Tuesday, February 18, 2020

LOL, what a shock: Chicom state capitalism has produced the most severe income inequality in the world, enriching The Party


According to the Proceedings of the National Academy of Sciences of the United States, China has the world’s highest Gini coefficient, a measurement of inequality. The institute found the gap stemmed from structural problems with China’s political system. State capitalism has been effective in fueling growth in the economy, but worsened inequality because of its inefficient distribution. The downside of China’s state capitalism has been exposed.