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this post was submitted on 24 Nov 2024
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Because prices are lower there and PPP is raising. There isn't as much of a need to spend and instead they can save. They are "good at Capitalism" because they are using markets as a tool to develop and fold Private Property into the Public Sector as it develops.
That's true in Marx's time, in a Capitalist economy. The PRC has a Socialist Market Economy, which is completely different, and moreover is still rapidly developing infrastructure. Healthcare is cheaper and more readily available than in the US as well.
It's clear that you're arguing in pure bad faith.
You haven't provided sources for any of your numbers, and you immediately moved the goalposts when proven wrong. The PRC's unemployment is nowhere near 30%. Developing infrastructure requires labor, and planning cities for future expansion has helped with China's rapid progress.
You clearly are arguing in pure bad faith and aren't worth responding to.