• marl_karx@lemmygrad.mlEnglish
    0·
    2 days ago

    well, the gdp before 1950 is really negligible and probably mostly based on estimates (bc of the few data points on this chart and bc china wasnt unified). qing economy was really bad and outdated, also the usa wasnt in a constant state of civil war and external invasions in their home territory 1870-1950. not to discredit chinas incredible economic growth, i think more states should copy this model, but a country with that many people would probably experience gdp growth under any system that industrialises and has peace and a working government. maybe not as fast, but still. compare india to china in the same timeframe and you will see how enormously faster chinas growth is, even though they both started from basically 0. and ppl still say socialism doesnt work haha

          • alfredon996@feddit.it
            0·
            2 days ago

            Well…, total GDP (unlike GDP per capita) is not a good measure of the well -being of a nation, a country with a large population can have a very high GDP but a poor standard of living

            • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
              0·
              2 days ago

              GDP per capita isn’t a measure of standard of living either. For example, a country with a high level of exploitation will have high GDP per capita. There are plenty of better measures for the standard of living such as Physical Quality of Life Index. And there is plenty of evidence that the standard of living in China has been increasingly steadily.

              • alfredon996@feddit.it
                0·
                2 days ago

                GDP per capita isn’t a measure of standard of living either

                Sure, but it correlates well with it

                And there is plenty of evidence that the standard of living in China has been increasingly steadily.

                Yes, but only since Deng reforms. Before them China was a stagnant country

                • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
                  0·
                  2 days ago

                  Sure, but it correlates well with it

                  Only in a sense that western nations that have been traditionally exploiting the Global South have enjoyed an overall higher standard of living as a result.

                  Yes, but only since Deng reforms. Before them China was a stagnant country

                  That’s completely and utterly false. I can recommend a book on the subject if you genuinely want to learn about the development of China https://redletterspp.com/products/chinas-great-road