Seriously, how are people still defending this dumpster fire of a system?
We’ve got billionaires hoarding wealth like dragons while regular folks can’t even afford insulin or a roof over their heads. But sure, keep licking those corporate boots and pretending “trickle-down economics” isn’t a scam.
If you’re against universal healthcare and housing, you’re either brainwashed or part of the problem. Wake up, sheeple!
Nope! That’s an easily measurable metric and it’s communism and it’s not even close.
The vast majority of evidence for the “free markets eliminate poverty” uses cherry-picked data from specific overthrown dictatorships, and then very intentionally missatributtes china’s gains to the general trend of global liberalization. With it being the largest country on earth, it makes it real easy to skew the data.
It also needs to be said that poverty rate was a thing created towards the end of the cold war to discredit communism. The fact is does the opposite is extra damning.
If you have quantifiable metrics that show otherwise that don’t have the issues above feel free to share!
China’s poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms
1.90 a day. lol
“purchasing price parity” is the key term there.
But also it makes it that much more embarrassing that in 2021 China had 0.1% of it’s population under that bar while the USA had 2%