freediver wrote on May 12^th, 2024 at 3:57pm:


Your error exposed right there: you confuse the individual with the collective, as always; ie "they" - the collective - as opposed to the the rich individuals in China

Your first sentence is "rougly" correct; the 2nd fails to achnowledge there are now billionaires in China (as well as in Oz), and a Chinese middle class which is the largest in the world.

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Wrong again;  the rich are fine, it's the middle class who are being pressured by US decoupling efforts and trade war (because of the US's  fake "China threat" bs, really the inability of the US to compete with Chinese manufacturing).

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Hilarious, coming you who made the errors exposed above.

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Your error there: 7 years ago was before the collapase of the private sector housing boom in China (ie, before the collapse of Evergrande).

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See  the problem with using 7 year old data?

But no doubt  some Chinese houses are big too, the problem is the private sector real estate get rich quick scheme in both China and Oz (using housing as investment vehicles, in lieu of government ensuring essential accomodation, beyond the private sector market). 

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It IS a crises in Oz, which is why home ownership rates are falling in Oz; but your China stats display your usual error - there are still 700 million poor people in China (a developing country) who need 29 years to buy a home in a first tier city, but another 700 million from low middle class to rich status, some of whom who are more able to do so, having salaries more like 8 to 1.   

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Absurd rhetoric.  The CCP back then were devoted to convincing them of the virtues of communism, whereas  today the Chinese people are amazed by the failure of the 'Beacon on the Hill' to achieve stable, progressive governance (witness the Capitol riots at the end of Trump's presidency). 

And I have already explained the gullibility of "today's little pinks" - they fell hook line and sinker - like Deng - for the free market as master, rather than as servant.

"The markets are good servants. but bad masters, and a worse religion"  Amory Lovins. 

freediver wrote on May 13^th, 2024 at 12:25pm:


Madness.

Confirming your inability to acknowledge differences  between individual outcomes (pauper or billionaire) and the collective's outcome.

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Yes.

And for your information, common prosperity means no paupers.

freediver wrote on May 13^th, 2024 at 1:20pm:


I'm not "only considering China's wealthy".

In fact, when China's economy (the "collective") surpasses the size of the US economy (estimated to happen within a decade or so) Chinese people ON AVERAGE will still be poorer than US citizens on average.

But the Chinese nation (the "collective")  will be able to produce more the US, in total. 

And the extent to which the CCP realizes its common prosperity goal is up to the CCP.   

Hopefully the CCP doesn't take the welfare dependency route of Western neoclassical orthodoxy
...and learns how to ensure markets serve ALL the people, not the economy (see the Job Guarantee). 

"Markets are good servants but bad masters, and a worse religion" A. Lovins.

freediver wrote on May 13^th, 2024 at 4:01pm:


(sigh) - dealing with the inadequacies of the blind conservative brain.

1. FD:

True, but note US inequality is even greater than China's, even as China is soon to overtake the US economy - and China's inequality will continue falling, unlike Oz which is going backwards as the rich get richer and the poor stay poor amid falling home-ownership rates

2. FD:

On average: but the trends are opposite, in China versus Oz, as noted above.

google)

Inequality has been on steroids in Australia over the last decade with new data revealing the bottom 90% of Australians receive just 7% of economic growth per person since 2009, while the top 10% of income earners reap 93% of the benefits.11 Apr 2023

and

https://www.bsl.org.au/news-events/media-releases/poverty-inquiry-report-misses-...

While the ideas contained in the report have merit as standalone approaches and there are a number of worthy initiatives underway, the report lacks a clear vision and comprehensive agenda for tackling the[b] rising rates of poverty in Australia.[/b]

“It’s welcome to see the report emphasise the importance of lifting income support, rebuilding employment services programs and making sure all children can access high quality early childhood education and care. But these good ideas by themselves are not enough. We need a clear vision and an agreed national agenda for how the Federal Government tackles rising rates of poverty in Australia,” said BSL Executive Director Travers McLeod.


And China is creating the world's finest infrastructure for all its citizens, eg the largest hs rail network in the world, accessible by all.

freediver wrote on May 14^th, 2024 at 1:20pm:


Because your error was in the 2nd part of what yu said.

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No, I'm well aware poverty and inequality are increasing in Oz as well, as per the links in my previous post. 

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Wrong:  from 1980 to 2010 poverty decreased in China at the fastest rate of any country in history.

So much so that the paranoid US had to abandon WTO rules under Trump and ditch the free market via a trade war. ....

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Google the charts of gdp per capita changes 1980 to 2010 for western countries  versus China. 

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Only if you close your eyes to the increasing poverty and inequality in Oz, as noted in the links I posted for you. 

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Your envy noted.....how's the mooted inland rail going?

freediver wrote on May 14^th, 2024 at 2:25pm:


I already did: "wealth discrepancies" exist between collectives AND individuals within the collective.

The important thing is government policy required to deal with egregious (socially destructive) wealth discrepancies, to achieve common prosperity. 

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Wrong ofcourse, China was MUCH lower during the decades after the collapse of the Qing dynasty, than during Mao's mistakes. 


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Yoiu forgot to supply the link.

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Its an anachronism now; the US is s**t scared of competing with Chinese EVs today.   

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Selective reporting: overpriced residential towers in Sydney are riffled with construction faults, ruining the financial wellbeing of the unfortunate purchasers.

freediver wrote on May 14^th, 2024 at 3:01pm:


Yes.  "wealth disparities" exist between collectives AND individuals within the collective.

The important thing is government policy to deal with egregious outcomes of that disparity.

freediver wrote on Jun 2^nd, 2024 at 1:23pm:


It's no laughing matter. Your blind "individual freedom"  ideology (based on "shared belief") is responsible for the economic dysfunction and wars ruining our world.