Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@Robertgriffinne

7 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@PhilipMurray251

7 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@Robertgriffinne

7 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@PhilipMurray251

7 күн бұрын

Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@Christine-ce4xo

7 күн бұрын

I appreciate this. out of curiosity i searched her name online and reviewed her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

The main thing I've taken away from this video is that without Frank, Paddy's Pub would have achieved full communism

@jaamaan89

10 күн бұрын

Hahaha bruuuh

@mustafahassan9756

10 күн бұрын

Cuz they have a self sustaining economy

@erossmith1211

10 күн бұрын

I had to double check the video title to make sure I was watching TLDR

@mygetawayart

10 күн бұрын

​@@mustafahassan9756 and their own currency

@Worldmisery

10 күн бұрын

​@@mustafahassan9756 the idea of a self sustaining economy is history. All economies thrive off of trade and fail when they stop exporting and lower their GNI.

I'm Chinese. I started to find my life was extremely privileged when I noticed there were so many poor people here and totally invisible. They don't use internet like middle-class people to talk about social issues, they don't talk about their situations. Most middle-class people, even though they concern about our society a lot, don't know the existence of those lower class people. If you have the income of the top 10% population, you still feel you're poorer than 60% since you can only see certain people

@OnlineEnglish-wl5rp

10 күн бұрын

I think there are various mechanisms by which poorer people are made to feel that their position is solely their fault. This happens in pretty much every society on earth. They're "lazy" "uneducated" etc. Everything but the structural issues which can be explained very clearly on graphs Yes, you're absolutely right about how people judge things by what they can see. They can't see the bankers, CEOs etc. I had no idea about how the economy of my country worked until after the financial crisis in 2008 and then I began to see how so much of it is rigged.

@user-ox9qq2yy9d

10 күн бұрын

看来你是富裕阶层了 不知道你哪来的这个观点

@user-ox9qq2yy9d

10 күн бұрын

看来你是富裕阶层了 不知道你哪来的这个观点

@ziyu8061

10 күн бұрын

@@user-ox9qq2yy9d 你不管是出国了，还是翻墙看英文媒体，大概能推测你属于富裕阶层了（不是指绝对富裕，是按百分比来看，5%我算做富裕）。

@ziyu8061

10 күн бұрын

@@OnlineEnglish-wl5rp The educated middle class tends to describe lower classes as lazy and it is so bad here. But as far as I've seen, people without high education degree have their social circle, and they don't care about education. they are very pragmatic, likely to focus on making money and having fun. They won't spend time on internet to discuss economic situations. Some of them are pretty rich because of family business, so I can't say they're invisible 100% because of they're poor.

I live in shanghai, wealth gap in the city itself is staggering too. Seen one apartment that was a single bedroom with a single hotplate. It had a tiny bathroom with the shower over the toilet. Right outside the apartment was a brand new Porsche. Likely owner of one of the local shops.

@OnlineEnglish-wl5rp

10 күн бұрын

"socialism with Chinese characteristics"

@Rom2Serge

10 күн бұрын

I was in Shanghai im 2016 , yes life in clty is expensive , products too. A lot of expensive cars , and other people are working like 18 hours a day for a basic living. Tho i hadn't seen homeless people living on streets , security is good. Police were surprisingly nice and were helping me when i got lost. For example in Paris tones of people are living on streets , i was attacked and robbed in Paris. America "news " will say that in China they hide homeless people or their are in small cities hiden from eye. But its a lie! I travelled though whole China on trains. From Kazakhstan border Urumchi , small cities , Beijing Shanghai , up to Macau. In small cities i saw a few beggars. In Eu much more people are living on streets. So i think this metric of flawed. Perhaps one thing what annoyed in China , is blocking of internet , had to use VPN.

@MijinLaw

10 күн бұрын

@@Rom2Serge I lived in Shanghai for 7 years, I agree with all this except I also didn't find it expensive to live. It's expensive to buy a house, and it's one of those places where it accommodates people of any budget (if you want to spend $10,000 on a handbag, those shops are there) but a lot of the day to day things like eating out and public transport are crazy cheap. And by eating out I don't just mean street food, I mean you can go to really fancy-looking restaurants and end up paying maybe $15 a head, and they don't accept tips.

@philoslother4602

10 күн бұрын

​@@Rom2Serge China doesn't have many homeless people because of the 1998 housing reforms :)

@Tethloach1

10 күн бұрын

A rich person made their adult kid work like everyone else, they fit in like everyone else.

Ironically Xinjiang and Tibet has a higher GDP per capita than provinces like Henan (the historical origin of Chinese civilization) and Hebei (province that encircles Beijing) respectively.

@iceomistar4302

10 күн бұрын

North China hasn't been rich since the late 1800s, Henan had so many famines, wars and floods over the centuries that its reputation is the worst in China.

@bosporu

10 күн бұрын

It's not that Xinjiang and Tibet are good places to develop economy, but that they receive more transfer payment from richer coastal areas. Basically the CCP sacrificed these provinces to develop the minority areas. If you look at the countries neighboring Tibet and Xinjiang, their GDP per capita is lower than Tibet and Xinjiang

@thomasgrabkowski8283

10 күн бұрын

@@bosporuXinjiang is also wealthier because it has oil

@EroticOnion23

10 күн бұрын

Xinjiang & Tibet are also essentially unpopulated compared to eastern Chinese provinces

@datajournalist

10 күн бұрын

@@EroticOnion23Which makes development of GDP even harder

I think it would have been better to explain the Hokou system rather than relegate the explanation to a little bubble. How the system works is actually central to the title of the video and give less time to explaining how GINI is calculated

@Grason20

10 күн бұрын

​@@user-ui3rn5gh2zTLDR= too long doesn't read 就是说：太长了，没有读

@jsb1585

10 күн бұрын

The longer explanation to piggyback on this, for anyone interested: China's hukou (户口) or household registration system was designed to grant the govenment greater control over internal migration. When the CCP took power, they had a massive rural population, and the need to rapidly urbanise and industrialise. However, uncontrolled urban sprawl would have placed too much pressure on limited resources, and so the hukou system was introduced. The system, introduced in 1958, required citizens to register their area of residence with the local authority, and tied their access to services and opportunities to one jurisdiction. This acted as a checking measure on uncontrolled internal migration, and allowed the capabilities of the state to be built up over time. Concurrently, the danwei (单位）or work unit, was also introduced. During the era of heavy centralised economic planning and control, everyone was required to be a member of a danwei, through which they would receive employment, retirement, healthcare and housing assistance through this entity.

@venanziadorromatagni1641

10 күн бұрын

@@jsb1585What would be interesting is a video on the effects of the Hukou system (and the subsequent unofficial cross-provincial migration) on the social systems (Unemployment, pensions, etc), which are supposed to be province-level systems but which require increasing balancing to support the provinces where many people actually worked somewhere else (and hence created economic benefit somewhere else), but then go home after reaching retirement.

@aritragupta4182

10 күн бұрын

They've probably been spending too much time on Brilliant 😆

@user-ox9qq2yy9d

10 күн бұрын

@@jsb1585 you have a poor history knowledge about household registration system. Actually it was developed by Qin Dynesty.（BC221）The registered residence system has been used until now.

