Russia is run by oligarchs… Maybe the answer is strong social protections like ensuring that the wealthiest people’s children go to the same school as the poorest people’s children. That way the wealthiest people have incentive to make the schooling system well financed.
China also spreads the wealth out among the population and they’ll execute the wealthy if they break the law. Like the guy who knowingly sold bad baby formula.
It ain’t perfect, but they’re doing pretty well in their transitionary socialist state.
China doesn’t spread the wealth out though. The inequality is huge and obvious.
Yes, it’s not US bad. And almost everyone has a house and food, which is a solid baseline.
But the PRC’s social structure has ossified and is already growing inequality gaps, and poor folks often can’t afford to get ill or injured.
Sometimes bad oligarchs get executed (we don’t get told how many folks get executed a year), but only after massive outcry and government assisted cover ups fail.
Better for the poorest than the US seems a pretty low bar. Better for the globe as a whole though, so that helps too
Who said anything about Russia? Do you assume any leftist supports Russia? Do you think those who support Russia support it because it’s Russia, or because it’s the west on the other side?
I do wonder how much the North American number is inflated by our housing bubble. I’m living paycheck to paycheck but on paper my house puts me half way there asset wise.
Russia is run by oligarchs… Maybe the answer is strong social protections like ensuring that the wealthiest people’s children go to the same school as the poorest people’s children. That way the wealthiest people have incentive to make the schooling system well financed.
Edit Apparently my China fact is wrong. Whoops.
That’s definitely not true
China also spreads the wealth out among the population and they’ll execute the wealthy if they break the law. Like the guy who knowingly sold bad baby formula.
It ain’t perfect, but they’re doing pretty well in their transitionary socialist state.
China doesn’t spread the wealth out though. The inequality is huge and obvious.
Yes, it’s not US bad. And almost everyone has a house and food, which is a solid baseline.
But the PRC’s social structure has ossified and is already growing inequality gaps, and poor folks often can’t afford to get ill or injured.
Sometimes bad oligarchs get executed (we don’t get told how many folks get executed a year), but only after massive outcry and government assisted cover ups fail.
Better for the poorest than the US seems a pretty low bar. Better for the globe as a whole though, so that helps too
Who said anything about Russia? Do you assume any leftist supports Russia? Do you think those who support Russia support it because it’s Russia, or because it’s the west on the other side?
You got a source for that millionaires per capita thing? China’s Gini coefficients are roughly on par with Western Europe
I do wonder how much the North American number is inflated by our housing bubble. I’m living paycheck to paycheck but on paper my house puts me half way there asset wise.
I stand corrected. Apparently I pulled that number out of my ass because I can’t find a valid source for it.