so that their industries could hire them for pennies on the dollar. They had to withstand insane competition starting in elementary school, only to end up unemployed or doordashing.

      This isn’t a PRC specific thing either, TSMC is infamous for having PhDs doing night shift lab tech work for pennies (comparatively).

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  • For bringing people out of poverty, they had laminated placards attached to the doors of people who were poor, and the name of the government official who was responsible for lifting that family out of poverty, and if that government official failed at it, they wouldn't advance in their career.

  • >Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years?

    So did the western world.

    Ask Poland, the Baltics and East Germany if they want communism back. I'll wait. :)

    I am so tired of the praise of China online while condemning the west. Worst part is you probably live in the west.

    *Nono, dont reply, just downvote instead :)

  • Yes, their system has lifted hundreds of millions out of poverty, but government policy is now making Chinese consumers poorer than they otherwise would be in order to support domestic industry. It seem’s to be for geo-strategic reasons rather than in the interests of the Chinese people, it’s also probably unsustainable.

    • WOW the classic yes...but..., where's these statement coming from? I'm Chinese and I don't get the point here at all, you guys seem living in vacuum with biased news, and know much much better than we people living here, that's really confusing everytime I see/read comments lie this.

      China now is open freely for almost everyone, come and see by yourslef, if you not living poverty.

      The world itslef does not work the propaganda way whether you dislike or hate the gov for whatever reason. And yes you can criticize the gov as you like with the news you read otr the party you pro with, but never assume how the people feel and belives if you are not the people, and if you do then that's the same mindset as Trump or any other war-bringing president the US had, and you know what they did and still doing.

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    • > but government policy is now making Chinese consumers poorer than they otherwise would be

      What country has perfect government policy?

      The US has atrocious government policies. Costs of college, cost of healthcare insurance, the reason so many uninsured people use the ER as their primary medical usage, tax policy prioritization of capital reinvestment over wage earnings, caring for the environment over affordable housing, etc are all problematic policy outcomes which make the average person poorer.

      They are also unsustainable.

    • > government policy is now making Chinese consumers poorer than they otherwise would be

      Right, that sort of thing never happens over here. We don't give the rich tax breaks while robbing the middle class (and saddling it with mountains of debt that will be coming due in their future), we don't print money hand over fist to fund idiotic wars and other vanity projects, and we don't do everything in our power to prevent workers from organizing for higher wages and better working conditions.

      Congress and the executive is hard at work to make the American consumer richer than they otherwise would be. Everything they do is with that goal solely in their minds. It's all they live for, not for making their backers and friends richer and more untouchable.

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Not for nothing, but what do you think is happening in the United States?

American workers have lost income on inflation adjusted terms from 2000-2025. The top 5 companies have a market cap that exceeds the top 30 in 2000, and the concentration of those companies is a single industry vs a diverse collection.

Consolidation of power and capital is reality everywhere. China is not a boogeyman. Go there.

Work Culture is famously bad? Look I get 996. The Youth seem like they are either next level burned out or on a treadmill that never ends(due to the 25% youth unemployment, the deflation happening and the extreme overabundance of educated professionals). Both are not good. But the original comment listed stellar companies and products that wipe the floor with American made junk. You don't get that without some extensive hard work. Stealing only takes to so far, you gotta do a lot more on top of that.