China is now the 'world's sole manufacturing superpower'. How did it develop so fast?
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- "China is now the world’s sole manufacturing superpower", a mainstream European think think has acknowledged. Ben Norton explains China's historic growth and development model, and how the Chinese socialist market economy works.
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An old Chinese man once told me that he started life out making cheap wooden plastic toys for pennies and hardly enough to eat and today his children go to university, build microchips and AI. He said his generation give their lives so their children would never know the great humiliation. It's always stuck with me, what they have done in 50 years is incredible.
Stories like that don’t exist in the USA anymore.
Remind me the development story of South Korea. After the Korea War the old generations were dead poor, struggling hard, when many young South Koreab women had to work in the sex industry, just to make a living. Step by step, they changed their country and brought better lives to their children and grandchildren.
@@catinbootsnow4267东亚的人民都很努力，用我们中文互联网的词概括叫做“卷”。日本曾经也想突破美国的封锁但是他是二战战败国没有自己的军权，最终企业都向美国低头了。你们也不太幸运，我想如果你们没有美军基地也许那些女性也许可以通过上学改变自己。你们的三星也许还可以辉煌，甚至造船业也不应该随着美国的金融潮汐而把期货拉爆，导致我们造船业更快的抢占了你们的市场。当然历史没有也许我也有点想当然，总之我们还需要努力😊
也许有人告诉过你这是一个陷阱，一带一路多极化发展。但是如果没有美元经融潮汐交给世界来分担，如果没有所谓的单边制裁，我们都通过技术竞争获取市场也许整个东亚甚至整个亚欧非大陆都是另一番景象。当然我们不会忘了我们的南美洲朋友，生产者比虚空操作骗局的金融者永远值得尊重！金融本该服务于实体而不是操纵实体。祝好运😊
These kind of stories are actually quite common among Chinese families, my grand parents on my father's side brought me up, I heard stories about how tough their life were growing up, my grandma was illiterate, my grandpa didn't get a chance to learn how to read and write until he was an adult, they did hard labors just to survive, but whatever chance they got, they would supported their kids' education. Among my uncles and aunts, they were always starving growing up, but lucky enough to be educated, 3 of them are college graduates, and among those, two would become distinguished professors. Among my siblings and cousins, we have doctors, engineers, and successful business men, now I have kids of my own, they are so spoiled compared to the environment in which we grew up, but I constantly try to tell them stories of their grand parents and great grand parents, I don't know how much it would get to them, I know it is not easy for them to comprehend given so much have changed, but I hope at least they don't forget the sacrifices that previous generation have done. The story of my family is definitely not unique, many that grew up with me had similar families stories, and compare to many of them, we are just average.
@@catinbootsnow4267 The major difference between China and South Korea is that the south korean didn't know that their standing in the world is still very low due to their country being a vassal of the US. The US is gutting SK semiconductors to make the US companies competitive again while china is outcompeting SK on the rest of their industrial sectors. If you do not have sovereignty, you are forever a servant of the empire and that my friend is still a shame that the South Korean cannot get away from whether they know it or not. Always the side kick that will be sacrificed for the "hero" or villain in this case.
Lifting 800 million people out of extreme poverty is historically more significant than building a pyramid or a Taj Mahal.
We do have the Chinese Wall.
The Forbidden City.
The greatest fact in the human history.
Lmao actually true tho. I’m excited to think about what America would be capable of under socialism. Not that it’s happening anytime soon
@user-lk7cv8vg7rlmao very true. If it ever does happen, we’ll be long dead
That was a thousands years effort in China through all dynasties.
With 4 out of 5 of the world’s richest persons in the US, its GDP per capita is severely distorted. It also highlights the inequality in the US where the super rich gets richer while the number of homeless Americans grows
That GDP or GDP per capita should be only for the elite as the upper 1% owns more wealth than the lower 90%.
China have four of five banks with most assets, you cant compare rich persons with banks that holds assets. These banks are controlled by rothchilds, and rotchshild also controlls the most powerfull bank in US (JPMorgan)
Equality trumps Inequality in the end...that atleast is soothing🤞🤞🤞
Apparently I heard homeless in us is a business. Companies makes money from the funds given by the government . And who owns those companies? Politicians.
Even in the total amount bilionairs, China is ahead of the USA aka IOU-country
Your reporting is far better than anything by our main stream media. Thank you.
china = love today
Napoleon stated, “Let China sleep. For when she wakes, the world will tremble”. How prophetic!
I’m 2:00
Only the West trembles.
They don't tremble they're just prepare for Armageddon. @@KaiserHooray
It hasn’t woken yet.