Eyyyy south africa being the first in something regarding economics

@foooooof

10 күн бұрын

SOUTH AFRICA NUMBER 1!!!

@aaamint9981

10 күн бұрын

USA

@chadmcbride173

10 күн бұрын

I thought I was the only one bra🥲

@allliquid6320

10 күн бұрын

@aaamint9981 the third world country that thinks its part of the first world 😉

@ExHyperion

8 күн бұрын

@@allliquid6320a third world so third it has the worlds largest economy and higher gdp per capita than 95% of the planet

There is an even worse urban rural divide -- the retirement pension system. I'm from Shanghai, my relatives there get 6000-8000 yuan/month ($1000). My wife's parents are farmers from a village in Guanxi province. They each collected about 150 yuan/month ($23). That's not even enough for food, nevermind medicine. My wife and I med in graduate school in the US. I was shocked when we went back to china to get married. Going from Shanghai to rural Guangxi is like going from New York to africa. The village is mostly middleaged or old people working the farms. The rural china is heavily reliant on migrant workers sending money home. The old languish watching the children of migrant workers who went to the cities. Needless to say, we brought her parents to the US as soon as we could.

@trungduong4040

10 күн бұрын

thanks for sharing

@miragept

9 күн бұрын

Can also notice richness change with chef wang's videos of restaurants, it really seems like anything that is something like +100 to 200km away from a big city, at least in sichuan, becomes a lot poorer. There is also that south vs north thing, guessing because north is the heavy industrial place, at least, this is what a northern chinese told me.

@Luiri61

9 күн бұрын

You're basically as shallow as the author of this video, both seeing the surface of the problem but not analyzing the cause. There isn't a huge difference between urban and rural pension systems per se, the reason for the difference is the base and year each person joins social security, basically the earlier you join or the more you put in to get a bigger pension. And your comment about $1000 to $23 is a complete fabrication. The gap in retirement pensions in China, even between the richest and poorest places, is not more than double. there is only one province in China where the per capita pension in 2023 is less than $400 per month. That's per capita, but it can't be $23. 23 dollars sounds like some kind of standard for the five guaranteed households, the ones who have no financial income, are old, sick, uninsured, and are the ones who get the subsidy. And even ten years ago, the subsidy for a household wouldn't have been less than $80 a month. Please stop the rumors. You will not get retirement protection if you are not enrolled in Social Security. But the government is still giving these people coverage, albeit at a low standard, but you have to realize that this is in the face of a population that is larger than the total population of the United States. So you're basically talking out of your ass.

@zacksmith5644

8 күн бұрын

Ok prove it

@96518

8 күн бұрын

@@zacksmith5644 Never heard of the hukou (户口) system that separates migrant workers from their children? Never heard of Li Keqiang saying 600 million Chinese people live on less that 1,000 RMB ($150 USD) per month?

Well done explaining the broadstrokes of the gini coefficient, the graphics really helped me visualize & understand it!

@marcussver620

10 күн бұрын

exactly ❤

@jameskamotho7513

10 күн бұрын

It was, actually...

@jojoknight

9 күн бұрын

Same here! They explained it so badly in secondary school. All I knew was that 0,1 is good and 0,9 is bad and you will never encounter 0 or 1 🤣🤣🤣 Now I feel like I understand it 🙏🏾🙏🏾

china’s mix of over the top recolutionary symbolism and celebrations combined with the rule of technocrats who look and sound like tories is always funny to look at

@GetFochD

10 күн бұрын

Are you really comparing the chinese to the tories? 😂😂😂 Labour and tories are the same neoliberal idiots nothing like the chinese

@OnlineEnglish-wl5rp

10 күн бұрын

Deng was one of the original neoliberals and plenty in the Tory party admired him

@joadic

10 күн бұрын

This confounds me to the core. I have some friends who now defend pro-business anti-worker legislation saying that's real 21st communism since it is what China does now. Like I can't even, the current world is too complex to fit our definitions

@boarfaceswinejaw4516

10 күн бұрын

as it turns out, communism is just fascism with red paint.

@jonathanodude6660

10 күн бұрын

@@joadic just because we have definitions for specific things doesnt mean we actually have to do those things.

Good explanation og GINI coefficient, and some facts new to me. Kudos.

“Third most unequal economy in the world, behind just South Africa and Namibia.”

@user-ox9qq2yy9d

10 күн бұрын

Where did the erroneous data come from？

@yopyop3241

10 күн бұрын

@@user-ox9qq2yy9d Erroneous data comes from the CCP. The data that shows China is the third most unequal economy in the world comes from a long term longitudinal study by researchers at Peking University. The study results have been published for many years, but now that foreign media has taken notice, the CCP will undoubtedly shut the study down.

@aiapihud4344

10 күн бұрын

@@user-ox9qq2yy9d actual economists.

@yopyop3241

10 күн бұрын

@@user-ox9qq2yy9dThird most unequal economy in the world based on data collected as part of a long term longitudinal study conducted by researchers at Peking University.

@kamelkadri2843

10 күн бұрын

knowing South Africa and Namibia it a terrible position to trail them, the level of inequality in South Africa is unbelievable, like you can't image it unless you see it

"The economy... is in shambles!" Love that you folks also love Sunny!

They probably should have included Gansu province in the bright red section of the thumbnail, considering its the poorest by province by GDP per Capita in China and is nearly bottom on the HDI . (British living in Gansu province)

@venanziadorromatagni1641

10 күн бұрын

It’s also the 5th lowest in average number of education years (8.79), after Tibet (6.62!), Guizhou, Qinghai and Yunnan. (How much of that number however is ‘statistical drag’ as people tend to live for decades after finishing school, is another question.)

@B1_66ER

10 күн бұрын

How did you post a comment on KZread if you live in China?

@liua42

10 күн бұрын

& Inner Mongolia shouldn’t have been put as poor, their GDP/Capita is higher than most other regions (natural resources)

@SelfProclaimedEmperor

10 күн бұрын

​@@B1_66ERHe broke the law

@ArawnOfAnnwn

10 күн бұрын

@@B1_66ER Did you know there are even Chinese KZreadrs i.e. not just comments, but channels that regularly post content? Yes really, and yes from people living in China itself. Some even have thousands of subs. All you need to do is check, rather than regurgitating popular talking points.

So uncontrolled capitalism ends with a hugely unequal society? It’s just lucky that countries like the UK have managed to avoid this terrible phenomenon..

@ibrahimhassan711

10 күн бұрын

Capitalism with no regulation is truly worse than a fully socialist state.

@ThatGuy-bz2in

10 күн бұрын

China doesn't have uncontrolled capitalism. It has capitalism under the watchful gaze of a centralized authoritarian regime.

@redflame21

10 күн бұрын

With full communism society would all be equally as poor

Bro put Anhui and Northern China as rich province

@dengist8172

10 күн бұрын

Anhui is OK. Northeast is definitely not rich 🤣

@ChoateGo

10 күн бұрын

@@dengist8172 idk, northeast feels better off than anhui. neither is prosperous though

@dengist8172

10 күн бұрын

@@ChoateGo Recently Anhui doing much better than NE. Anhui is China's electric vehicle base and NE was the old industrial base

@DevSarman

10 күн бұрын

​@@ChoateGoafaik, Northeast China - or Dongbei - is rather known as "China's Rust Belt", and infamous for organized crimes there

@nntflow7058

10 күн бұрын

Anhui is doing way better than the rest. Not because they are great, but because the rest are sh*t.

