I'm really surprised that China of all places has ultimately proven comrade Ronald Reagan right but the numbers don't lie. The average Chinese citizen is benefiting under lower taxes, higher pay and a better HDI than ever before all thanks to Chinese Reaganomics.
As an avid socialist I have to admit that when I learned the unassailable truth not long ago of how status quo American-style mercantilist capitalism so capably wielded by the ruling party of China was the only way to a real worker's paradise I was quite flustered. Was all that time I'd spent studying the thoughts and deeds of men who've seldom been able to make a simple command economy function longer than an American highschool summer break in a country larger than Wisconsin all for naught?
Share your thoughts on Chinese Reaganomics in this ITT thread
Capitalism worked better in China because Maoists are literal retards and tried to force socialism in an undeveloped country. The PRC still has a rapidly growing social welfare expenditure, which is anathema to a SMOL GUBBERMINT American conservacuck.
Jason Robinson
I'm not a dengist but I'm gonna start posting this everytime you make this thread
Literally if you consider Farmers to have near zero income, and then make them factory workers with the same living standard but with money to barely feed themselves instead of sufficiency farming, you get a huge increase in reported income without anything having improved
Grayson Davis
Why are you posting this thread again? You have already been btfo. China is successful because of public sector first and private sector latter. They have highly funded education, healthcare and science sectors that are leading China's growth. In other words, they are successful because they fund and support industries and not because of privatization or other western nonsense. China is market economy, but it's controlled market, rather than leizer crap nonsense.
Adrian Bell
got a pdf of that book ?
Easton Smith
If I recall correctly, he posted the book the first time he made the thread.
Thomas Harris
But China is already organized under a socialist model.
Henry Parker
Epic
Carson Wood
topkek
Jace Perry
didn't Stalin do the same exact thing? it worked in his country.
Blake Lee
They also have five year plans, state ownership or plurality ownership stakes in a majority of the economy, and the death penalty for corporate crime.
China's financing industry is completely different from what you'd see in a typical neoliberal capitalist society. I'd say it's a lot more like what we'd see under Communism than Capitalism tbh, even though China is still essentially C-M-C.
Christian Perez
This guy is literally (literally) literally the only useful post in this thread.
Andrew Wright
If I see that fucking cat one more time.
Yeah, I'm sure their empty vanity cities ( afr.com/news/world/asia/chinas-ghost-cities-and-their-multibilliondollar-debt-20180404-h0ybjz), concentration camps and controlled media etc. have been the real source of their recent economic success. It's totally not the new things they've been trying in the form of participating in conventional market economics, inviting foreign investment or having tax rates lower than or highly competitive with most other developed nations that don't even purport to be Socialist, let alone Communist, themselves (en.wikipedia.org/wiki/List_of_countries_by_tax_rates ; ft.com/content/9cbfac2c-7db8-11e8-bc55-50daf11b720d). Added to that, a distinct lack of the wasteful "humanistic" cosmopolitanism plaguing western nations, surely it's because of the same stupid authoritarian command economy shit they'd been doing unsuccessfully for the 60 years prior lmoa
See graph and that big fat flatline during the Zedong regime
Never forget that "the largest population boom in human history" would have been a mass extinction event without American scientist Norman Borlaug
liberalizing industry is not the same as having capitalism. China literally does all the investment themselves, there are no independent financial actors (aka capitalists)
Matthew Johnson
The fuck is Jack Ma then laddie?
Joshua Torres
an American?…
Joshua Howard
This man is American?
Hudson Scott
lol
I guess we'll just ignore the Chinese millionaires buying up parts of Canada and Australia then huh
>Ma applied for 30 different jobs and got rejected by all. "I went for a job with the police; they said, 'you're no good'", Ma told interviewer Charlie Rose. "I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy …"
I don't see how engaging in trade with capitalist nations immediately makes you capitalist
Noah Morgan
The company was founded and is located in Hangzhou, China.
Benjamin Hall
pure delusion
Dylan Edwards
The Land That Failed to Fail [Thanks in large part to Chinese Reaganomics]
In the uncertain years after Mao’s death, long before China became an industrial juggernaut, before the Communist Party went on a winning streak that would reshape the world, a group of economics students gathered at a mountain retreat outside Shanghai. There, in the bamboo forests of Moganshan, the young scholars grappled with a pressing question: How could China catch up with the West?
It was the autumn of 1984, and on the other side of the world, Ronald Reagan was promising “morning again in America.” China, meanwhile, was just recovering from decades of political and economic turmoil. There had been progress in the countryside, but more than three-quarters of the population still lived in extreme poverty. The state decided where everyone worked, what every factory made and how much everything cost.
The students and researchers attending the Academic Symposium of Middle-Aged and Young Economists wanted to unleash market forces but worried about crashing the economy — and alarming the party bureaucrats and ideologues who controlled it.
