I keep seeing this term, can you translate it to American? Is it referring to anyone obsessed with sex, or specifically people who commit sexual assault?
Wouldn't a lower number of billionaires to a higher amount of profits be more favorable to everyone except billionaires? So that particular example actually favors the system in the USA, oddly.
Of course, GDP only accounts for excess goods and services sold to other nations, which for the USA includes financial services like trading platforms and exchanges, heavily skewing their actual production capacity.
It's worth noting, though, that this doesn't take into account the levels of inequality beyond comparing numbers of billionaires/non-billionaires.
The Gini coefficient is a popular method of measuring economic inequality, on a scale from 0 (total equality) to 1 (one person owns the entire nation's wealth).
It's a good thing that all that time and resources and blood was spent making the CCP the only instrument of significant political power in China so they could [check notes] as a much-poorer country, have about the same number of billionaires as the poster country for capitalism!
Yup China has the fastest growing billionaire and millionaire class. It's no more socialist than America but we need a boogy man, as long as that antagonist isn't capitalism the wheels towards the cliff will keep turning.
It's an authoritarian country where labour unions are illegal and the ruling party is dominated by wealthy billionaires. They spew out xenophobic propaganda that claims that foreigners want to repeat the humiliations of the past (over a century ago) and therefore they need strongmen to protect the people.
We probably should just call them fascists, but since they say they're socialists we believe them. Fascists would never claim to be socialists, they're known to be super honest about that kind of thing.
Labor unions are not illegal. They send a packet of meats to my girlfriend every year. The problem is that this is that only thing they are allowed to do
It's a stupid comment practice where they claim ownership of their comment and place what they think is a binding and effective license against AI using that comment.
It literally does nothing. This is the modern equivalent of making a post on Facebook to assert that you have rights and control of your comments there.
Beyond the tools for editing and deletion you have no such rights in the Fediverse and it's a good way to demonstrate you don't understand how anything works.
Nothing stops anyone or any entity from indexing, ingesting, or scraping federated content.
I mean you could argue an end goal is every person having the effective wealth of a billionaire in terms of being able to have what they need right when they need it and being able to enrich their lives without worry for losing money that might be needed for an emergency later, but that specific stretch point is so far into a post scarcity future it is only a slight exaggeration to say it's literally the "Fully Automated Luxury Gay Space Communism" meme but as an actual civilization.
Socialism:
A system of government where the country's wealth is concentrated into a small, ruling class of billionaires, who use the media they own to keep the lower classes fighting with each other while they . . . the rich . . . run off with all the farking money.
Oh wait. that's capitalism. I don't know how I got those two systems confused.
Since China's economic reforms in the 1980's, 700 million Chinese people have been lifted out of poverty, accounting for three quarters of worldwide poverty reduction during that time.
Do people here think China should've continued Mao's economic policies? Or do you think the correct path is somewhere in between Mao and Deng? Or are y'all just looking to criticize China regardless of what they do or what the results are, to performatively demonstrate your loyalty to the US government?
You don't have to answer that. I've asked it many times and I know none of y'all have an answer to it, beyond calling me a bot or foreign agent, to avoid the question and to performatively demonstrate your loyalty to the US government. I'd love for someone to prove me wrong, but I also know it won't happen.
Well, I dont think they are socialist, not in the traditional term, but 100% they are not capitalists at all, not like any capitalist experience we had. Until a better one I always call it a post-capitalist technocracy.
Interesting, how do you feel about uyghurs? Also, are you aware that some of these people "lifted out of poverty" were folks in rural areas who were totally fine where they were at. I'm not a big fan of the US government either or other bodies that seriously impinge human rights. I think a correct path forward for China economically is somewhere close to where they're at now but with more civil liberties.
Also, are you aware that some of these people “lifted out of poverty” were folks in rural areas who were totally fine where they were at.
That's... certainly a take, alright. I suppose it's possible that hundreds of millions of rural Chinese were voluntarily choosing to live in extreme poverty out of some sort of commitment to asceticism. I'll admit that this was not a possibility I had considered before.
I think a correct path forward for China economically is somewhere close to where they’re at now but with more civil liberties.
So then the billionaires aren't the problem you have with China then, if I'm understanding you.
I mean that's a decent point. More government involvement in the economy, strong regulatory oversight, can stop capitalism from becoming destructive. It's just that even China's level of government intrusiveness isn't enough.