this post was submitted on 03 Sep 2023
4 points (100.0% liked)

chapotraphouse

13447 readers
1028 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Vaush posts go in the_dunk_tank

Dunk posts in general go in the_dunk_tank, not here

Don't post low-hanging fruit here after it gets removed from the_dunk_tank

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Zuzak@hexbear.net 1 points 1 year ago

Nobody condones the Chinese liberalization of markets which make the Chinese economy resemble US capitalism in some regards.

I-was-saying

Criticism of the decision is valid but I definitely think there were merits to it. Despite the increases in standard of living shown in my favorite graph, many Chinese were still living in extreme poverty when the reforms were initiated. According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty, and China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015. And China's rise as an economic power has allowed it to help establish an alternative economic bloc, which means now other countries can have access to foreign trade while maintaining more control of domestic policy than they would through the West.

It's a complicated issue and I understand why some people consider it a deviation but I also understand the reasons for doing it and I think it's met with some degree of success. I don't think we really have an official line on it.