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Re:Reasons the banking crisis isn’t a repeat of 2008 by FredPret on Saturday March 25, 2023 @02:02AM (#35299928)
That isn’t true - the US has 39% of all millionaires, and China has 10%. [0]

Clearly a lead that can be overcome, but now with China’s turn back to proper communism, they will probably never get there.

[0] Page 27: https://www.credit-suisse.com/media/assets/corporate/docs/ab...

Re:Reasons the banking crisis isn’t a repeat of 2008 by ljf on Saturday March 25, 2023 @04:47AM (#35300753)
Very interesting figures. Crazy that the US increased by 10% and China by 20% in a year (and during covid) - but there is still a large gap between the figures. In a decade they may converge, but not yet.
Re:Reasons the banking crisis isn’t a repeat of 2008 by tomcam on Saturday March 25, 2023 @05:42AM (#35301044)
China is not, of course, turning back to proper communism. It is a wildly corrupt dictatorship, and will be for the foreseeable future. It was an oligarchy for many generations (traditionally, their central committee was allowed to preserve opposing opinions among factions, a practice Xi extinguished), but Xi has definitely removed the vast majority of his competent opponents.