I’m a little bear
Kunming/Beijjng
Joined October 2023
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On any medium to long term timeframe, China has increased household consumption more any other economy. All 218 of them…
And not by a little… by a country mile! Twice as fast as second place Asian Tigers.
Do wypipos jess repeat retarded background noise?
It's kinda weird that a marxist country doesn't understand that raising aggregate demand is a core aspect of industrial development. Under the marxist lens democracies succeed because the interests of consumers are represented, accelerating aggregate demand. From abolition, civil rights act, consumerism, wokeism, welfare, etc. half of American history has been innovating on ways to increase aggregate demand.
The hukou system, lack of strong safety net, weak capital markets, cracking down on consumerist media, etc. don't help. I can see why someone would want to avoid overproduction and consumerism but stronger social nets would probably net decrease unemployment here.
The treatlerite is simultaneously America's greatest weakness and strength.
Even in the short term – post COVID – China’s per capita household consumption has outgrown all major economies.
2.3x faster than the US, 5.7x faster than EU and Japan was negative.
On any medium to long term timeframe, China has increased household consumption more any other economy. All 218 of them…
And not by a little… by a country mile! Twice as fast as second place Asian Tigers.
Do wypipos jess repeat retarded background noise?