At 0:30 you stated 2 thirds of Chinese population lived in rural areas. Then later at 4:55 , you said 70% lived in urban area. Could you please explain.

@leonardex2

10 күн бұрын

I think they should've said that 2/3 of the Chinese population are registered in rural areas, since 35% of the population living in urban areas are migrants from rural areas.

@philoslother4602

10 күн бұрын

38% of Chinese are rural :)) his statistics are bullshit

@Red-Magic

10 күн бұрын

66% vs 70% its close enough

@ashvinnihalani

9 күн бұрын

+1 is the to the fact that 2/3 are registered to be the rural areas while in really it is above 2/3 live in the urban area. The people who are registered as born in the rural area but actually work/live in the urban area are unable to receive benefits tied to the Hukou system which basically says where the province where you are born is responsible for your social benifts

@VampireA-Oni

9 күн бұрын

@@Red-Magic 66%in rural vs 70% in urban... please do the math, because I couldn't add those up correctly.

I've never for a second though the majority of people in China living in prosperity, it's clear to see that it's a few hand-picked cities that are living much better than the rest, a bit like how Russia is today. If China was modern across the board, their economy would be around 4 times bigger than the US, clearly that isn't the case, so there's still a lot of poverty in China, and just like with Russia, it's easy to show the highlights of regions that are doing well whiles covering over the regions that are doing badly.

@artonio5887

10 күн бұрын

China's gdp per capita is lower than Mexico's last I checked. So this doesn't surprise at all either. They can throw those nice infrastructure pictures at me all the day, but the data says very clearly that the country isn't on par with the west in many aspects yet, and given the economic slowdown, I'm not sure if it will ever be tbh.

@user-xq2kb5lk2j

10 күн бұрын

@@artonio5887 China's per capita GDP is not even as high as Argentina's, which suffered economic collapse

@Luiri61

9 күн бұрын

@@user-xq2kb5lk2j yeah, Like you said, a country so weak that even most of its people are still eating dirt is under siege by the entire Western camp.

@davidk.d.7591

8 күн бұрын

I mean, the country was poorer than India 30 years ago. If you really except them to be at OCD levels now, then that'll be utterly ridiculous. They aren't magicians. It's very strange to me when people acknowledge that they've literally had the fastest growth in history but don't seem to realise that it's basically impossible to solve the problem immediately

I like the 3 people that you choose from it's always sunny in Philadelphia

What I love about this channel is how easy and simple you explain certain topics. The way you explained the gini coefficient was perfect

HUKOUs from different provinces and cities in China don't offer the same citizenship rights, kind of like passports. So, it's pretty inconsistent when overseas Chinese complain about the discrimination they face abroad while totally ignoring the inequality in citizenship rights caused by the hukou system back in China.

@OnlineEnglish-wl5rp

10 күн бұрын

The Chinese abroad in Western countries have far more rights than foreigners do in China. China is an overtly racist society. You cannot establish a proper business there and they are total hypocrites about investment opportunities for foreign companies

@neojaxx

10 күн бұрын

The system hasn't been abolished, some cities are just trying to lower the standards. But in China's first-tier cities, the household registration requirements are still much higher than the U.S. green card standards. @Letsthinkaboutit-mb7nn

@stunstar4553

9 күн бұрын

@@neojaxx Currently, only super big cities with nearly 20 million people, such as Beijing, Shanghai, and Shenzhen, have special restrictions. they will become overcrowded If these cities are not restricted,. Other cities with 90% of the population can easily move their hukou , as long as you work there for a few years or buy a house

@neojaxx

9 күн бұрын

Changing the subject, The point is that Chinese people from different regions don't have the same citizenship rights. and Beijing's population has been dropping every year since 2017.@@stunstar4553

@neojaxx

9 күн бұрын

Beijing's population has been dropping every year since 2017.@@stunstar4553

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@JoelRaymond-mk5ew

8 күн бұрын

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@ColleenMartinez-lj6ok

8 күн бұрын

Thanks to my co-worker (Alex) who suggested Ms Christy Fiore

@ShanikingOrtega

8 күн бұрын

She's a licensed broker in the states 🇺🇸

@ShanikingOrtega

8 күн бұрын

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

@ElizabethMerchen

8 күн бұрын

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

I don’t doubt that income and education inequality is severe in China. The problem however with using the Gini coefficient in China is that it’s a relative measure of inequality and doesn’t take into account, for instance, the rate of wealth among groups (say, rural and urban). My point: the rate of income growth in China’s urban areas is higher than in China’s rural areas but both rates are significantly higher than what they were before 1980. As importantly, I suspect that rural residents may be better off - although I’m not sure - because of the possibility of having a job outside of an agriculture one. So, a better measure for China’s inequality would also measure the rate of change in income between groups. This, I think, would find that China's rural poor are still poor compared with its urban population but are substantially wealthier than they have been in the past 100 years. That is, the rate of income increase is high. This is especially important in regards with the low education standards in rural areas. China’s high school dropouts have a chance at an income that’s substantially higher than a similar group in the past 100 years.

All due respect, but you're making it sound as if China's poverty is strictly limited to rural areas and everybody moving to cities would solve it. There's immense poverty within the cities as well. People even feel it faster because prices are higher over there.

good video. very informative

I've heard more about Real Life Lore's brand new series, War Room, which every month winds me through a whole load of ongoing conflicts, to keep me in the loop, than I have heard about anything else this past week.

„Islands of prosperity in otherwise rural country” that suspiciously sounds like England

This is nothing new, pretty much every country in the world is like this with the exception of city states like Monaco, Andorra or Singapore. In the US, for example, people earn the most if they live in California or New York. If you live in middle US or anywhere between CO and MO I am sure you are earning up to 4x less than people in big cities.

@marcussver620

10 күн бұрын

yes

@chrishekman6179

10 күн бұрын

I mean having government system that dictates wether you are forced to become a peasant is wild and hasnt existed in Europe for over a 100 years.

@soldatox3019

10 күн бұрын

Yes, but in some countries there's an even larger divide, sometimes even massively larger.

@2SSSR2

10 күн бұрын

@@chrishekman6179 To be fair, it's not like they cannot go to large cities and try to prosper. Millions of them did, just look how packed are their most rich cities. If the Government was preventing them to do that as well then we can consider it forceful system, with this we really cannot.

@diogorodrigues747

10 күн бұрын

@@2SSSR2 Not freely though. The Huco system is a thing in China, and it's a pain in the *ss.

Because of the implication...

Pls what is the gini coefficient of equatorial guinea? 😱🙈

Your analysis means nothing without figures on the difference of the cost of living between rural and urban areas.

@victorlebon4502

10 күн бұрын

Yup

With Xi’s humble upbringing and living amongst these people for years. Would’ve been nice to see how Chinas attempting to tackle this problem. Like their massive infrastructure investments into these rural areas connecting them with the wealthier ones. There’s poorer farming towns with HSR before a single American city has one. While they’re building massive bridges to cut driving times down. The opportunities these give is similar to America building the freeway system

@nomobobby

9 күн бұрын

Roads and highways are useless rivers of global warming ashphalt if your can't buy a car. They often make crossing the countryside harder, cause you have to eithier go around or walk on the berm- Just like America's homeless w/o a car. All the high speed trains NEED thousands of passengers or it runs at a massive loss. Most American cities beyond the coastlines are too far and widespread, with not enough traffic between them to justify huge passanger rail- It's just like rural China! Where's the money to keep them running at such high speeds? Off the backs of Bejing's communters? All the opportunity in the world doesn't matter if you cannot take advantage of it quickly.

