Iconoclastes
JF-Expert Member
- May 26, 2014
- 4,091
- 2,509
FYI, the rate of povery in the US is greatly lower than in China. The standards of life in America is also much higher than in China.If you have a man in the state house who understand being poor or even has slightest idea of how it feels being poor I'll agree with what your saying. A billionaire who is surrounded by other billionaire will have the interest of poor man on his heart. Brazil was the land of few rich people who ate everything Brazil could offer, not until a socialist poor trade's unionist came to power and transform what you see Brazil of today. American the land of billionaire with its economic freedom of 200 years, haven't lifted it's poor people out of poverty like the way poor Chinese leaders did in the space of 30 years. Good example, Just a day ago, Tanzanian electrical supply hike the tariffs which could've been a disaster to poor individuals and businesses, today the boss of the company was fired and old tariff was introduced. So when you have 30% of youth unemployment, is the poverty eradication policy works? Vs 10% of youth unemployment on your southern border.
The rapid economic growth in Chana hasnt in fact percolated deep into the society......there are still hundreds of millions of Chinese languishing in poverty, especially in the rural areas.
But that fact is not apparent to the world due to the Chinese authority's tendancy to stifle the flow of information coming out of that country, unlike in America where the flow of information is unbridled.
Again, the spectacular rise of the Brazilian economy, and the subsequent drop in poverty rates there during Lula de Silva's period had less to do with his past economic background or his political ideological leanings.
The external factors and prudent management of the economy by that regime fostered the successes of Brazil in that period, a feat that can be attained even by a person from the elite society and a capitalist to the core.
Brazil in that period during Lula's term was in fact operating largely as a capitalist state as opposed to a socialist one.