The reason Chinese individuals have increasing quality of life, seems to be far more because they manufacture things cheaply than any sort of cashing in they do.
Imagine some middle eastern oil and money rich country going abroad to help develop a subsaharan economy to help them extract their resources. Imagine china doing the same. Who will have more success?
I agree they do, I just doubt that’s more than a tiny percentage of the reason Chinese individuals are far better off than they were 50 years ago, and I think they fact they manufacture things cheaply is large percentage of why they’re better off.
The reason Chinese individuals have increasing quality of life, seems to be far more because they manufacture things cheaply than any sort of cashing in they do.
They cash in politically.
Imagine some middle eastern oil and money rich country going abroad to help develop a subsaharan economy to help them extract their resources. Imagine china doing the same. Who will have more success?
I agree they do, I just doubt that’s more than a tiny percentage of the reason Chinese individuals are far better off than they were 50 years ago, and I think they fact they manufacture things cheaply is large percentage of why they’re better off.