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A comment on Is the world economy entering a wage-price spiral?. Parent comment

Re:Is the world economy entering a wage-price spiral? by esailija on Wednesday October 20, 2021 @03:25AM (#28927777)
Global poverty has improved mostly due to China, which is total opposite of neoliberal policy (privatisation, deregulation, austerity [allowing rich to pay less taxes while taking the necessary tax money via cuts to social programs] etc).

And if there is any improvement in neoliberal poor countries it is because of the definition of "extreme poverty" used is based on nominal dollar value disconnected from material reality.

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Re:Is the world economy entering a wage-price spiral? by thow-58d4e8b on Wednesday October 20, 2021 @04:53AM (#28928354)
In other news that are never mentioned in western media - the top three countries based on long-term economic growth are Laos, Vietnam and China. The only three countries that are both enmeshed in global trade, while also being run by communists. Surely just a coincidence
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Re:Is the world economy entering a wage-price spiral? by dragonwriter on Wednesday October 20, 2021 @05:09AM (#28928470)
> In other news that are never mentioned in western media - the top three countries based on long-term economic growth are Laos, Vietnam and China.

I’m having trouble finding a data set and definition of “long term” that supports that top-3 ranking, care to share yours?

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