Late one night, they reached a consensus: Factories should meet state quotas but sell anything extra they made at any price they chose. It was a clever, quietly radical proposal to undercut the planned economy — and it intrigued a young party official in the room who had no background in economics. “As they were discussing the problem, I didn’t say anything at all,” recalled Xu Jing’an, now 76 and retired. “I was thinking, how do we make this work?”
[…]
China now leads the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires. Extreme poverty has fallen to less than 1 percent. An isolated, impoverished backwater has evolved into the most significant rival to the United States since the fall of the Soviet Union.
Literally every “Asian Tiger” economy that saw astronomical growth in the last century was a command economy of some description, the major difference between China and other Asian Tigers is that the other Asian Tigers focuses on massive corporations which would follow directives from the state on where and when to build, what to produce, etc while China has focused more heavily on State-Owned Enterprises and curating a private sector that the state holds massive stakes in. en.m.wikipedia.org/wiki/List_of_state-owned_enterprises_of_China
This is exactly what anticommunists do when talking about really existing socialism, so i think its only fair game to apply the same standard to capitalism.
Logan Young
Is this peak brainlet? I don’t believe that China is still socialist but to describe their mode as neoliberal, Reaganomics or even plain classical Western capitalism is just absurd.
Robert Kelly
The fuck is this shit? They’re acting like China in 1984 was still under Mao when it well into Deng’s term. You know, the guy famous for having liberalized the Chinese economy.
What’s more, it doesn’t describe “Reaganomics” but very mild market reforms.
Oliver Johnson
Mao Zedong fell from grace in the late 50s, pegged with the failure of the Great Leap Forward, but came back into power in the mid-60s with the Cultural Revolution.
Your charts suggest that Mao was, in fact, really good for the economy.
Man, with millions of small businesses being created every year and nearly a million foreign firms like Kentucky Fried Chicken operating relatively freely Communist China is probably the most business-friendly economy on Earth. Chinese Reaganomics in action!
Out of that entire article could you pick out anything more irrelevant than "what the authors are acting like" as an argument against the point of economic liberalization (Chinese Reaganomics) being the driving force of China's very recent flirting with objective economic success on both the macro and micro-economic level?
Seeing as the graph starts in 1970 and things only begin to really accelerate for China (China being represented by the red line, in case you'd missed that) in the mid 90s well over a decade after Mao died I'd have to clap back against that.
Whoops, not sure how that got there. Not really worth deleting the post though.
Henry Robinson
Pushing back against Blumpf's National Capitalism with Chinese Reaganomics
rate
China plans income tax breaks to boost consumption
BEIJING (Reuters) - China’s parliament moved on Friday to raise the threshold for collecting income taxes, the first major adjustment in seven years, in a bid to boost incomes and personal spending power in a slowing economy.
The threshold for collecting income taxes will rise to 5,000 yuan ($732.21) per month from 3,500 yuan, according to the amendment passed in parliament on Friday.
Taxpayers also will be allowed to deduct expenses related to children’s education, interest on home mortgages, housing rent and treatment for serious diseases.
The change to the income tax threshold will take effect on Oct. 1 this year, while rest of the amendment will go into effect on Jan. 1 next year.
It is the latest move by China’s policymakers to cut taxes for companies and individuals in hopes of spurring growth in the world’s largest economy amid an escalating trade war with the United States.
[…]
Minister of Finance Liu Kun said in June that the planned changes to the individual income law would lead to tax cuts of varying degree for all taxpayers, especially low and middle-income earners, according to the official Xinhua News Agency.
For taxpayers earning a monthly salary of around 10,000 yuan ($1,463.55), their tax burden will fall by 70 percent, state broadcaster CCTV said in a report.
mildly unrelated to the thread i guess, but what is that pic? Tactical police nuke?
Nathaniel Edwards
It seems inevitable doesn't it? Chinese Reaganomics has proven itself to be perhaps the ultimate economic system and the envy of the whole world. Reaganomics finally as envisioned by the Ronald Reagan (the man whom the "Reaganomics" in "Chinese Reaganomics" is named after) a noble vision no longer held down and back by the follies of the American two-party legislative gridlock or the curiously private Federal Reserve central bank that acts openly against the government and people it's supposed to serve through timely interest rate manipulation..
Whether China acquiesces to Trump's pugnacious, too-little-too-late economic policies and lowers their own market barriers or waits out the next two years they are in position to win in due time regardless. They have only just begun to experiment with Chinese Reaganomics and simply by virtue of having a population four times that of the US there seems to be no stopping their real great leap forward. A great leap forward into the soft but firm arms of the 40th president of the United States of America: Ronald Reagan.
Looks like a cement mixer but I think it's something they use to safely dispose of small improvised explosives and the like
all these posts about GDP and per capita growth, but nothing about how China isn't a command economy. sad!
Levi Young
Social Credit > Money
Camden Hall
First, not all liberalization is Reaganomics you fucking tard.
Second, your graph suggests that Chinese manufacturing output only really took off in the new millennium, Deng and the other Chinese market reformists saw about the same amount of growth in industrial output as Mao.