@ZachLDB

9 күн бұрын

@@nomobobby Not everything needs to be run for profit. How much is lost by operating fire stations and schools? How much money is subsidized in highway construction/maintenance or gas tax relief? You also don’t need a car to use those bridges, public transportation is a thing for citizens to go into the cities for work. Americas homeless situation is a separate self imposed issue from lack of affordable housing/greed keeping good homes empty to raise pricing. Fix that injustice and they’ll have opportunities to access the above.

@user-cx9nc4pj8w

8 күн бұрын

@@ZachLDB No, not everything should be run at a profit, but the net benefit should be higher than the net cost. And especially since people are still expected to pay for more expensive hsr tickets, the investment as a benefit might not be as good compared to just building a normal rail line.

@monkeeseemonkeedoo3745

8 күн бұрын

@@ZachLDB It's not about profit, but about sustainable and smart investments. The infrastructure projects were not made to benefit people of rural areas anyway, but to pump the gdp numbers and employ people. Many of those high speed rails are losing a lot of money just to operate, not to mention the loans that went into building them in the first place. If xi cared about rural areas, he would help the migrant workers of China and reform the Hukou system, there's millions of children of migrant workers unable to go to school, access service, they have no status all because Chinese migrant workers don't have the same rights as non-migrant workers.

@zacksmith5644

7 күн бұрын

​@@nomobobbyBased on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

There's a channel called... Little Chinese Everywhere if I'm not mistaken, with travels all over rural China. It's really all over the world, but what caught my attention is Yan's travel in rural China. While it's mostly a travel channel with light hearted commentary, always with a positive spin on things, the images kinda speak for themselves. Rural China is like stepping into Chinese history. Some of the places she visited looks like it hasn't changed in centuries. The way of life has barely moved the needle. It's zero technology. It would put Amish communities to shame. And yes, it's all older people who receive money from their kids or grandkids who live in a big city, telling stories of a time when their village had 10x the population it has now.

@ruedelta

3 күн бұрын

My family is from such a village. It is quite complicated, but it basically boils down to the simple fact that in the modern global economy, a small farming village has next to no economic value. Measure their activity better and maybe you have a more convincing argument as to why we should invest back in these villages, rather than just leaving them. I think you would be hard pressed to convince people that they MUST remain in such villages forever.

Good video

Ohh the irony.

@OnlineEnglish-wl5rp

10 күн бұрын

There are plenty of videos on this channel about economic inequality in the UK so why are you reacting like that?

@ThatGuy-bz2in

10 күн бұрын

@@OnlineEnglish-wl5rp I would guess it's 2 things. 1) western societies aren't based on the idea of equality. Communism is supposed to mean that everyone is equal and shares resources. But they are one of the most unequal counties on the planet. 2) western countries like the UK or canada certainly have in equality issues, but they are nowhere near as bad as china's.

@aiapihud4344

10 күн бұрын

@@ThatGuy-bz2in Lets ignore that the CCP after Deng's capitalist reforms dropped the concept of economic equality in favor of having a not dogshit economy.

@itshample3010

10 күн бұрын

​@@aiapihud4344 This argument that leans into "China isn't communist!" is so dishonest and a shifting of goal posts. China started off and for the majority of its current state was based upon marxist revolution. It wasn't until after the government caused famines that killed millions of people that Deng realized that it doesnt work and China opened itself to capitalism to fix a lot of issues while still retaining the huge power the CCP holds. All of this inequality is caused by the CCP majorly. The irony is apt

@ThatGuy-bz2in

10 күн бұрын

@@aiapihud4344 is the country not communist? Last time I checked it was. It is ironic that they use a political system intended to create an equal society, then tack on an economic system designed to destroy equality. And capitalism, properly managed, can have a certain degree of equality. But they went with the most unequal version of capitalism they could think of. that is extremely ironic.

This guy sure knows a lot about China. I hope he visits there before.

@monkeeseemonkeedoo3745

8 күн бұрын

What do you think of Hukou?

@zacksmith5644

7 күн бұрын

​@@monkeeseemonkeedoo3745Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

The population in inland areas is small, the natural environment is poor, and the total GDP is very low, which is normal for the whole world. The rich areas in the United States are concentrated in the coastal areas, but the per capita GDP of Tibet, Xinjiang and Inner Mongolia in China is also at a medium level, which is extremely rich compared with neighboring countries. For example, the per capita GDP of Inner Mongolia is ten times that of Mongolia. Tibet's per capita GDP is more than five times that of India.😊

@orionstrehlow6816

9 күн бұрын

A large portion of that is China spending national funds to suppress those areas. No really, it means they get better education, more services (even if many of those services came out of the book 1984) and they're actively being settled/developed by a Han middle class as opposed to much of the Han countryside which is often ignored. Plus there's a great amount spent in those provinces on security technology and physical security and security staffing, all of which are middle income jobs. Weird, huh?

It appears to me as if they have peaked or now firmly in the so-called middle income trap, the problems they face require a radical democratic process which is out of the question.

@Luiri61

9 күн бұрын

我想知道你现在进入中等收入了吗？如果你连中等收入都没到，你为什么判断其他十几亿人已经达到顶峰已经进入了中等收入陷阱？你需要的民主是什么？你为什么又觉的不可能？ 我想听听绿色的建议

There are two short books called "Hidden China" - both worth a read to help understand this.

@zacksmith5644

8 күн бұрын

Ahhh yes . Colonists writing about china . Funny

Really liked the rough explanation of the Gini coefficient, the graphics really help out there. Although, given it was being presented alongside China's industrialization and economic growth, I kinda wish there had been a graphic to contextualize if China was doing a relatively good or bad job with economic equality given where it is in its development. Mapped against GDP perhaps?

@blackscreenconversations

10 күн бұрын

I would argue they are doing better considering the short period of success they have had. There seems to be more effort to alleviate poverty and build up rural areas. Of course the coast area is overpopulated and excessively richer than the other areas. The majority of the workforce in these areas are from the provinces described as poor. The biggest problem I think is the distribution of these workforce and incentive. I must mention that the cost of things is also relative to the area. But who knows what is to happen, if we take everything by their numbers, year on year they take more people out of poverty than many countries out there.

@geofflepper3207

9 күн бұрын

​@@blackscreenconversations I'm not so sure that they are doing a good job. Unlike other countries that were Capitalist and thus started with a few people having a huge amount of wealth and income and a lot of people with little income China was communist in the 1970s and likely didn't have much income inequality as it didn't have rich Capitalist owners of companies, especially after the Cultural Revolution. So China started out more equitable than other developing countries and quickly changed to being incredibly inequitable. I'm thinking that in 1960 when South Korea was poor and Capitalist it was more inequitable than was China but that today South Korea is probably a lot more equitable than is China. As well, although people always talk about the dramatic rise in living standards and industrialization in China I think that South Korea, Hong Kong, Singapore and Taiwan which were all poor like China in 1950 have all made better more impressive improvements in these areas than has China.

