“Peak China” – a new low in Western attempts to persuade China to commit suicide - Friends of Socialist China
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In this detailed article for Guancha (originally published in English on MR Online), British economist John Ross addresses the recent (rehashed) claims by The Econonist that China’s economic development has peaked and that its growth is likely to dramatically slow in the near future. Noting that The Economist has been making similar pronouncements for the … Continue reading “Peak China” – a new low in Western attempts to persuade China to commit suicide
  • Neptium@lemmygrad.mlEnglish
    22·
    1 year ago

    Why should China be incapable of reaching anything more than one quarter the per capita GDP, with therefore roughly one quarter the living standards, of the U.S.? Is it some xenophobic illusion that the average Chinese person is only one quarter as smart, or only works one quarter as hard, or cannot work out a way to achieve more than a quarter of the living standard of an average American? Or to put it the other way round, that the average American works more than four times as hard, or is four time as smart, or can work out a way to remain living more than four times as well as the average Chinese person?

    Well you see actually China uses rote memorization unlike us in the West where creativity™️ and free thinking™️ is taught in schools.

    Silly Marxist, that’s why they can’t be richer than us.