@@TacticalMayoThe Western Rambos wouldn't fight unless they're fully stoned. 😂😂😂😂
In the West, capital has primacy, the interests of capital are what dictate political decisions, whereas in China political decisions are what dictate capital.
100% spot on!
That’s why they budget their governments decades ahead while the USA beats around the bush at the last hour to fund the government.
The politicians in Capitol Hill have been screwing the businessmen in Silicon Valley and Wall Street and hurting their interests for several years, by putting all kinds of hurdles through their legislation tricks, to try to stop the businessmen from making money in China.
Now it seems that some politicians feel they are above the businessmen and can do whatever they want to meddle in the business of the private sector, dictate what the private sector should do or shouldn't do.
The American liberal capitalism is being twisted, tortured and abused by these arrogant politicians. Wait for the power of Capitalism fighting back.
anti Merchant class hve over 1000 year history in China. Due to their infamous greed leading to starvation via hoarding aka Profiteering or using their Massive wealth to prevent Government policy from being implemented country wide to maintain profits to directly threatening Government power n Country. The chinese saying of Oligarchy is Wealth that rivals the Country also means Threaten the Country.
Excellent comment. Very true.
Well done Dragon 🇨🇳👍
From your Asian Brother,
Indonesia🇮🇩
Asia united to develop our economies together
ASEAN is developing very well. China's logic is that only when its partners develop well will it have greater development opportunities. This is different from the West's zero-sum thinking.
The Soviet Union provided China with 150+ programs to industrialize, India as well. so Russia should get some credit. Deng sent thousands of students abroad so they can keep up and innovate.
@@jinniwind
Yes, we must united !!
WE ARE STRONG !! 💪💪💪
@@eric9069
Yes, without China there's no future for ASEAN
As Chinese, my understanding about China's achievements during the past decades is that besides strategic planning of the government, average Chinese's hard work also plays a role.
In China, most grandparents and parents work their ass off so that their offsprings can live a better life. Being frugal themselves, they accumulate wealth for future generations.
Those who make much bigger contributions to China's growth, I think, are elite scientists and researchers who spent their whole life working on infrastructure and heavy industry projects during the years when China was being targeted by both the US and USSR. Those projects might not seem to be directly related to today's economic achievement, but without them, China's security would have been compromised and China would not have had the opportunity to develop.
You are absolutely right. Government and the people's efforts and cooperation are the ingredients to success.
" ... Those (heavy industry) projects might not seem to be directly related to today's economic achievement, but without them, China's security would have been compromised and China would not have had the opportunity to develop. ...."
Touche!
You are 100% correct. Younger Chinese people should never forget the contributions and sacrifices of older generations and those scientists and engineers, and workers. Without them, China would not have risen back to its top place in the world and above the a hundred years of humiliation, and would not have been able to gain the respect that China deserves.
In addtion to my previous comment, I really respect China's leaders from Deng Xiaoping, Jiang Zhi Ming, Hu Jin Tao, to Xi Jinping and Mr. Wang Yi. President Xi has the best team for his administration.
@@haniahannslew4108 Tks a lot for your encouraging words. Hope with our mutual efforts, this world will be a better place sooner rather than later.
With great respect and appreciation to Ben Norton for his most excellent report, which so clearly and concisely explains how and why China has so quickly become the 'World's Sole Manufacturing Superpower". Thank You!
True patriot takes criticism well. Ben you are a real American, god bless you
Ben Norton, you are absolutely the best, bar none.
Fantastic presentation.
👍👍👍
Ben is called all sorts of names by the West
China supporters are call Wumao or China shill or CCP paid. I'm a proud Wumao 🤗Too bad I don't get paid 😭@@MattsFikezolo-lo7wq
True
When I first came to China 25 years ago, I was at an English Corner in Nanjing. During this English corner, the topic of Chinese technicians getting their education in China, going to the USA, getting their higher degrees and then staying there. Someone said that these people are not coming back to China. Someone else at the back of the group called out: “We are” and, as he said, we are coming back. He felt that the future for these people was here in China.
Yea, it's really a big issue then. When Deng Xiao Ping decided to send students to the west and Japan, many worried that they would not return. But Deng said something like " even if 1 out of 10 return, we win"
US production of Propaganda news is also counted as GDP in service sector
looking back at all the western fake news i listened to growing up, the west could have use the money for their people but spends 90 billion dollars p/y on disinformation around the world.
Then explain why India isnt replacing the PRC as manufacturer of the world?
@@JoeHugs-p1i Lol, keep coping. The reality is you allowed your capitalists controlled governments to get away, but you never gonna blame yourselves, oh that obviously also exposed the fact that you are not a democracy.
