Despite the US’s economic success, income inequality remains breathtaking. But this is no glitch – it’s the system
The Chinese did rather well in the age of globalization. In 1990, 943 million people there lived on less than $3 a day measured in 2021 dollars – 83% of the population, according to the World Bank. By 2019, the number was brought down to zero. Unfortunately, the United States was not as successful. More than 4 million Americans – 1.25% of the population – must make ends meet with less than $3 a day, more than three times as many as 35 years ago.
The data is not super consistent with the narrative of the US’s inexorable success. Sure, American productivity has zoomed ahead of that of its European peers. Only a handful of countries manage to produce more stuff per hour of work. And artificial intelligence now promises to put the United States that much further ahead.
This is not to congratulate China for its authoritarian government, for its repression of minorities or for the iron fist it deploys against any form of dissent. But it merits pondering how this undemocratic government could successfully slash its poverty rate when the richest and oldest democracy in the world wouldn’t.
You want to cite what you’re talking about here?
https://www.globaltimes.cn/page/202509/1343992.shtml
According to the latest announcement from the State Council Information Office, as of 2024, the average life expectancy in China has risen to 79 years. That’s not an abstract figure - it represents the standard of living and the health of ordinary people across the country.
Now, let’s rewind 20 years. In 2005, the average life expectancy in China was about 72.1 years, while it was 77.6 in the US. That’s a difference of more than five years.
At that time, China was rapidly moving from being an agrarian society to an industrial powerhouse, but the healthcare system was still playing catch-up. Many older adults in rural areas had to walk several miles to see a doctor, and even hospitals in big cities could be cramped and under-equipped.
Fast forward two decades, and China’s life expectancy has surged by almost seven years, from 72.3 to 79.
https://www.bbc.com/news/world-asia-china-56194622
I guess that was 4 years ago, but I remember it as more recently.
I don’t live in the USA. I consider the USA a 3rd world country cosplaying as a 1st world one. Healthcare in the USA is one of the most broken and predatory in the world. So it’s not a meaningful comparison IMO.