logoalt Hacker News

janalsncmyesterday at 4:58 PM1 replyview on HN

To steel man the person you are replying to, what reduced poverty in China was money from globalism + significant domestic reinvestment of that money into poverty reduction. That reinvestment policy was a deliberate choice, and now China has the biggest middle class in the world.

An example of a country which didn’t do that is Nigeria. They got something like $300B in oil revenue over a 30 year period but have actually seen significant increases in poverty, now at 70%.


Replies

chaostheorytoday at 12:04 AM

Who cares if another country didn’t take advantage of globalism? This doesn’t weaken my argument that globalism is what helped China rise again from centuries of mismanagement and neglect

show 1 reply