@@JoeHugs-p1iBen isn't the only one who said that China's rise was s miracle.Many eminent economists and world leaders also said the same.
@@JoeHugs-p1ithat’s a lie lol
I remember back in 2000 there WAS a heated debate on how much percentage of economy should be private in China. Unlike what western watchers usually claim, Chinese leadership closely studies and adopts various western economic theories including liberal economics. There’s a period when Chinese academics were heavily influenced by the free market theories. However years of lessons have taught CPC that never ever put all eggs into one basket ie never rely on one single theory to develop economy. that’s why CPC names its economy as socialism with Chinese characteristics. I’m glad their prudence turns out to be correct.
prudence is my middle name!
That was in the mid 80’s when Zhao was the president, he was a keen advocate of the liberal economics but it backfired as inflation rose sharply
Can I ask something, just for the sake of curiosity:
Those debates were a calm and collected affair, or were people raging against eachother? Or there was moments in-between?
As a Brazilian, debates about this high level subjects can get WILD...
@lluow I 100% agree with your analysis. By the way well done in knowing that it's actually CPC and not CCP.
Ben Norton is clear and concise, provides facts and figures to support his narrative... thank you sir 🙏 👍👍
Thank you from Brazil, mr Norton!
This literally educated me more than 5 years in university did.
All I can say is THANK YOU
China leads in 37 of 44 technologies tracked in a year-long project by thinktank the Australian Strategic Policy Institute.
Take the American Sponsored Propaganda Institute with a ton of salts. These war mongers are hyping up China's lead in order to justify bigger and bigger offense (not defense) budgets. China is the bogeyman.
Brilliant analysis of the strength of the China economy. Help me appreciate the Chinese leadership in handling this vast nation in a peaceful and harmonious manner
Very important topic! The world is changing, we all need to understand this big shift and learn to adapt and adjust to it.
Central banks love all three of there customers and profit from the enslavement of them all. The communist starts out with slaves the sosalist just needs to run out of money and that capitalist has to be bribed and is the hardest to break under componding intrest.
IF 1 person out of a thousand sosalist is still secretly a capitalist then you just have a thousand fools locked in there houses for 3 years strait as there buisness die, well the alagark that fooled them, lives like a king.
I agree that sosalisam is a vehicle to get everyone there faster but if that is on the road to starvation and hell I would choose independence and capitalism.
The Chinese build a lot of stuff that has crippled there people by borrowing a lot of money at crushing intrest, but fail to understand the importance of supply and demand dynamics.
If you borrow a doller you need to turn it into two dollars by making somthing that someone will pay you for it. China build ghost citys and roads to nowhere that no one wants to pay for. They should have spent it building something everyone needs and wants with better ideas and research.
The usa is better at finding out what buisness will work better becase true capitalism requires compitition not the government saying its a good idea.
I think you should further breakdown in terms of military vs consumer products. Today most of US production goes to the military, not for the consumer
Absolutely! All one has to do is Google "U.S. MIC Companies" and discover just how many and how wide is the range of companies in the U.S. that manufactures products for the military. The entire U.S. economy is virtually dependent today on a war footing because if there isn't any, some 80% of U.S. manufacturing will shut down and there will be an instant recession. Almost every U.S. company that is associated in the manufacturing of consumer goods has its production located overseas today - in Mexico, Vietnam, Ireland, Taiwan, China, Bangladesh, Pakistan, Indonesia - anywhere in the world where it is cheaper than manufacturing in the U.S. itself.
and most of military spending is sell to outside clients, so it's not even contribute to country military strength
18.6% of US GDP is healthcare - 4.7T dollars in 2023
China spent 1/40th this amount & is now 95% covered under a public health plan
We brag about being rich but the top 10% owns 76% of that wealth w the bottom 50% holding just 2%
Military spending is non productive and will not generate economic multiplier effects to grow the economy.
@@tkam9 Military spending in in-house R&D and manufacturing of military armaments at home employ thousands which provides the economic multiplier effect when the products are sold overseas. However, a country that spend on procuring (buying) military hardware to increase its military might and produces none of its own is non-productive.
The U.S. is the world's largest manufacturer and seller of arms and is in fact, almost all that it produces in the U.S. these days that are of significant worth in big dollar income.
Thank you Ben, independent journalists with journalistic integrity are the heroes of our time.
You are billed $1000+ for an ambulance ride in the U.S. (one 15-minute trip through New York costing $1772 in 2013).
The same ambulance ride in China is billed at $10+ (in Beijing, 50 yuan/US$8 for first 3km, 7 yuan/US$1 for each additional km in 2020).
