freediver wrote on Jan 29
th, 2022 at 3:45pm:
This was very carefully worded Victor. Have you been practicing how to explain away millions of dead comrades to westerners?
He said HE didn't hear about it. Accept it .
Quote:Except for China's brief experiment with socialism, China has been more advanced than India since civilisation began.
;
Now that's a narrative difficult to maintain; the Indus valley civilization c.2000 BC (whose script has still not been deciphered) preceded China's recorded history.
Quote: Nothing "happened". India's GDP per capita is about one fifth that of China's, which is less than the difference between China and the US.
What happened is in 1950 China and India had roughly the same GDP both in per capita and total terms. India was a capitalist democracy; China was seeking growth via "Marxism", both had c. $30 billion GDP . cf US $300 billion.
Today: US $20 trillion, China $17 trillion, India $2.9 trillion.
So US has increased about 70 times,
China 600 times, India about 100 times.
Quote:The same thing is happening in both India and China - a transition to liberal democracy, and a booming economy as a result.
..... 6 times as fast in China under
consensus one party meritocracy cf India under an adversarial two- (multi) party democracy, despite the massive misstep in China during the Cultural revolution.
Quote:Yes they do. We call them economists. The CCP seems to be learning from them.
https://finance-commerce.com/2021/10/commentary-nobody-really-knows-how-the-econ..."It has long been a central tenet of mainstream economic theory that public fears of inflation tend to be self-fulfilling.
Now though, a cheeky and even gleeful takedown of this idea has emerged from an unlikely source, a senior adviser at the Federal Reserve named Jeremy B. Rudd. His 27-page paper, published as part of the Fed’s Finance and Economics Discussion Series, has become what passes for a viral sensation among economists.
The paper disputes the idea that people’s expectations for future inflation matter much for the level of inflation experienced today. That is especially important right now, in trying to figure out whether the current inflation surge is temporary.As a matter of fact, Powell is considering lifting interest rates, while China is lowering them.
(Put two economists in a room, you will get three opinions).
Quote:You attributed the claim to me. Back it up.
Whether or not you are one of the very few Western commentators who are prepared to let China develop according to its own model is beside the point. The West - like you - are mostly anti-socialist, anti China, "values based" 'sovereign individual' ideologues.
Quote: How was it addressed? What did other Chinese people you met at Uni tell you about the famine?
I wasn't in China at the time, Victor was.
Quote: Well at least you knew it happened. I have been telling your comrades for some time now about the Great Chinese Famine. They did not seem to know what I was talking about.
Perhaps because their parents have experienced the fastest rate of increase in living standards of any nation in history, and don't need to know.
Quote:China is in transition. Not just economically. The CCP is internally democratic and more people are getting involved in governing the country.
A correct statement. Amazing.