this post was submitted on 29 Oct 2024
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The number of billionaires in China fell by 36%. In the past year alone, and the collective wealth of the country’s richest people dropped 10%. 🎉 (www.ft.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 24 points 2 weeks ago (1 children)

if China were excluded, the world’s total poverty population would have risen

China is pretty much responsible for all gains against poverty globally for like the last 50 years

[–] [email protected] 6 points 2 weeks ago (1 children)

I heard in American media that it was actually capitalism that did that

[–] [email protected] 6 points 2 weeks ago (1 children)

yeah but if it were capitalism then you'd see similar gains against poverty in India, but... woops