That $1000 is counted into the "U.S. GDP", and that $10 is counted into the "China GDP".
10 years ago I got food poisoning (food trom the previous night office Thanksgiving party) while at the Barnes & Noble store one Saturday afternoon. Got a ride on the ambulance 3 miles down the road to the hospital and it cost me $600.00. That was 10 long years ago !
错了吧，，，我们救护车不要钱啊。
@@阿康很健康 他说的是出租车。
@@阿康很健康要钱，你可能最后给报销了。
I guess your memory didn't serve you very well. Ambulance ride is free in China,even for
foreigners. A hired taxi might charge you like you mentioned above. Besides,distance is
never a problem to the ambulance in China. They just care about which hospital is the most
convenient for the sake of giving you required first aide.
Keep up your excellent independent journalism Ben!
All the best to your pursuit of a PhD in
Economics in China..
Bravo Ben 👊Beautifully put👍and All truth. Keep up the great work 🙏
Thanks Ben for your hard work. ❤
Ben, brilliant work as always!
China has 4 companies each making progress developing reusable rockets. China has many technical teams developing unmanned subs. China has dozens of companies producing EV cars. China is simultaneously developing several different design approaches to Thorium based nuclear reactors. China is making rapid technical progress in every area.
China is rapidly developing the world’s most advanced automated factories across the board, including robotics
All of it is Western technology.
Yet somehow we can't produce our own tech?!?
Very logical... @@TacticalMayo
@@TacticalMayoModern day technologies are the contribution of every race and nations around the world.
@TacticalMayo, Your technology like the commercial airplane that was invented by a Chinese engineer called “The Father of Boeing?” Or the atomic bomb that was designed by another Chinese engineer? Or the steel that you use everyday that was invented in China? Or the porcelain toilet bowl that you sit on everyday that is also invented in China? As well as the plates and bowls you eat your dinner out of everyday?
In the US, a $50 penalty for paying a bill late is added to the GDP. 😅😅😅
As well as usury interest rates that are widespread throughout the US financial system. So when interest rates rise, so does GDP!
@claudermiller
This is a big reason why Russia's economy is actually far more formidable than it's made out to be here in the West.
Little debt in comparison means little GDP in comparison but it's not necessarily a bad thing, infact it's rather the opposite.
@@hollowgonzalo4329 not to mention that Russia produces “things” that the world actually needs like energy, uranium, mineral ores instead of $50,000 women’s handbags (France) and souvenir Royal Family slow cookers.
@hollowgonzalo4329 I pay everything off in full every month. I have more cash reserves than people I know who earn 10x as much as me. It's all about managing money.
the military industrial complex profits are added to the GDP, the spiking interest rates and fines/fees are added to the GDP, the hyperinflation of medical care, all sorts of insurance, higher education and medical/student/corporate debt are added to the GDP, the credit card debt used to fuel inflated retail spending (one of the biggest parts of the US GDP) including groceries (big agra) and gas (big oil) is also added to the GDP, and the overvaluation and speculation of the stock market and real estate/rents also adds to the GDP. money printing to bail out companies adds to the GDP. when companies cut costs by laying off workers and making more "profits", that becomes GDP. when Americans get sicker and go to the hospital more for overpriced care, or extend their dying years in hospice/long term care/nursing homes, that becomes GDP. when corporate lawsuits and manufacturer recalls result in rewards/settlements for their dysfunction mostly to lawyers, that becomes GDP. when tax handouts and subsidies to various industries and documented or undocumented immigrants are used to fuel the economy, that becomes GDP. the border crisis is big business (increasing GDP). the drug/opioid/fentanyl (and pharmaceuticals too) crisis is big business. the incarceration crisis is big business. but not for the average American. lies, lies and then statistics...
This was a gold mine of information.👍🏾👍🏾👍🏾
Thank you all for the good work.
CONGRATULATIONS. TO 🇨🇳 CHINA
Maj0rity 0f us Inddians still live in extremee p0verty, we are jeal0us 0f china and Chinese pe0ple
CHINA IS THE R-SOLE OF THE WORLD
u da best - china!
@@raymonddon8875 u da best of da worst C C P!
@user-mc2oc6jw9q You can’t even spell it correctly, there are only organizations called CPC in this world, there is no CCP
Best analysis ever!! No bull , no lies and no trace of animosity to anyone!❤
It's always useful to bring up India as the counterpoint to China. India is repeatedly said to have the advantages of the worlds largest population, the world's largest democracy, the world's largest working age population. Yet, capitalist India is nowhere near China in terms of GDP (nominal or PPP), foreign reserves, human development, pollution control, middle class consumers, industrial production, or technology development. If democracy and capitalism are so good at building national wealth and power, India shouldn't be so far behind socialist China.
