Another relevant image:
this post was submitted on 27 Oct 2024
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Obama’s pivot to ~hating~ Asia~ns~ was in 2009.
all that growth is from chinese imperialism, grueling worker exploitation, and uyghur slave labor & organ harvesting tho
It was actually the establishment of the Chinese National Space Administration in 1993 and the enactment of China's " “Fully Automated Luxury Gay Space Communism" policy.
oh so that is the cost everyone warns me about on truth social!
It's also called "Wat Cost" after Joey Wat who came to the US to get an MBA (read steal the secrets of how to do capitalism better than Americans) and brought it back to China /s
Not only that, but importantly the benefits of economic growth have benefited actual working people instead of just being hoarded by the oligarchs as they happens in the west.
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&locations=CN&start=2008