this post was submitted on 10 Aug 2023
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chapotraphouse
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You haven't connected chinese capitalism to being a capitalist hellscape. America during the 1970s and 80s wasn't as bad as it is now (in certain ways, mainly poverty) because there was more money around. Regardless of the socialist character or lack there of of china, the country's government has intentionally set the country up for vast investments. China is essentially the only country in the far east that has a declining poverty rate.
The article provided agrees with all of my above points.