@davidk.d.7591

8 күн бұрын

​@@geofflepper3207China has always had rural to urban inequality. Even under communism. It's reform and development truly kicked off in 1990. By then, South Korea, Japan and Singapore were already developed countries. Taiwan was close, if not there already. China then was poorer than India. To compare them now is just ridiculous. Plus, the scale means that it's always going to be much harder to create enough industry to enrichen 100 million people than it is for 1 billion. It's relatively easy to export and manufacture your way to wealth when you have 50 million people. Less so at China's scale

我是中国人，我可以作证，你们的分析很正确、很客观

@davidescristofaros2241

10 күн бұрын

good to see some chinese in these videos, unfortunately the great firewall shields china from the rest of the world so it's uncommon to see you here

@theimmortalemperor3605

9 күн бұрын

你用的是诺德VPN吗？你是如何通过防火长城的？

@PinkyKiller19

9 күн бұрын

@@theimmortalemperor3605 VPN有很多厂家，我用的不是诺德

That’s true for almost every country except USA, Germany, and Canada. Arguably Benelux, Switzerland. Wealth concentration in the major city, or for huge countries 2-3 cities is very common. Even Russia, UK,

@yopyop3241

10 күн бұрын

Point is, it’s far worse in China than almost anywhere else. According to the vid, China is the third worst in the world, behind only South Africa and Namibia.

@zacksmith5644

8 күн бұрын

​@@yopyop3241caught you Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@zacksmith5644

8 күн бұрын

It's worse in usa

@ethanemmerich9698

8 күн бұрын

@@zacksmith5644 well, that’s just not true. USA has the most geographically distributed wealth of almost any country. I’ll put it this way, if you’re a young professional trying to make a living past middle class you can do that anywhere in this country. That is not the case in most other countries. Also- you may have misunderstood me- I was not referring to wealth inequality as a whole, I was referring to concentration of wealth in 1-2 major cities cities. Nothing to do with individuals. In USA you have dozens of cities where you can find incredible wealth and opportunities. That’s not true for the majority of countries, it’s not special to China.

@zacksmith5644

7 күн бұрын

@@ethanemmerich9698 wrong again . Source : world bank official website . Also go tell that to laid off bankers , game devs , software engineers , hardware devs . Unlike you , I have actual source

Some data are quite outdated though, I recognized that one source is from 2015. China has actually experienced a rapid growth of undergraduate and graduate population in recent years due to vairous reasons(though the quality of the degree is at times questionable). But overall great video!

All the Chinese bots/trolls are out in force 😂

From my viewpoint, it appears that the government may be inclined to hinder the prosperity of eastern cities to capitalize on the availability of cheap labor in the manufacturing sector. They seem to target workers from that region to prevent facing challenges akin to those seen in Europe, where the influx of individuals from a specific religious background has caused tensions within the LGBTQ community without substantial contributions to European manufacturing.

@deathdrone6988

10 күн бұрын

I'm gonna tell it to you straight, I don't think they give a shit about LGBTQ people at all (more of an Asia thing, the only country to legalise same-sex marriage is Taiwan, and its not even 'real'). But I do agree that they want more people in the cities, its just more efficient that way.

@the11382

10 күн бұрын

Companies are already in Vietnam for manufacturing. Meanwhile China is setting up in Africa.

The data is too obsolete to support the narrative. Work harder.

In 4:22 , you are talking about Deng's reform transformed China's economy from a rural one to a modern one, but the video you used is from Hong Kong, which was never under CCP's control until 1997. Under British control, the economic development in Hong Kong was always better than China, way before the founding of PRC. It is very unfair to imply Deng's reform change Hong Kong to a capitalist economic model. In fact it is quite the opposite, where Hong Kong's economic success inspires Deng to reform PRC's economic model.

India's Economic Inequality is unmatched. In the Mumbai slums, slum dwellers share the same neighborhood with India’s and Asia's richest man, Mukesh Ambani. Despite being so rich, he did little to help his countrymen, especially those that live just across his mansion. There is an |ndian saying that says "the life of a cow is more valuable than a Dalit/slum dweller." 🤭🤣😂

@misterbig9025.

10 күн бұрын

Bot that joined 1 day ago

@LandgrabbingIndia

10 күн бұрын

@@misterbig9025. Says the bot. Your Indian moderators banned my account permanently because they couldn't handle the facts about India/Indians, thus, I have created a new account. Not going to stop me, Indian bots/moderators.😏🤥🥱

@LandgrabbingIndia

10 күн бұрын

@@misterbig9025. Says the Indian bot who couldn't handle facts.

@misterbig9025.

10 күн бұрын

@@LandgrabbingIndia type-c 🇨🇳 bot, your account is literally 1 day old

@LandgrabbingIndia

10 күн бұрын

@@misterbig9025. Musahar Indian bot.🤭

So biased. China does have welfare programs, they’re not extensive nor have the institutional infrastructure yet to support a country of over 1 billion people, their economy would become far less stable if they instituted any widespread social welfare program that would make a modest dent in their Gini Coefficient. At least they build modern apartments and actually pay poor rural villagers in remote areas to move into them and access decent jobs and China has an over 90% home ownership rate with over 80% outright owning their home and not some bank or lender.

@IR-xy3ij

10 күн бұрын

China is on many levels quite ancap

@baikeiast5255

10 күн бұрын

India doesn't have welfare too.But one thing china and indian own their land they dont payed property tax on the land

@OnlineEnglish-wl5rp

10 күн бұрын

"their economy would become far less stable if they instituted any widespread social welfare program" You mean Chinese workers would have a little bit more protection from being sacked if they dared to organise for better wages and conditions. That's the real purpose of no or low unemployment benefit. Quite obviously they have everything they need to make things better for ordinary people there, it's just a question of politics Why are you talking about bias? Are you Chinese? Why are you always so defensive?

@thomasgrabkowski8283

10 күн бұрын

A lot of China’s high home ownership rate is due to homes in China only being privately owned recently. Before, they were owned by the state and handed out, and then ownership were transferred to residents living inside. It’s why almost all countries with the highest home ownership rates have history of communism. Eastern Europe and Russia also ranks extremely high in home ownership for example

@timhaldane7588

10 күн бұрын

You misspelled "based"

Yeah, actually dealing with this, so let’s wish them luck. Most large countries have terrible inequality, and zero motivation to fix it.. Consider for example of the UK and the US are they going to address inequality at all? Continental Europe done quite well, and I hope China can reach the same standards eventually

Which year’s statistics are being used here? As of 2023 Chinese rural population is 477 millions not 900 millions, while is urban population reached 933 millions.

@anesumagoba1195

9 күн бұрын

what about if you exclude migrant workers from rural China, how large is the urban population?

@zsarimaxim692

9 күн бұрын

​@@anesumagoba1195 There are 297 million migrant workers including short term agricultural labors. So, the number is still way off. Moreover, the income stated in the video clearly does not reflect those of the migrant workers.

It's so heartwarming that westerners care so much about Chinese wealth inequality, despite themselves having the same problem or worse.

@yopyop3241

9 күн бұрын

Per the video, China is the third worst in the world for inequality.

