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submitted 3 months ago by [email protected] to c/[email protected]
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[-] [email protected] 7 points 3 months ago

GDP per capita begins to grow consistently only after 1977

[-] [email protected] 12 points 3 months ago

The chart in the submission is using PPP measure, which is what ultimately matters.

[-] [email protected] 2 points 3 months ago
[-] [email protected] 10 points 3 months ago
[-] [email protected] 5 points 3 months ago

Well..., total GDP (unlike GDP per capita) is not a good measure of the well -being of a nation, a country with a large population can have a very high GDP but a poor standard of living

[-] [email protected] 9 points 3 months ago

GDP per capita isn't a measure of standard of living either. For example, a country with a high level of exploitation will have high GDP per capita. There are plenty of better measures for the standard of living such as Physical Quality of Life Index. And there is plenty of evidence that the standard of living in China has been increasingly steadily.

[-] [email protected] -1 points 3 months ago

GDP per capita isn't a measure of standard of living either

Sure, but it correlates well with it

And there is plenty of evidence that the standard of living in China has been increasingly steadily.

Yes, but only since Deng reforms. Before them China was a stagnant country

[-] [email protected] 7 points 3 months ago

Sure, but it correlates well with it

Only in a sense that western nations that have been traditionally exploiting the Global South have enjoyed an overall higher standard of living as a result.

Yes, but only since Deng reforms. Before them China was a stagnant country

That's completely and utterly false. I can recommend a book on the subject if you genuinely want to learn about the development of China https://redletterspp.com/products/chinas-great-road

[-] [email protected] 2 points 3 months ago

This is definitely the kind of data that should be on a log scale if you want to make a visual comparison of growth rates.

this post was submitted on 14 Mar 2025
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