Message from @wuzamarine
Discord ID: 677153150079074310
Individual countries vs a trading bloc
it spread out just to be a pact for trade
What kind of bs is that.
Either way, I was talking about China’s economy
It’s isn’t very good
EU is an economy. It is a shared currency with open boarders.
and somehow it shifted from just being a trading pact into forming the United States of Europe
till Brexit
How has that worked out for ya?
being the United States?
Yeah oh hell no
Conditions in EU are totally different
Anyways that wasn’t my point - my point is China is pretty poor
Their economy is big, which is to be expected as they have the largest population
But still poor
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ
China has 1.3 billion people and more evenly distributed to the common man vs the top 1% in the west.
Evenly poor
Excellent
Less debt
Less debt?
You mean government wise?
If we’re looking at incomes, people in the west are far richer
Especially America
China is pretty poor
China knows what an ROI is
They are the largest economy
yes because they are the largest population.
Doesn’t mean they’re better off, they’re far below in per capita than the west
Like I said - that means lower income
China GDP ppp per capita is 16000
That’s weak.
only because you think an expensive is spendable.
GG @wuzamarine, you just advanced to level 3!
A what?
you can't profit from an expense
I’m not following
Debt comes in 2 formats. Good and Bad debt.
Good debt has an ROI. Bad does not.
Walls have no fucking ROI.
Giving every citizen a home that needs it, does.
I don’t see how this is related to the fact China is poor
In China today, poverty refers mainly to the rural poor, as decades of economic growth have largely eradicated urban poverty.[1][2][3] The dramatic progress in reducing poverty over the past three decades in China is well known. According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms.