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Re:A chat with Ray Dalio by DwnVoteHoneyPot on Sunday June 12, 2022 @05:55PM (#31718659)
If China and India are going to be so great, why aren’t they so great already? Taiwan, Hong Kong, Singapore, Japan, Korea all industrialized faster and have a higher standard of living - all did it in the 1980s - 40 years ago.
Re:A chat with Ray Dalio by dirtyid on Sunday June 12, 2022 @08:18PM (#31719548)
Singapore aside, they all did it under authoritarian governance with massive US/western support at peak of US hegemony as essential vassals. They played great on easy mode. VS PRC which was sanctioned/contained by west, India less so but never the less got fucked with but held back by messy democracy that can't put together an industrial policy. And great is relative, high gdp / standard of living is great for citizens, and ultimately that matters a lot. But a country in terms of comprehensive power can be "great" via modest income and sheer scale, i.e. PRC who developed indigenous military, space, nuclear program (all while sanctioned) and essentially every industrial sector has much more comprehensive power than a Asian Tiger that's dependent on US protection and got US credit card for basically playing part in coldwar PRC containment. PRC generally industrialized faster than any of these countries after detente, through much more sectors, but simply have too many people to ever reach parity per capita income. PRC is doing well on hard mode. Not to mention US aligned authoritarian petro states like Qatar, UAE, somewhat Brunai also do much better than the Asian Tigers. At end of day, being small/medium size country under US patronage get rich. Being authoritarian helps, being a resource based economy helps more. But geopolitically, "greatness" extends to more domains than just standard of living. Otherwise, UAE is greater than US. Except they're obviously not.
Re:A chat with Ray Dalio by drexlspivey on Sunday June 12, 2022 @07:38PM (#31719316)
According to the world bank China lifted 800m people above the poverty line in 30-40 years. Let that figure sink in for a minute.
Re:A chat with Ray Dalio by DwnVoteHoneyPot on Monday June 13, 2022 @02:12PM (#31729210)
HK, Singapore, Japan, Korea, Taiwan all add up to 200m.
Re:A chat with Ray Dalio by MisterMower on Monday June 13, 2022 @12:55AM (#31721333)
It only took decades of communist oppresion and engineered famines and forced abortions and slave labor camps to get there! I know, I know, details.
Re:A chat with Ray Dalio by pm90 on Sunday June 12, 2022 @07:47PM (#31719370)
HK, Singapore: City states with (relatively) tiny populations. Acted as capitalist hubs/entry points to larger economies (PRC, Malayasia, SE Asia etc).

Japan, Korea, Taiwan: Massive financial aid from the west, favorable trade deals for being strategic allies of the west.

This isn’t to say that the people in these countries didn’t work to get where they are; they could have absolutely fucked it up. But it’s important to understand structural reasons for why some countries develop faster than the others.

Upto the late 18th century, South + East asia were absolutely the dominant economic powers of the world accounting for over 50% of the worlds GDP. Colonialism was a huge setback but both China and India (+ other South/East Asian nations like Bangladesh) are rapidly industrializing.

Re:A chat with Ray Dalio by ectopod on Sunday June 12, 2022 @06:05PM (#31718718)
Those countries had been laying the foundations since WWII. China didn't get going until after Mao's death in 1976.
Re:A chat with Ray Dalio by swman on Sunday June 12, 2022 @06:15PM (#31718780)
India got independence in 1947... from the British Empire.

USA has been independent since 1776.

And notice I said "century". Were you educated in America?

Re:A chat with Ray Dalio by DwnVoteHoneyPot on Monday June 13, 2022 @03:19AM (#31722285)
So what if you said century. Time doesn’t stop for other countries. They’ll continue to progress, unless they become like Hong Kong and China takes them over - which is another clue for you to ignore.

No I wasn’t educated in America, not do I live there. You’re moving to personal attacks because you have nothing else.

Re:A chat with Ray Dalio by swman on Monday June 13, 2022 @12:07PM (#31727442)
I said "they will dominate the next century" which means you misread what I wrote and asked something about now.

Its not my fault your reading comprehension sucks.