Wow, looks like something bad happened in 1991 that caused inequality to get even worse than under Tsarist Russia.
It's disappointing but not that surprising to see the level of disparity between the wealthy and the poor in modern day china, what is surprising is to see that the fucking UK is more "equal" than china
It is true that renting is still more affordable than in the US, but property prices in Shanghai, Shenzhen and Hong Kong are already higher than LA and NYC, with Beijing just below them (all priced in USD, so take the income disparity into account as well). It is nearly impossible for young people to become a homeowner in Tier 1 cities these days.
I guess the only silver lining is that china puts in a lot of state effort to develop new cities that may exist as alternative options. The fact that massive inequality has gotten worse in china should come as no surprise though. The current success of china is still reliant on allowing their working class to be heavily exploited.
Yes, unfortunately they let the property market run wild (which didn’t exist before the 2009 GFC btw), and only in the last few years did they start to take it seriously. So they are at least doing something, but the results have been mixed so far.
Like i comment elsewhere a very large part of Chinese income inequality is the huge rural-urban divide. All countries have it but its an order of magnitude worse in China so there are basicaly 2 different countries within China . Having 300 million people in the biggest cities earning western levels of income and 300 million people in rural small towns and villages earning a fraction of that skews the metric a lot EVEN tho life in rural ereas is also much cheaper and without taking into account that this is a symptom of the rapid urbanization and mpsernization that will probably uplift the latter group like it did the former
This is income inequality, wealth inequality in the UK is of course magnitudes worse.
Comparing China negatively to the USSR makes sense, but comparing it negatively to the UK shows how people on this board are still very capable of being birdbrained and taken by a single, specific data set without considering the broader context. While the UK is making strides in austerity, China is continuously building [back] up from the gutting by Deng and making advancements in socialization. Show me where in the UK they build entire modern apartment complexes for dirt-poor villages living in rustic conditions and turn them over for free. How many hospitals do they erect, how many miles of new rail do they lay to provide infrastructural support?
Of course the UK, being so small and having spent so long as the industrial center of the planet (though those days are long past) already has some of this infrastructure rather than needing to build it . . .
China was cool for a second there but it looks like they're going cringe. We need another purge, Xi.
Be interesting to see this for wealth in addition to income
Yeah it definitely would be. If you follow the link for the source you'll find some data but it's not as exhaustive. One of the refrains in Capital in the 21st Century is that wealth inequality is always more dramatic and extreme, and another is that it's incredibly irresponsible for states to not be recording and publishing data about wealth so citizens can make informed decisions. (You can already hear the libness coming out - it's a good book if you can get past that)
Ahh so the US has always been shit and continues to get worse
The US getting worse correlates with the destruction of the USSR. The ruling class saw the exact moment in time they had won and began to exploit harder knowing they no longer had to put up anymore pretence to compete with the socialist threat.
People here miss the main reason for the Chinese graph. Due to rapid modernaziation and urbanization China is at a point where it has two countries with different levels of income within itself. One with some 200-300 million people in the big cities earning basicaly European level salaries and incomes and one of some 200-300 million rural residents that make 2-3 times less at least (and then various stages in between).So in the process of massive urbanization in a very short period of time a shitton of people have been uplifted to high income status while a shitton are in the way and a shitton are still not uplifted but most likely will. That creates a very unique impact in inequality metrics without context
Also that doesnt translate to equaly huge disparty in quality of life or purchasing power since in rural or small town China life ,even beyond rent, is indeed much cheaper compared to urban ereas in a degree not seen in the vast majority of countries . That particular configuration is very specific to China. For example the median US "rural" income is just 20% lower than the median urban one and despite that income inequality is so immense nationwide
And all that ignoring the particularities that arise if you try to make a wealth graph for China instead of income. With 90% home ownership rate, very large savings compared to other countries, an ever present in kind welfare state and a "at least on paper" people's state that can be argued to actively control most of the wealth in various ways . Even for a "de formed" workers state how can you really make a wealth graph that accounts for the non capitalist particularities of ownership and control
Also how can you even compare stats like that between different modes of production. The bottom 50% in 1930s China were landless peasant serfs slaving on feudal warlords and living till 33 years old. What does them having 25% of Chinas income share even mean or even matter? How can you compare it to the situation I described above. How is it even calculated in such a context ?
It's nothing like comparing and calculating the stats in Western capitalist countries now vs in the 30s or 40s
Good points, but rich mfers in China are still really rich. There’s a big delta between tech bros and Foxconn workers living in Shenzhen or whatever. Still, even the folks on the bottom of the ladder are afforded life’s necessities, you won’t see tent cities for example
Massive income inequality w Chinese characteristics.
Actually existing socialism is when you have worse inequality than post brexit Britain.
It’s worth noting that in China the poorest have seen incredible increases in their standard of living and extreme poverty has been essentially eliminated during the same time period. So its entirely incomparable to say, the United Kingdom or United States where life is getting worse for poor people while the rich get richer.
That said, yeah, income inequality is a contradiction that comes with using capitalism, even a controlled form of it, to develop the means of production. It’s a contradiction that the Communists running China are aware needs to be managed as evidence by plans to address it in upcoming 5 years plans, whereas the focus of previous 5-year plans has been about growing the means of production and eliminating the worst poverty and food insecurity, goals which were met or exceeded.
actually existing socialism is when you manage to achieve what China has achieved from the absolutely destitute conditions that the communists started with, and didn't have the advantage of having the largest empire in human history up to that point feeding material surplus into the core
Actually existing socialism is when everybody has the same income
I don't think that's a very charitable characterization of their perspective comrade. It's not unreasonable to be concerned about those levels of inequality.
Ik, I'm not really trying to start a conflict or debate
Just playfully responding to one casual quip with another
If they put a more serious critique or question I would've ignored it or replied with an equally respectful response
I don't think the other one was being very charitable either
stalin shouldn't have stopped at berlin
stalin shouldn't have stopped
can a smart person tell me what cool thing happened in the 60s in the soviet union?
I think it has something to do with some really powerful eyebrows but I'm no expert
tfw Deng pushed the wrong button
chapotraphouse
Banned? DM Wmill to appeal.
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Dunk posts in general go in the_dunk_tank, not here
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