In 2020 there are more billionaires in Asia (799) than in North & South America (734) combined

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn’t China’s working age population already peaked. Low birth rate and no/low immigration in a country that may get old before rich...nobody knows how this will play out...not to mention authoritarianism when they move to a knowledge based economy. It will be interesting and unpredictable

Are you describing the US or China?

^This only sounds clever if you are ignorant.

It sounds clever bc it’s true moron. Get your head out of the sand and stop being one of the fragile, egotistical people one of the PP’s mentioned.

You sound unhinged. And ignorant.

[Anonymous]

It may surprise people to learn that China and India were the wealthiest places in the world during most of the last 2,000 years. It was only after the Industrial Revolution that the West overtook these countries.

Some are making the argument that the large population in Asia makes it poor per capita, and that is true, but is a rapidly industrializing Asia, the level of wealth creation that has taken place, and continues to take place there is almost unbelievable.

The post-WWII period in the US pulled tens of millions of people from the poverty of the Great Depression into the middle class. In last 30 years, China and India have seen hundreds of millions of people rise out of poverty into the middle class.

Asia has seen more people rise out of poverty in the last 30 years than in any other similar period in the history of the world.

Whereas some see the large Asian population as a drag on average per capita income and wealth, it is that large, relatively poor labor pool that will likely keep its economy growing faster than the rest of the world throughout the rest of this century.

[Anonymous]

Anonymous wrote:It may surprise people to learn that China and India were the wealthiest places in the world during most of the last 2,000 years. It was only after the Industrial Revolution that the West overtook these countries.

Some are making the argument that the large population in Asia makes it poor per capita, and that is true, but in a rapidly industrializing Asia, the level of wealth creation that has taken place, and continues to take place there is almost unbelievable.

The post-WWII period in the US pulled tens of millions of people from the poverty of the Great Depression into the middle class. In last 30 years, China and India have seen hundreds of millions of people rise out of poverty into the middle class.

Asia has seen more people rise out of poverty in the last 30 years than in any other similar period in the history of the world.

Whereas some see the large Asian population as a drag on average per capita income and wealth, it is that large, relatively poor labor pool that will likely keep its economy growing faster than the rest of the world throughout the rest of this century.

[Anonymous]

I don't think this trend in extreme poverty in the world reverses, even with covid or other headwinds. Maybe ww3 does... I hope that never happens. Thank the Industrial Revolution for the lives you lead today.

[Anonymous]

Lmao,

This thread is filled with CCP shills.

[Anonymous]

Anonymous wrote:It may surprise people to learn that China and India were the wealthiest places in the world during most of the last 2,000 years. It was only after the Industrial Revolution that the West overtook these countries.

Some are making the argument that the large population in Asia makes it poor per capita, and that is true, but is a rapidly industrializing Asia, the level of wealth creation that has taken place, and continues to take place there is almost unbelievable.

The post-WWII period in the US pulled tens of millions of people from the poverty of the Great Depression into the middle class. In last 30 years, China and India have seen hundreds of millions of people rise out of poverty into the middle class.

Asia has seen more people rise out of poverty in the last 30 years than in any other similar period in the history of the world.

Whereas some see the large Asian population as a drag on average per capita income and wealth, it is that large, relatively poor labor pool that will likely keep its economy growing faster than the rest of the world throughout the rest of this century.

Except as technology rapidly progresses and AI replaces lows skill, low education labor no one will need all of those people in the workforce anymore. That gigantic pool of poor and lowly educated labor all over Asia will no longer have jobs, and there will be massive social unrest because they won't be able to work to survive. It'll mean gigantic amounts of huge UBI for billions of people on the continent that will hamstring nations in Asia.

[Anonymous]

Anonymous wrote:Lmao,

This thread is filled with CCP shills.

Racist.

[Anonymous]

Anonymous wrote:Lmao,

This thread is filled with CCP shills.

Yes, the IMF and World Bank are CCP shills.

I, for one, will be relieved when this short, dark era of ignorance is over and we return to giving credence to thoughtful people.

Feel free to keep your head in the sand denying the realities of the world.

Your intelligence is lacking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lmao,

This thread is filled with CCP shills.

Yes, the IMF and World Bank are CCP shills.

I, for one, will be relieved when this short, dark era of ignorance is over and we return to giving credence to thoughtful people.

Feel free to keep your head in the sand denying the realities of the world.

Your intelligence is lacking.

Do you really want to talk about the “realities of the world” — like how one becomes rich in China?

Want to talk about how it has everything to do with your family and their standing with the Party and those currently in power?

Want to talk about slave labor?

I thought not.

[Anonymous]

The hate is bubbling in this one^

[Anonymous]

Anonymous wrote:The hate is bubbling in this one^

+1. Almost seems like they were personally burned by China or something. I hope they’re not one of those sickos going around harassing and assaulting Asians in this country.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The hate is bubbling in this one^

+1. Almost seems like they were personally burned by China or something. I hope they’re not one of those sickos going around harassing and assaulting Asians in this country.

No offense to the people of China, but we don’t need anymore cheap plastic crap made in China. The US is solely to blame for getting involved in outsourcing everything. We were moving along smoothly until pure greed took over. I remember a time before everything was Made in China. Again, not blaming the Chinese people, they had nothing to do with this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The hate is bubbling in this one^

+1. Almost seems like they were personally burned by China or something. I hope they’re not one of those sickos going around harassing and assaulting Asians in this country.

No offense to the people of China, but we don’t need anymore cheap plastic crap made in China. The US is solely to blame for getting involved in outsourcing everything. We were moving along smoothly until pure greed took over. I remember a time before everything was Made in China. Again, not blaming the Chinese people, they had nothing to do with this.

Did you know it's consumer driven? People want cheap stuff. Factories take orders and requirements from U.S. businesses. They make whatever you want.

[Anonymous]

and all went to TJ

[Anonymous]

Anonymous wrote:The hate is bubbling in this one^

Nope. I have worked with some Chinese nationals that are in this class of people, and they have explained to me how it works.