As an anarchist who lives in a middle class neighborhood with a whole foods I shop at using my tech industry salary, these indigenous Mayans are a bunch of fucking posers if you ask me.
FlayTheRich [comrade/them]
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Cake day: January 19th, 2023
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- FlayTheRich [comrade/them]to
·2 years agoThat’s called culture sweatie
No, he says that the economy of China is 5x greater than the economy of India. He isn’t saying the growth increment alone is that large but that the entire Chinese economy is that large and therefore 3% growth in China represents more economic growth in total than 7% growth in India.
He’s telling the Indian commentariat to stop gloating because India is still very poor and China is approaching “high income” status, and so lower growth in percentage terms in expected as a structural feature and that it’s entirely mistaken to believe this means India is now doing better than China.
MKB is pointing out that rising from 100 to 107, a rise of 7%, is actually less impressive than growing from 500 to 515, a rise of 3%.
I think he slightly overstated the case to place China in the “high income” group already but I believe that is since he’s speaking to an Indian audience and is seeking a particular affect - to counter complacency and self-congratulations. But he isn’t confusing numbers like that.