RE: The Official "Damned Trump" Thread
November 5, 2019 at 11:34 am
(This post was last modified: November 5, 2019 at 11:37 am by Deesse23.)
(November 5, 2019 at 10:21 am)Dmitry1983 Wrote:China has <10% since 2008, its on decline since then. Id call that a trend. Ever wondered why? According to your theory, because they became more socialist, right? Because growth = level of capitalism.(November 5, 2019 at 9:57 am)Deesse23 Wrote: Its not even 7%.Since adoption of capitalist model in early 80s Chinese GDP grew at 9.4% on average. China alreadly has larger economy than US.
Current slowdown is likely caused by the trade war.
US GDP is growing at 2.5% substantially below historical average 4%.
Europe is growing at 1.3%.

Did you ever consider its easy to grow, when you start from a low level to begin with?

Did you eve bother to google the growth rate of the german economy post-1945? Looks like we went from an posterchild capitalist state to a socilaist one. The truth, however, is completely different. But why would i bother to explain further to a bottomless pit of ignorance like you?
(November 5, 2019 at 10:21 am)Dmitry1983 Wrote:How many people does China have? The US? Dude, dont compare absolute numbers, China (and India) have a category of their own. When did you drop math? In middle school?(November 5, 2019 at 9:57 am)Deesse23 Wrote: China is anything but capitalist.China is so communist it is 2nd by number of billionaires after US.
Stop reading propaganda.
You are also stuck in the false dichotomy of capitalism vs socialism/communism. Thats so cold war Reagan 80s, kid. Chinas economy can best be described as a "free market economy", based on free trade with (more or less) influence/regulation by government. Its exactly the same most EU (and many other non US) countries have. Like i said, the authoritarian government however muddies the waters, and so there is still not consensus if China exactly matches this desription.
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