The only two areas India are ahead 1) poverty rate are much higher than China 2) rape case are number one in whole world
@@leelexus5515 India is still #1 in diarrheal deaths, greater than the next several countries COMBINED.
@@user-qs8tp5eu9p Yes, rich, ripe, red Chinese apples and shriveled, puny orange Indian oranges. They're both fruit, and the orange is slightly larger, but ... the Chinese apple had better nutrition and care and grew to be much better than the Indian orange that was grown with nothing but cow dung.
You are right about India but not quite so about democracy and capitalism. India has democracy alright but it is a very flawed democracy: it has democracy with authoritarianism. India also has capitalism but a rather flawed variety. In many ways, India is different from China. China’s GDP was actually lower than that of India when the CCP took power in 1949. It is often mentioned that China practices capitalism better than the West. Many economists believe that India will not be the next China and there is no next China. No nation has risen as rapidly as China did in world history. China did many things right to become a global manufacturing power. Apple’s CEO, Tim Cook, declared that Apple manufactures in China not because of its low labour costs but because of the deep technical skills of its people. He mentioned that if his company wants to hire tooling engineers in China, they can fill up a whole football stadium but he is not sure if they can fill a room in the US or elsewhere. He said that the Chinese government has done a good job on technical education and other countries should emulate this. It is what you do with your population that matters more than the size or demographics of a country’s population. India still has a long way to go. Many people are unaware that India is a highly trade protected country which is why it’s not very attractive to foreign investors. Its workforce is not as well educated and trained compared to China, not to mention the poor infrastructure and industrial landscape.
The Indian American students have always been a dominant group in every year spelling contested, and normally when
move to the final group, 90% are Indian American kids. Also, due to the inequality of income that each profession in Indian society, majority of Indian college students just wanted to be a doctor or if in high tech. then want to be in IT, or software not hard science, engineering like Chinese students.
Another insight from Michael Hudson is that China’s public investment in infrastructure allows workers a higher standard of living independent of wages.
American workers pay through the nose for housing, education, transportation, etc. Chinese workers do not.
Extremely important point. What does good healthcare cost in the US? From the data (life expectancy, obesity, disease such as diabetes) Americans can’t afford good health.
For example, China's high-speed railway has always been in a loss making state, and I believe it will never achieve profitability.
Anti China groups claim that high-speed railways are meaningless because they cannot be profitable and incur huge losses.
But the truth is that infrastructure such as high-speed railways have greatly driven the local economy, connecting all provinces and providing people with faster and cheaper travel options. Businessmen wake up in Shanghai in the morning and arrive in Beijing or Guangzhou in the afternoon to discuss their next business deal.
Not only have merchants gained convenience, but ordinary people have access to high-speed and affordable railways, and their mobility between provinces will also drive local economic growth.
However, in the West, infrastructure is in the hands of private enterprises, and they cannot accept unprofitable infrastructure. Their short-sighted and greedy nature cannot be changed.
Only state-owned enterprises will sacrifice immediate benefits for longer-term benefits, benefiting both businesses and the lives of ordinary people.
Many people discuss that the per capita income in the United States is higher, but they need to pay a high cost of living.
Although China's per capita income is currently lower than that of the United States, people's cost of living is acceptable. Per capita income does not necessarily mean that the quality of life will be better, and infrastructure and other conditions are also crucial factors affecting the quality of life.
@@sciagurrato1831America does not care about Americans because they are replaced by illegals. The new form of slave labor.
@@Marty-o5o Purchasing Power Parity is how they measure such things.
not really, China's university is cheap for young people, but house is extramliy more expensive than US
Thanks
Thanks for sharing the truth about China. Great work Ben!!
And a bigger thanks to the US Government for protecting his right, through the First Amendment, to post pro-China videos on an American site with no fear of reprisals. Is that even possible in China?
@@davidgmaloof Yes
Don't be so smug. @@davidgmaloof
@@davidgmaloof I remembered Jerry Guo.
@@Peepshow789VPN?
Ben has most deeply and thoroughly studied and analyzed the economies of the different political systems, and has very clearly and eloquently delivered his findings and view.
Great video, Ben.
Hugs from Brazil.
We are here, learning geopolitics is an interesting endeavour... China is succeeding mainly because it doesn't spend on militarism...
China is succeeding because it's not interested in creating an empire.
That's wrong. It is winning because it is a socialist, industrialist state.
