I’m already well aware of the poverty elimination and salary increases, not denying China the amazing progress it has made, but being richer and having slight social mobility doesn’t hugely change my mind much on the importance of equality.
I guess I’d be interested to see a sort of “Net income equality” that takes into account stuff like debt and rent. It probably exists.
I think inequality is a problem that China needs to solve. I’m just pointing out that there are other aspects to how China is developing that are very different from the US. There are also positive developments on the inequality front with a exodus of high net value people. And on a related note, private sector is also on the decline. So, it seems that the party is actively addressing the problems that were created during the opening up era.
I’m already well aware of the poverty elimination and salary increases, not denying China the amazing progress it has made, but being richer and having slight social mobility doesn’t hugely change my mind much on the importance of equality.
I guess I’d be interested to see a sort of “Net income equality” that takes into account stuff like debt and rent. It probably exists.
I think inequality is a problem that China needs to solve. I’m just pointing out that there are other aspects to how China is developing that are very different from the US. There are also positive developments on the inequality front with a exodus of high net value people. And on a related note, private sector is also on the decline. So, it seems that the party is actively addressing the problems that were created during the opening up era.