SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (186302)3/30/2012 2:27:42 PM
From: bentway  Respond to of 542154
 
I can see how that would be happening in China. My mom visited China as part of one of the first groups when Mao was still running the place, for a month. She loved the deeply historic cities, but hated the countryside, because of the accommodations and the smell. In the rural rice-growing villages, the people collected their waste in buckets and used it to fertilize the crops - including my mom's wastes!

She met a circuit doctor in a rural village that spoke English. She learned that he didn't make any more that the farmers in the village, under Mao, a communist purist. Entrepreneurs were nonexistent.

Today,hundreds of millions of Chinese make more than both. But as in any early capitalist country, some will be making a LOT more - the entrepreneurs. I see that as changing over time.



To: KyrosL who wrote (186302)3/30/2012 10:08:18 PM
From: Bread Upon The Water  Read Replies (1) | Respond to of 542154
 
"Actually, China's income distribution is deteriorating much faster than the USA, and already China is more unequal than the USA."

This may be the reason China (the Communist Party) has put on hold/prohibited a bunch of high rise real estate projects from moving forward. It can't let too big a gap develop between the growing haves and still huge number of have not's.