this post was submitted on 06 Jan 2024
34 points (97.2% liked)

China

2026 readers
50 users here now

Discuss anything related to China.

Community Rules:

0: Taiwan, Xizang (Tibet), Xinjiang, and Hong Kong are all part of China.

1: Don't go off topic.

2: Be Comradely.

3: Don't spread misinformation or bigotry.


讨论中国的地方。

社区规则:

零、台湾、西藏、新疆、和香港都是中国的一部分。

一、不要跑题。

二、友善对待同志。

三、不要传播谣言或偏执思想。

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 10 months ago* (last edited 10 months ago)

You can see all these points made in the opposite direction when they talk about US GDP increasing. Many liberal economists have been utterly bamboozled by the concept of "the economy" doing better while public sentiment is very unhappy, but it makes total sense if, completely unlike China, "the economy" improving is actually only synonymous with "capitalists getting richer". It's also why we need better measures than GDP if we're going to do actual economic analysis. These neoclassical economist dipshits would have you believe that doubling your food prices is actually good and a sign of a successful economy because it means that the GDP number goes up.

At this point, I think of the US GDP going up (in lieu of deeper statistics) as a sign that the economy - as in, the actual one that 90% of the population live in - is getting worse, not better.