Comment by stingraycharles
1 day ago
I mean, you have those kind of luxuries even in the poorest of countries in Asia, it’s just that there’s still a huge discrepancy between rich and poor, city vs countryside.
It’s not difficult to find areas in all these countries that are significantly less developed than Spain/Portugal’s underdeveloped areas. It’s just not as black and white as you seem to suggest.
(I come from EU but have been living in various countries in Asia for over a decade)
From what I can tell, China has a capitalism problem, not an industrial wealth problem - they could house every one of their citizens in a decent apartment and give them gadgets and a car to drive, yet half the country is third-world poor still.
But that's because in a market economy, you can't just give away things, and those poor people don't produce much of value by capitalist standards, so the can't pay for those things.
I'm sure the CCP is working on the problem of how to give these people those things without crashing the economy.
> From what I can tell, China has a capitalism problem, not an industrial wealth problem - they could house every one of their citizens in a decent apartment and give them gadgets and a car to drive
This is wildly incorrect.