@Freedom_from_imp

8 күн бұрын

They should look at the uk wealth gap. The royal leeches off the taxpayers and the rich pay next to nothing in taxes while the middle class and poor fight for scrap.

@zacksmith5644

8 күн бұрын

​@@yopyop3241per the video . Usa is worst of the worst

@yopyop3241

8 күн бұрын

@@zacksmith5644Nope. You haven’t watched the video. China claims to be on par with the US, but independent data collected by researchers at Peking University indicates that China’s situation is actually much, much worse.

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10 күн бұрын

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10 күн бұрын

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10 күн бұрын

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10 күн бұрын

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10 күн бұрын

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Great map i wonder why desertes and huge ass mountains are more poore then forests and fields.

It’s getting better

@yopyop3241

8 күн бұрын

For Chinese who have learned English and who use VPNs to bypass the Great Firewall, it probably is. Much of the rest of the Chinese population is falling further and further behind with less and less hope of ever escaping conditions that would be classified as abject poverty in the advanced world.

@zacksmith5644

7 күн бұрын

​@@yopyop3241Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@yopyop3241

7 күн бұрын

⁠​⁠@@zacksmith5644Nobody takes official Chinese government numbers seriously. Even top CCP officials have publicly acknowledged official Chinese government numbers’ unreliability and lack of self-consistency. As an institution that is dependent on funding from world governments, including the Chinese government, the World Bank is forced to rely on official Chinese government numbers. As a result, no one takes World Bank numbers on China seriously. Garbage in, garbage out. To get a realistic view of the reality in China, you need to find independent metrics and analyses. The independent data set noted in the video puts China’s inequality at third worst in the world. China tries to pretend its inequality is on par with the US (which is already bad). Reality is that China’s inequality is far worse. Independent analysis puts Chinese inequality at third worst in the world.

TLDR trying to teach the bible to the priest... it is very easy to just put philosophies in a vacuum and explain complex concepts if you use a rhetorical islands full of entrepreneurs with no history attached. But to do that you have to begin without any historical context... After you read about history with all context and minutia, it is impossible to continue with this line of reasoning that denies the material conditions and reality that existed before a system is in place. After their revolution they went from the 6th -10th poorest country in the world (depending on the sources ) and got into a period of non-stop grown for more than 70 years to now the 2nd economy, some of those years they got double digit GDP grownth. They did that taking people out of poverty on the way. They are the reason poverty charts worldwide are on a downward trend all these years. They single handedly got more than 600 million people out of poverty. If compared to themselves historically decades prior, they are on the rise non-stop for more than half a century and getting better faster than any others in history. In the same timeframe American citizen lifespan just got shorter than a Cuba citizen just some years ago, meaning US have no tools to deal with inequality while at the same time telling others what to do. Economic Inequality is the name of the game for communism to tackle, they have all the tools to deal with it. That is the whole purpose of it...Of course they have taken economic inequality into account, is in the damn heart of the ideology. It is just that their plans are long run, very long, they are not years but decades long plans. They are providing infrastructure to west provinces exaclty for this motive. They build high speed transportation to Tibet and northenm areas like the gobi desert. They have plans to get desert and terraform them into solar eletricity farms. They also are transposing rivers to the north to transform desert land into farms. All these takes time and they are fully aware of these.

The richest people are on Wall Street, and the poorest are in tents on the neighboring streets of Wall Street

@gideonmele1556

10 күн бұрын

Nah mate, they’re a few neighborhoods down

@zacksmith5644

8 күн бұрын

​@@gideonmele1556 prove it Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

Interesting

Kind of surprised that the public education seems not so enforced in the rural area, I thought they'd have strong efforts to fight illiteracy and what not based on what I heard about Communists countries during the Cold War era. I wonder what policies China is trying in an attempt to address economic inequality.

@gideonmele1556

10 күн бұрын

China is also seemingly allergic to unions and welfare which for a supposedly communist country is a bit odd

@geofflepper3207

9 күн бұрын

​@@gideonmele1556 I imagine that things would not go well for North Korean workers who tried to go on strike. I also suspect that Stalin would not have been very tolerant of Soviet workers who went on strike.

@Luiri61

9 күн бұрын

Good question, but you can only see video content like this on youtube, they don't offer solutions, they just point out problems and data, and although they handpicked some of them, there are still people like you who are curious. I can't even type some English words on this platform. But the illiteracy rate of China's 1.4 billion people is only 2.5%, and if you look only at the illiteracy rate of people under thirty, it is infinitely closer to zero. The reasons for the problem of economic inequality are many and varied, but you can wonder why you don't see homeless people in China. According to the West, the homeless are driven to the countryside. But as the author of this video says, China has the hukou system, which is based on houses, and basically whether you're the owner of a house, or children and spouses, you're registered on a form in the area where that house is located. So they're all people with houses. Economic support is a big one, but what I can tell you is that China has the village-to-village project, and 99% of the rural areas are connected to the road network, and if your house doesn't have electricity or water, the government will connect you to it. If you don't have a cell phone signal, you will even if you live alone at the top of a mountain, they will give you a cell tower. Of course even on Mount Everest you can see the signal towers built by the government. If you're a lonely old man in a rural area then you'll be included in the policy of the five guaranteed families. That's in addition to the old man's rural pension, and you'll get 90 USdollars a month. Then the government also guarantees that your house will be in good condition, that food and clothes will be delivered to you quarterly, that you will be able to go to the hospital for treatment, and that even if you die the government will help you get buried. You know, according to the Western media, there are still many people in China below the abject poverty line. Then, I conservatively estimate that perhaps only the same number of people as the population of the United States are below the abject poverty line. I don't know which country can achieve the above guarantees. One thing that youtube video writers always miss when analyzing problems is that China is on the land of the state, at least for now. All the land in the countryside is free for farmers to cultivate. China's guarantee of the minimum poverty line is very accurate. One has a house, land and all the infrastructure, as well as social security. Even if you work, what you want to eat, just pull it out of your own field. What else do you want? Another young wife? Then I might as well go to the countryside.

@zacksmith5644

7 күн бұрын

​@@gideonmele1556Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@zacksmith5644

7 күн бұрын

​@@geofflepper3207prove it Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

The Gini coef is actually not very good at measuring wealth inequality. But if you google the gini coef for US and China, you find that it's 0.46 for china and 0.47 for USA. Which is different than what's reported here. But it's widely recognized that the US has the greatest wealth inequality of any developed country.

@aazaaazaa

10 күн бұрын

Yeah, even World Bank mentioned in the video shows different numbers

@yopyop3241

10 күн бұрын

That’s the number based on China’s BS official data. Academic Research out of Peking University and referenced in the video has found that inequality in China is the third worst in the world, behind only South Africa and Namibia.

@user-ox9qq2yy9d

10 күн бұрын

有趣的是，由于美食文化的影响，家庭经常去餐厅吃饭或者购买昂贵食材的这种文化差异并没有被考虑进入基尼系数的计算考量之中。

@boarfaceswinejaw4516

10 күн бұрын

They used numbers from the china family panel studies. a surveying group based in peking. so if their estimation is negative its probably far more telling than whatever numbers you scrounge up from google. sources are important.

