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Randomuser

Captain
Registered Member
Per article:

So the socialist system is producing better capitalists?
I can't believe it's taken like 15 years for even business publications to realize that the accusations of "you don't protect IP!" can be alternatively interpreted as "don't rely on lawyers to make money!"

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This article is all wrong. "DHS" should be "CCP", "Americans" should be "Uighurs"
Like this:
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As I get older I begin to realize labeling stuff as either commie vs capitalist or left vs right like they are sports teams is honestly very childish and is detrimental to thinking. It's the same thinking as superhero movies where it's obvious who's good and who's bad since they tell you in a black and white manner.

Reality is much different. There's a huge amount of overlap.

For example America is capitalist so it loves money and China is commie so it must hate money. If you step back to see this, you would see how absurb this is esp when modern China is in its money phase. The better way to see it is both want to make money but have different approaches and uses. America sees it the same way as a company earnings call with little government.Short term profit with growth that can be seen clearly is everything. China on the other hand cares less about immediate profit and puts a lot of money investing in public infrastructure which is why a lot of investors are government related. The profit is not immediately there and the benefits are intangible. Yet it is done because the overall gains esp the multiples from others using it will be much greater in long term.

Technically when the west did all these projects like creating the internet, it's not much different from China. Funny how thats not called out as commie using their logic. In fact the west back then could be called more socialist and yet that's when it was stronger and it's citizens were more happy.
 

Maikeru

Major
Registered Member
Keep in mind that's total millionaires. China has many more millionaires than India, Russia, Brazil, etc. A per millionaire capita chart would be much more useful and just looking at that chart, the UK seems to be a basket case since the population is 1/20th the size of China's but the number of millionaires leaving is 2x.
Yep, ever increasing taxes and getting rid of non-domiciled status has really done for the UK.
 

manqiangrexue

Brigadier
Why to europe?
They need to be in a non-competitive but modern society; that's USA, Canada, EU, Australia. When they are in a hyper-competitive, hyper-modern society like China, the stress is higher because they cannot out-perform their peers no matter how hard they try so they will end up with average assets and societal value. In a non-competitive society I mentioned, any average Chinese person is suddenly the smartest most hard-working person in a group of non-Chinese even when working 40% as hard as he would in China, thus, a very average Chinese person who would remain grunt level in China with max effort can become wealthy and respected in these societies on low effort. Basically, these Chinese need to go to societies with more stupid people so they can be standout smart. Big fish in a little pond; they need to find their next little pond because they are insignificant in a Chinese ocean teeming with great white sharks and orcas.
 

A potato

Junior Member
Registered Member
As I get older I begin to realize labeling stuff as either commie vs capitalist or left vs right like they are sports teams is honestly very childish and is detrimental to thinking. It's the same thinking as superhero movies where it's obvious who's good and who's bad since they tell you in a black and white manner.

Reality is much different. There's a huge amount of overlap.

For example America is capitalist so it loves money and China is commie so it must hate money. If you step back to see this, you would see how absurb this is esp when modern China is in its money phase. The better way to see it is both want to make money but have different approaches and uses. America sees it the same way as a company earnings call with little government.Short term profit with growth that can be seen clearly is everything. China on the other hand cares less about immediate profit and puts a lot of money investing in public infrastructure which is why a lot of investors are government related. The profit is not immediately there and the benefits are intangible. Yet it is done because the overall gains esp the multiples from others using it will be much greater in long term.

Technically when the west did all these projects like creating the internet, it's not much different from China. Funny how thats not called out as commie using their logic. In fact the west back then could be called more socialist and yet that's when it was stronger and it's citizens were more happy.
I am not even 25 years old and even I conclude that Communism and Capitalism are two extremes and that the right way is for the government to find a balance between capital, public needs and private enterprise.
 
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pmc

Colonel
Registered Member
Keep in mind that's total millionaires. China has many more millionaires than India, Russia, Brazil, etc. A per millionaire capita chart would be much more useful and just looking at that chart, the UK seems to be a basket case since the population is 1/20th the size of China's but the number of millionaires leaving is 2x.
Its not the numbers but where they are going. Russia has strict controls moving assets to non friendly countries but system is now designed that people with traditional values aka greater soft power has more money that will increase interaction with countries like Saudi. it is not explicitly stated but only wealthy people can correctly learn and teach others this unique culture.
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New Symbols of Luxury: Which Premium Hotels Will Open on the Red Sea?​

September 23, 2025

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Transport Minister Nikitin expects record growth in air travel from the UAE in 2025.​

 

supercat

Colonel
Nominal GDP per capita – an even bigger distortion

This is calculated by dividing nominal GDP by the population. It’s even more useful for propaganda because it creates the illusion of “richer” citizens. However, it doesn’t reflect purchasing power or whether growth is only benefiting the wealthiest while most people stagnate.
Talking about per capita GDP, China will break out the middle-income trap this year most likely. However, China probably already escaped the middle-income trap as early as 2018-2019, had China's GDP calculation not been so conservative.

Regarding how cautiously China tallies its GDP, Glenn used the 2023 GDP revision as an example: instead of a +2.9% adjustment, it should be at least +4.0%.
Here is the Reuters report Glenn talks about:

China says new housing metrics behind upward revision to 2023 GDP​

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"Democracy" is such a useless joke.

LMAO tweet of the day:

From the New York Times:
What Will China's Green-Tech Ambitions Cost the World?
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