A couple years ago the leader of China stated that he wanted to avoid the Thucydides trap and the middle class trap. Western Chinese academics are not very good, they are economic agitators, and we should not be pushing countries, especially China, to evaluate their economies with western methods.
My interpretation of middle class trap was that he wanted to avoid creating the middle class of the type we have in the U.S . Most everyone would agree that our very consumptive lifestyle can not be achieved by everyone, and we are going on a route to have lower incomes in this country, anyway, and will all soon be in the same economic boat, probably in the whole world.
For more understanding of the rise of the middle class, I suggest to read E. M. Forsters book "Howard's End". It is was one of the most influential books that I read in college.
I see that I was using middle class trap instead of middle income trap, but either way, do not say that income level should be higher than that if that is not one of China's goals.
United States and other western countries did the same type of western economic badgering to Japan when they were having economic difficulty, and we have never been forgiven for what we did.
I think Trump was very good in foreign relations. He visited a lot of countries, and it looks like they liked someone who wants to let countries decide on their own, how they should manage their affairs. He was a favored person in Zimbabwe, and possibly other emerging countries, whereas Obama was much despised.
When I was in high school, graduating in 1963, I read a book called "How To Lie With Statistics", which I believe is still in print. Your "inequality" graf would make an excellent illustration. Your graph ranges from 20% to 50%. But percents actually range from, well, 0 to 100. So the apparent size of increases/decreases in percent of income to top 10% folks is more than tripled. Add in the fact that life is incomparably BETTER for almost everyone today than in 1945--not really a good year for anyone, especially for Denmark and Norway--and the whole thing starts to look a bit ridiculous. Yes, it's tough being poor in the U.S. today, but I suspect it beats being a black sharecropper in 1945.
1) Income Equality in the US vs Scandinavia is like one of those state level charts on teen pregnancy where you can spot the Confederacy, except you can find Reagan's bloody fingerprints.
2) "There is a common thread that… you can call… “liberalism”… but… it’s just modernity." Alternatively, the owners keep on fighting to avoid sharing. The what they keep clutching to changes with time.
The Reagan revolution - where the rich revolted.
A couple years ago the leader of China stated that he wanted to avoid the Thucydides trap and the middle class trap. Western Chinese academics are not very good, they are economic agitators, and we should not be pushing countries, especially China, to evaluate their economies with western methods.
My interpretation of middle class trap was that he wanted to avoid creating the middle class of the type we have in the U.S . Most everyone would agree that our very consumptive lifestyle can not be achieved by everyone, and we are going on a route to have lower incomes in this country, anyway, and will all soon be in the same economic boat, probably in the whole world.
For more understanding of the rise of the middle class, I suggest to read E. M. Forsters book "Howard's End". It is was one of the most influential books that I read in college.
I see that I was using middle class trap instead of middle income trap, but either way, do not say that income level should be higher than that if that is not one of China's goals.
United States and other western countries did the same type of western economic badgering to Japan when they were having economic difficulty, and we have never been forgiven for what we did.
I think Trump was very good in foreign relations. He visited a lot of countries, and it looks like they liked someone who wants to let countries decide on their own, how they should manage their affairs. He was a favored person in Zimbabwe, and possibly other emerging countries, whereas Obama was much despised.
China's growth. If China is willing to supply the developing world with the capital is needs to raise real income, it can certainly do so.
When I was in high school, graduating in 1963, I read a book called "How To Lie With Statistics", which I believe is still in print. Your "inequality" graf would make an excellent illustration. Your graph ranges from 20% to 50%. But percents actually range from, well, 0 to 100. So the apparent size of increases/decreases in percent of income to top 10% folks is more than tripled. Add in the fact that life is incomparably BETTER for almost everyone today than in 1945--not really a good year for anyone, especially for Denmark and Norway--and the whole thing starts to look a bit ridiculous. Yes, it's tough being poor in the U.S. today, but I suspect it beats being a black sharecropper in 1945.
1) Income Equality in the US vs Scandinavia is like one of those state level charts on teen pregnancy where you can spot the Confederacy, except you can find Reagan's bloody fingerprints.
2) "There is a common thread that… you can call… “liberalism”… but… it’s just modernity." Alternatively, the owners keep on fighting to avoid sharing. The what they keep clutching to changes with time.