@user-ox9qq2yy9d

9 күн бұрын

@@boarfaceswinejaw4516 在搜索国内网站的结果之后，我发现国内的数字其实可能比这个报告的数字更大，但是国内的专家和网友对这个数据有很大意见分歧，并且由于中外差异实在太大，国内专家并不算认可基尼系数的判定方式，并认为基尼系数认定过于片面。需要注意的是，中国的土地是公有，农村其实不存在破产失地的情况。社会的快速发展产生了很多复杂的问题，有些问题并不是简单套用西方总结的定理能生搬硬套的。

2000 yuan isn't 200usd, it's 275usd, massive difference.

Based on your picture, I went to the World Bank official website to check the results: Netherlands 26, Russia 36, ​​United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here?

@karlsussan8454

9 күн бұрын

That data for China on the World Bank website was from 2020...

@PrideWang

9 күн бұрын

@@karlsussan8454 Aren’t the data from other countries for 2020?

@karlsussan8454

9 күн бұрын

@@PrideWang yes most of the rankings are old in the World Bank study, which is why I wouldn't use them. A lot has changed since 2020, especially in China. China's economy suffered from the covid lockdowns, foreign divestment, and its real estate sector is in free fall. People at the bottom always get hurt the most so when a country's economy downturns and thus economic inequality widens. Most of the world saw an increase in inequality between 2020 and now, but in China I can imagine that the gap widened enough that China fell through the rankings hence its farther down the inequality ladder than other countries.

Economic inequality in every country is a problem.

You can find these kinds of disparities all over the world. For instance, the east and west coasts of the US are much better off than the central states, so much so that they're literally known as 'flyover states' cos most folk just fly past them to get to either coastal region.

@SelfProclaimedEmperor

10 күн бұрын

Yes, but some one in a US "fly over state" is still 20 times richer than some one in rural China.

@ArawnOfAnnwn

10 күн бұрын

@@SelfProclaimedEmperor Obviously. The US is a richer nation as a whole. That's not saying much. You compare Americans with other Americans, just as this video does for Chinese. Else you may as well compare an Eritrean with a man from Monaco.

@shmilx

10 күн бұрын

@@ArawnOfAnnwn 6:09 compares both a Chinese urban area to a Chinese rural area and an American urban area to an American rural area. The gap in income is significantly better for rural Americans than rural Chinese (1:4 Manhattan:W.Virginia compared to 1:12 Gansu:Shanghai).

@OnlineEnglish-wl5rp

10 күн бұрын

Given that this channel covers numerous countries around the world what was it that motivated you to write that comment?

@ArawnOfAnnwn

10 күн бұрын

@@OnlineEnglish-wl5rp Not as much as its name implies. There's a rather heavy focus on China, Russia and Iran + Israel. And the US, which is portrayed more positively, whereas the other three are negative. No prize for guessing who most of its audience is.

Now watch the comments get filled with hundreds of comments like "...but what about the homeless people in America?!"

@Jin-om5jz

10 күн бұрын

Already happening lol

@brianliew5901

10 күн бұрын

Yeah, what about the homeless, derelicts, junkies, mentally ill and zombies of America? 🤔🤔🤔

@ArawnOfAnnwn

10 күн бұрын

What you should be asking instead is why China gets singled out for vids like this, when it's a phenomenon seen all over the world. And the answer isn't flattering of the channel, or comments that defend it - because it farms them views. It's basically the same kind of thinking that leads channels to employ clickbait.

@brianliew5901

10 күн бұрын

Stupid comment.

@Jin-om5jz

10 күн бұрын

@@ArawnOfAnnwn A LOT of countries get called out in a similar vein. Chinese shills have no issue happily dogpiling on with derogatory comments when it's about another country, but get super butthurt and sensitive about it when it's China.

The question is why isn't it the tories'?

Frank should have been the one with all the money lol

CCP: We don't see this as a problem.

@unaihmg9352

10 күн бұрын

There main goal now is literally to solve this

Ah the wonders of communism

@Abdullah_the_Palestinian

10 күн бұрын

China is as communist as the US is

@TheTfrules

10 күн бұрын

Communism with Chinese characteristics

@zacksmith5644

8 күн бұрын

Agreed Wonders of communism Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@zacksmith5644

8 күн бұрын

​@@TheTfrules communism with chinese characteristics = no 1 economy

@zacksmith5644

8 күн бұрын

Communism china = no 1 economy Capitalist usa = no 2 economy

The GINI coefficient might be a good reference for populations at large but on the individual it's not even close to the whole story. I made $15K/year more at previous job but it was awful. If you figure the hourly rate between then and now I make a lot more now. I can survive a pay cut because I don't envy people with high income. I've never tried to keep up with the Joneses.

I really hope they manage to bring those provinces up to a better baseline level as well.

@stunstar4553

9 күн бұрын

90% of the population lives in eastern cities, and now you know why the population in the west is very small

@zacksmith5644

8 күн бұрын

​@@stunstar4553Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

@VillanuevaAldanel

10 күн бұрын

Please educate me, i'm willing to make consultations to improve my situation,

@KiddDanny

10 күн бұрын

Christen wilburn. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

@EchoSandra

10 күн бұрын

She's recognized as 'Mrs Christen. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@VillanuevaAldanel

10 күн бұрын

Please how do I find this financial counselor?

@VillanuevaAldanel

10 күн бұрын

I'd love to know this mentor of yours

CCP's greatest problem is itself.

@CC-lq8st

10 күн бұрын

they seem to be doing well to get all this hate and jealousy from Western countries lol

@zacksmith5644

8 күн бұрын

Jealousy

1998 wants its second-tier news back. This old story has, as the cliché has it, been ‘overtaken by events.’

Its isn't a problem if you look at the population distribution, western provinces are mostly empty which is reflected in gini coefficient.

@adrianthoroughgood1191

9 күн бұрын

It is on a per person basis.

This is like London and the South East versus the rest of the UK.

@SelfProclaimedEmperor

10 күн бұрын

No. Some one in "the rest of the UK" is still 20X richer than some one in rural China

@aira4739

10 күн бұрын

@@SelfProclaimedEmperor You are comparing China with developed countries. Then I can also compare China with poor countries such as Ethiopia!

@gerrardlee8879

10 күн бұрын

If China is poor and incompetent, why is The West so afraid of them instead of minding its own business.

@ThatGuy-bz2in

10 күн бұрын

@@aira4739 you seem to have missed the point. The OP was saying this was just like the UK. The guy you are replying to was point out that it is not. Similar trends exist in other countries, but China's issue is way, way worse.

@victorye7150

9 күн бұрын

​@@SelfProclaimedEmperor You forgot the fact that the cost of living in the UK is significantly higher than those of China.

In my view, it seems that the government prefers to keep the eastern cities from prospering as it benefits from the availability of inexpensive labor in the manufacturing sector. They specifically target workers from that region to avoid encountering challenges similar to those in Europe, where the influx of individuals from a particular religious background has led to tensions within the LGBTQ community without significant contributions to European manufacturing

@marcussver620

10 күн бұрын

I agree with your opinion❤

@ArawnOfAnnwn

10 күн бұрын

China is literally one of the most automated / roboticized economies in the world. First in terms of robots total and even fifth in terms of robots per worker, despite its huge population. They aren't intending to rely on cheap labor forever.

At 4:00 correction -usd trillions not billions .

It's the largest strength because rural China still has an acceptable fertility rate that they can pump to the cities for economic output. The same is not true for western countries who must rely on this externally instead of internally.

@geofflepper3207

9 күн бұрын

If China's fertility rate overall is only 1.05 and rural areas have higher fertility rates then fertility rates in major Chinese cities must be really low which is what tends to happen in cities with expensive real estate in which people life in apartments. In South Korea the overall fertility rate is 0.72 which is dismal but in Seoul the fertility rate is even lower at only about 0.52 or so I believe. I wonder how low it is in Shanghai.

@zacksmith5644

8 күн бұрын

​@@geofflepper3207 lets do this israel bot Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@monkeeseemonkeedoo3745

8 күн бұрын

@@zacksmith5644 You post the same comment basically verbatim, 'based on your picture', and you call the other guy a bot lol

some numbers are just wrong. china urbanization rate is 65%, not 30%. Also, farmers on some coastal provinces are super well off.

@brianliew5901

10 күн бұрын

As usual, it's all pure BS. 😂😂😂😂

@user-yx3wu8vt2w

10 күн бұрын

Source ? Where did you get your intel from?

@ChoateGo

10 күн бұрын

@@user-yx3wu8vt2w just google it

@brianliew5901

10 күн бұрын

@@user-yx3wu8vt2w The guy got it from the Lies and Propaganda dept.

@geofflepper3207

9 күн бұрын

I think that he is saying that a huge number of people in Chinese cities may live there but have no status as citizens of the city and are officially citizens of rural areas without the same rights as other people living in cities and that they tend to be poorer than other people living in cities. So at times he is grouping rural people who migrated to the cities with rural people who stayed in rural areas.

And despite that issue, China is still a lot richer than India. I compare the 2 countries because they have the same population

@ProudTurkroach

10 күн бұрын

China had a visionary leader in 1970s India found one in 2014 They had over 4 decades of headstart

@zacksmith5644

7 күн бұрын

​@@ProudTurkroachBased on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

"All are equal but some are more equal than others," -Animal Farm

@zacksmith5644

8 күн бұрын

In China everyone is equal In usa : your skin color makes u equal

The hukou system creates the "Chinese NIMBYs." The first time to hear this, but its very spot on.

The thumbnail map is MISLEADING. Heilongjiang is one of the most economically deprived provinces of China P.S. maybe not as poor as, say, Tibet, but still pretty damn poor

@brianliew5901

10 күн бұрын

Heilongjiang Province is not in China Proper as China Proper consists of 18 provinces only.

@igoryegin9531

10 күн бұрын

@@brianliew5901 you're right, my bad

@aira4739

10 күн бұрын

Jilin also deprived but only economically. But both of provinces are relatively good when measured by HDI scoring more than 0.74

@venanziadorromatagni1641

10 күн бұрын

@@brianliew5901I’m sorry I must have missed when he said that they’re only doing a ‘China proper’ comparison. Do you have a timestamp?

@igoryegin9531

10 күн бұрын

@@venanziadorromatagni1641 I edited the comment after @brianliew5901 pointed it out to me

I love the video like usual, but my only complaint is that China isn’t really communist anymore, not in the slightest. It’s more of a technocratic state

@roboticshulk9468

10 күн бұрын

And as usual the first part of my comment was fully sarcastic

Imo the most important thing is to invest in education and every infrastructure related to it. As with education and skill fullness, and as history showed us, civilizations will thrive especially today considering (a part from russia and israhell) no one wants to conquer no one

so how many year need to liverpool worker to buy london main street house?. maybe there ,rich russian already have the london city. many province has many standard income and cost of living.

These are emperors in XI dynasty

@marcussver620

10 күн бұрын

Exactly

Even their richer regions are now struggling

@brianliew5901

10 күн бұрын

Like Beverly Hills?

wow physics also works the same in China??

omg, this uk accent drives me crazy

Always hilarious to me when people think that the CCP is communist.

@SatanBla

10 күн бұрын

It is. Communism isn’t egalitarianism.

@jessicahansen1288

10 күн бұрын

@@SatanBla Marx envisioned a classless, stateless society. A hyper unequal authoritarian society is neither. The CCP itself admits this btw - they claim that the current state of affairs is a temporary and necessary evil on the path towards real communism (it isn't, but they can't admit that).

@OnlineEnglish-wl5rp

10 күн бұрын

@@SatanBla It just so happens to use the exact same economic system as other capitalist countries...

@SatanBla

10 күн бұрын

@@OnlineEnglish-wl5rp Not exactly. China uses SME (socialist market economy).

@jessicahansen1288

10 күн бұрын

@SatanBla Simply using the word "socialist" doesn't make it so.

“Millions of Han Chinese stem graduates” and that’s the problem right there since power is consolidated by one ethnic group at the expense of the others

@shafsteryellow

10 күн бұрын

Cap.

@sulemandawood5955

10 күн бұрын

92% of China is Han. This doesn't mean anything

@navinthehouse4710

10 күн бұрын

​@@sulemandawood5955 TBF many identify as Han, but they aren't actually

@blazer9547

10 күн бұрын

What is han if not for self identification?​@@navinthehouse4710

@dangin8811

10 күн бұрын

Thats totally idiotic.

I think you should make a video on India's takeover of chabahar port and its impact on regional geopolitics

I swear Chinese AI generated bot texts on every single video that criticizes China is DAMN FUNNY HAHAHAHAHAHAHA

A Brit talking about economic equality. A Brit.

@OnlineEnglish-wl5rp

10 күн бұрын

Why is it bothering you, little Chinaman? There are other videos on here about economic inequality in Britain so why are you being so defensive? You don't even live in China

@zacksmith5644

8 күн бұрын

​@@OnlineEnglish-wl5rp a brit talking about income inequality is like a German talking about affordable cars

@zacksmith5644

8 күн бұрын

​@@OnlineEnglish-wl5rpyayyyy why don't u move back to uk and close your military bases in other nations

@sisisijajsjssjsns

8 күн бұрын

He already made videos about British inequality

China is a bussiness

I think a lot of your data are outdated. Just look at your example at 7:24 mark and that is in 2015 and we are now in 2024, China today has a working population of 740 million and skill worked force of 200 million (60 million of these are considered highly skilled work force).. I would suggest you dig out some of the more recent data and make. And as for best way to stay on top of the news, use the present day data rather than 2015 data. You are 10 years behind.

@tcxnt5442

4 күн бұрын

Because this video is bullshit popaganda, they did that deliberately

China really needs to invest more in rural development then

Communism where the money/power is concentrated on the selected few😂

@alexeistrife56

10 күн бұрын

China doesn't even claim to be Communist itself, bro.

@user-yx3wu8vt2w

10 күн бұрын

@@alexeistrife56 what is CCP then?

@user-fl4ko3mp1s

10 күн бұрын

Or rather , it claims to be communist , but is actually socialist/ capitalist

@alexeistrife56

10 күн бұрын

@@user-yx3wu8vt2w The Communist Party of China. A country's proclaimed ideology =/= its economy. The Constitution of the Communist Party of China repeatedly makes the point that they are NOT Communist.

@alexeistrife56

10 күн бұрын

@@user-fl4ko3mp1s It does explicitly the opposite of that. It claims to NOT be Communist even in their own Constitution.