Economics

2060 readers

14 users here now

founded 5 years ago

MODERATORS

The bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US. (lemmy.ml)

submitted 5 days ago by yogthos@lemmy.ml to c/economics@lemmy.ml

11 comments fedilink hide all child comments

https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false

you are viewing a single comment's thread
view the rest of the comments

[–] Cowbee@lemmy.ml 7 points 5 days ago

My point is that what should happen in an ideal world doesn't necessarily happen. We can't get the DNC to transition to a Socialist platform, their donors are the bourgeoisie. Even if 90% of USians support Socialism, ie an economy where public ownership is the principle aspect, without siezure of the state and replacing with a proletarian-run state, such a re-orientation of the economy is impossible. The policy in bourgeois republics reflects the will and needs of Capital, and by extension the acolytes that worship it, the bourgeoisie.