They have a million man army paid for by our trade dollars. Thanks G W Bush
@@urrywest
Yes Really! Sorry to wake you up!
@@nemojedermann2845 They spend a great deal on navel vessles amd they have the biggest navy in the world. So they DO spend on militarism.
Speechless on the economic analysis in this segment
Video is very informative and clearly stated. Well done, Ben. Thank you.
Ben’s explanation is concise and informative. Well done!
Wow, Ben! This is academic level stuff. I enjoyed listening to it, thanks!
Most americans and people in in the West in general need to watch this video to get educated.
Why would we waste our time doing that?
Yup, let us enjoy our ignorance @@TacticalMayo
@TacticalMayo, Fools never learn.
@@TacticalMayoSo you’re just here to troll without even watching the video you’re commenting on. That just says everything about you 😂
@@TacticalMayobecause it helps you get balls to accept that America has been left behind the world both intellectually and financially
I am 81,and when i was a kid back in the fifties they referred to China as the SLEEPING DRAGON?They also drove the American army almost off of the Korean pinesala.General McAurther wanted to use atomic bombs on them and presidentTruman had general McAuther relieved of comand.Scary times for ten year old little kid.
No that’s not how the Korean War played out. It was the North Koreans who almost pushed the South Korean off the peninsula. When the USA got involved, they drove the North Korean army all the way up to the Chinese border and that’s when China got involved. Your narrative doesn’t follow the real history that is accounted by all sides. Once the Chinese got involved, they drove the South Korean and allies back to the 38 to parallel where a stalemate was reached due to strong fortification by both sides.
You’re correct about McAuthor, I’ll give you that. But the Chinese were nowhere near pushing anyone of any peninsula.
That's not true at all.
Can you tell me what the truth is?@@TacticalMayo
@TesticleMayo, what is not true? Please elaborate.
@@刘焱-p1y don't even bother with him. That guy is a murican bot. He's been trolling everywhere and gaslighting everyone just to make you side with USA
Excellent video report Ben! Thank you for covering this subject in a concise and lucid presentation. Keep up the good work and best wishes to you on your academic studies there in China. I'm envious of your efforts.
China - a truly inspirational country
And they are doing it without toppling foreign governments
Thanks! Please write an entire book detailing the economic rise of China! I will definitely buy your book.
While USA focused on making wea pons china was focusing on its economy.
China better do the same thing because all of those things the US are making are pointed at China.
Hold up now. USA also focused on gender-affirming surgery for kids.
@@zuriyel5368not to mention going abroad and trying to impose the rainbow flag on 3rd world countries!
@@zuriyel5368how many genders have those people come up with now?
Thank you Ben, your rigour and depth of analysis is much appreciated. Western MSM is either unable or simply prefers not to delve into how and why China's productivity and economy has been so successful. Developing countries are gradually learning for themselves how Socialism with Chinese characteristics is lifting 800> million people out of extreme poverty, without having to resort to colonialism and military alliances.
Ben norton you are brilliant 👍❤
Excellent in-depth presentation - keep it up Ben!!!
The information you provided is so helpful. Thankyou
Thank you Ben Norton.
The most amazing and strategic analysis. Both thumbs up.
an excellent report, thank you
Us developed through slavery genocide and agression
Not just the USA, but the entire West -> starting with the Portuguese, Spanish, Dutch, French, English empires -> and for the past 70 years, the current USA empire -> all these empires have been built on military conquest of foreign lands, outright annexation or colonization, and perennial economic, political subjugation, and exploitation of those foreign lands. The Japanese empire tried to copy the West's playbook, and wreaked havoc throughout Asia - killing millions of Koreans, Chinese, and other less developed asian nations all in the name of the Japanese Empire. It's time for humanity to follow a different playbook for wealth and development by building goods and materials that you need, rather than by pillaging and killing others who are weaker than you.
@@ftft98 The other playbook, to the West, seems like too much "hard work". Conquering, colonizing, pillaging, looting, robbing others while being engaged in the aggressive sexual pursuit of their women seems like so much more fun and doesn't take too much hard work to achieve - to the descendants of Vikings, pirates, buccaneers, privateers and the like. On the same vein, I once had a Western executive told me to "work smarter, not harder" - and then, proceeded to look for ways to dodge the taxman and his creditors.
You can get rich in one of two ways. You can either rob the bank. Or you can build the bank. I'll let you decide who did what.
@@HiggsBoson2149 Thinkers, economists and historians know the answer to that immediately.
The US did both! First it robbed the bank and then later on it built the bank to put other countries in its debt traps!
Fantastic episode. Great job.
I thank you.
