• Krause [he/him]@lemmygrad.ml
    ·
    1 year ago

    Did you know that China is responsible for 75% of the global poverty reduction over the last 40 years?

    Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. At China’s current national poverty line, the number of poor fell by 770 million over the same period.

    https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience

    https://openknowledge.worldbank.org/server/api/core/bitstreams/e9a5bc3c-718d-57d8-9558-ce325407f737/content

    • SootySootySoot [any]
      ·
      1 year ago

      This is the correct response. Practically all of global poverty reduction is being done by central planning, right now.

    • wewbull@feddit.uk
      ·
      1 year ago

      Do you know how China got such a huge poverty by the 1980s? Do you know how China got the wealth to start impacting it's poverty?

      Hint: the CCP took power in 1949. The Maoist era ended 30 years later, and massive economic liberalisation reforms started.

      China today is a world trade powerhouse governed by an elite class (The CCP) with the proles given just enough to keep them where they are. It's lifted them out of poverty, but it is the shining example of a totalitarian capitist state. If anybody thinks the proletariat have power in China, and it is therefore a socialist state...or that it's classless with no elite and a communist state... well... You need to talk to some Chinese people.