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The bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US. (lemmy.ml)

submitted 5 days ago by yogthos@lemmy.ml to c/economics@lemmy.ml

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https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false

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[–] tastemyglaive@lemmy.ml 1 points 4 days ago

That's not true, unfortunately. Europe is firmly locked into the US system, and French pension protests haven't done a thing about it. It's not for lack of intensity, but lack of organization to receive the political pressure and transform it into results. You're not going to reform your way out of the dictatorship of the bourgeoisie, and the changes I am talking about fall under "security concerns". You are a vassal state of the US. South Korea and Japan have been less compliant than you.