Bravo Ben, a great review of key differences between the US/Capitalist/Financialization system and the China/Socialist/Common Prosperity system driven by wise leadership and scientific approach to management. This is the best analysis and the most incisive explainer I have seen in years. As they say, if you don't make stuff, you have no stuff.
Amazing! thanks for the lesson Ben.
A most remarkable analytical study of the Chinese economy !
Residential rent is counted in GDP of a country. In San Francisco or NY, an average one bed room app may cost $3,500 a month. That means $42,000 is added in the US Gdp for one unit rented. This although that there may be many homeless in your neighborhood, trash piles, urine smell, human faeces, roberry, gangs, graffiti. Now same standard appartment in Shenzhen or Shanghai may be rented for 20% the price in US in a far better environment. But the GDP added is only 20% than in US.
So we now understand why there are many poor people in so called rich countries.
That's why capitalism failed in the end when corporations rule the government.
IIRC, Japan gamed the GDP rent calculation by saying that ALL rent was like downtown Tokyo - until the bubble popped. I wonder if the US is doing the same, where ALL imputed rent is counted like downtown Manhattan. And whether China is flipping it by counting rent like it's in rural western China.
Residential rents are not counted in GDP in China
@@mateunlock2023 LOL, ZERO is even better!
Yes, residential rents in China are always from individuals to individuals, for the land owner/apartment owner, as long as they don't report itself to the govt, the govt won't tax that part, its impossible to calculate those part GDP.
The US being the "the sole military superpower" because it spends more than the 10 next countries combined you must look at the fact that countries like China and Russia have state owned MICs where the US does not. Just because you spend a lot of money on something doesn't make that "something" better or larger or stronger. Look at pharmaceutical prices in China compared to the US. The amount of money going to shareholders and CEOs makes up a large part of that price tag not to mention over inflated costs, redundancies, etc. Ben, you should do a report on this matter. Thanks for your work.
That explained why the US is the most corrupt economy on planet Earth.
Although the US does not have state owned MICs, its companies involved in the arms industries receive huge amount of subsidies and support. Without US government support, many of their weapons manufacturers would not survive. As the US government and the arms industry are tightly linked, it doesn’t make any difference whether they are government owned or not as the end result is similar.
@@wong3150 It does if the goal is to make a profit which a private corp is and a state one isn't.
@@wong3150 It does, because a large portion of the spending goes to the pockets of CEO and shareholderes, instead of directly to pruduction.
@@andresgarciacastro1783 Of course, you are absolutely right. The greedy CEOs look after their own interests first, then the shareholders and lastly the customers who are their milk cows.
Thanks for sharing and surfacing the truth. 👏👍
This is real journalism with information backed by real facts, figures and case studies.
Fantastic explanation! A stupendous job that I haven't seen in a long time. There is intelligent life on TH-cam...
China is no more sleeping giant America 🎉 I remember when I was a kid I used to always hear people call China the sleeping giant who's sleeping now America definitely ain't China America🎉 good honest and fair journalism.
America drugged themselves to remain dreaming the American dream afraid to wake up to the American nightmare
Then they must prepare for the worst.
China have been preparing and waiting. It's just America don't have the balls to go in directly. Hypersonics man ✊✊✊@@TacticalMayo
@@ronniechew6566we're literally around China every day and we knocked the hypersonic out the sky, ask Russia they even said it
🫡🇺🇲
Are you on some cocktails of hallucinogens of something more potent? 🤔@@TacticalMayo
Bravo China.
Hard work paying off
Not only to work hard, but also to take control of the sovereignty of your own country.
@@ZweiZwolf
@@ZweiZwolf Also smart work. Together, it made China both the unstoppable force and immovable object.
@@ryangonzales7716 Not perfect, though. China made a LOT of mistakes, and learned a LOT from them. The Chinese are fast learners who try new things and adopt successful practices very quickly.
Once again excellent Ben ‼️‼️‼️‼️‼️‼️💯
XI, told the people of China that I'm the people's servant. He and the CPC's quest is to make people's lives better and fulfill all the promises it made to the people.
To Confucius.
“In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.”
"A man will only be called a man if he treats all men equally as men."
He's a dictator.
And you're coping @@TacticalMayo
@TacticalMayo and you are a fool.
In the US, Crooked leaders like Crooked Trump keeps telling his countrymen to serve him! If he commits a bunch of crimes and steals his country’s money then he should be innocent no matter what since, to him, he has “presidential immunity!”
@@TacticalMayo You make it sound like it's a bad thing. What's so bad about that? A meritocratic autocracy is superior. In China, the best man gets the top job and is promoted from the bottom based on track record. In the US, the most popular man gets the top job based on how much money he has That's why you had a low IQ reality TV star as president.
Perfect presentation Ben 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
Tankie 🤣
Copium @@TacticalMayo
@@lordumas Tactical Mayo has no tactics except being a troll.
@@George123-bv7xq fosho 😆
Excellent!
The Best education in my life ❤ thanks 🙏🙏🙏🙏🙏👍👍👍👍👍👍
This is a professional and truthful analysis. Congratulations
Just leftist biased tankie BS
Great Analysis
Thank you, Ben.
Sharing your educational videos among my friends here in the U.S.
Thank you for your analysis! I found you through The Deprogram podcast.
Extremely Painful truth for US politicians and Western mainstream media....
Great report with important compilation of strategic information.
The US forced Japan to loan money to South Korea (so that's how South Korea got its start as well). Japan and South Korea were also both propped up to be anti-communist states in relation to China, DPRK, ..., etc.
The US wants Japan and S Korea to be strong in order to contain China! It even said so in its military documents from the 60’s!
Thanks for the detailed analysis!
Excellent report Ben.
With de-dollarisation, the U.S. will become an even lesser priority for Chinese goods since the need to hold dollars will diminish; so the 2nd chart in that asymmetry segment is going to move even further down in China's case making them less and less dependent on U.S. purchases.
In the same vein, U.S. reliance on Chinese purchases will increase since the U.S. will now have to earn foreign exchange if it wishes to partake in the global economy instead of merely printing dollars, since no one is going to want those dollars any longer.
I have no idea who's telling you these lies but whatever 🤣
Keep coping @@TacticalMayo
@@TacticalMayoenough already
@@qjtvaddict Tactical Mayo is just a 5-year old kid being a troll.
@@TacticalMayo No one's really telling me anything. I've decided to learn geopolitical economics on my own. These are my own opinions and conclusions.
This is better education then going 4 years to Harvard to learn the same $hit 😂
Harvard wouldn’t even teach you some of these.
@@jinniwindHarvard specializes in teaching crony capitalism ..or how to enslave others for your own financial benefit.
@@jinniwind And what makes you such an expert on Harvard? Just curious.
@@davidgmaloof propagandists are experts on Harvard
Daleep Singh, the mastermind of this massive sanction on Russia got his MBA from Harvard. He left the White House quietly. People should check what Harvard has been teaching their students!
Muchas gracias Ben, por informarnos de la VERDAD👌🏼👍🏼 como siempre👏🏼👏🏼
Beautifully put. Excellent report on one of the greatest feats in modern human history 🇨🇳 ✊🏼
Ben, thanks for doing your study in in depth so to share with your audiences.
Another use of Chinese surplus is the BRI.
BRI is actually a very good way for China to digest excess production capacity.
And it also brought huge political influence to China
@@rdnvodkke4456This is the reason the US and its allies are copying China’s BRI by implementing their own to counter China! Imagine the US badmouthing China’s BRI but implementing their own for fear of losing out. The US is now the copycat, not China. Google, X and Facebook are all copying China’s super app like WeChat and TikTok.
China lifted 800 million from poverty, India lifted 127 million from poverty. How or when is the US going to help the homeless and poor? Instead of helping Ukraine and Israel, with American tax payer money? With $34+ TRILLIONS IN DEBT, with $1 TRILLION IN INTEREST ALONE!
Being homeless in usa is far better than being in india or china
Both countries are so much populated and people have to compete everywhere in every field because of population
Usa is country of immigrants and its the biggest advantage it has and will rule over world for centuries
@@devanshverma6477in recent years,you can't find homeless on street in china.goverment has helped them to get jobs.although they are paid very little,it's still enough for them to eat and live
China is happy to work with all other countries and people in the world to have a better future for humanity.
They have no problem working with America too. This really amaze me
Great video Ben. I will share with my friends.
Excellent Analysis
To best of my knowledge no expert has done this kind of real quantitative and qualitative way
According to a global educational study called PISA, China leads in all three subjects tested (mathematics, science and reading).
Good reporting, thanks.
Thanks!
GDP is only part of the story .
There is a difference between producing a gun compared to producing a coffee maker and a rice cooker .
The gun will create chaos in your community and thus can be a hinder to progress.
The coffee maker and rice cooker will give people more free time to enjoy life and or be more productive in other sectors.
I'm very lucky to have lived in China between 2013 and 2022, cuz I have seen the speed of light. Myself I was there when WeChat started, and Taobao, Tmall... JD.... I was doing business in China and was many times at the Alibaba headquarters in Hangzhou. Damn, the West is so fucked haha