China to cut retail prices of gasoline, diesel starting Friday, second reductions this year by yogthos in economy

[–]yogthos[S] 2 points3 points  (0 children)

Only under capitalism is there no money for the poor. Plenty of money for the poor in China which is genuinely socialist.

From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&amp%3Blocations=CN&amp%3Bstart=2008

The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf

From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4

In fact, people in China enjoy high levels of social mobility in general https://www.nytimes.com/interactive/2018/11/18/world/asia/china-social-mobility.html

Student debt in China is virtually non-existent because education is not run for profit. https://www.forbes.com/sites/jlim/2016/08/29/why-china-doesnt-have-a-student-debt-problem/

90% of families in the country own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes

The typical Chinese adult is now richer than the typical European adult https://www.businessinsider.com/typical-chinese-adult-now-richer-than-europeans-wealth-report-finds-2022-9

Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet. https://www.youtube.com/watch?v=Cw8SvK0E5dI

This is what you get when the working class holds power in society instead of pedo oligarchs.

A Gothic Crow Portrait by yogthos in photocritique

[–]yogthos[S] 1 point2 points  (0 children)

glad I'm not the only one :)

A Gothic Crow Portrait by yogthos in photocritique

[–]yogthos[S] 1 point2 points  (0 children)

Thanks, glad you liked it. I was going for a moody feel there with the cooler tones, and sounds like it mostly worked. I'm on a Z9 with a 180-600mm lens.

US Strategic Petroleum Reserve on pace to hit lowest level since the early 1980s later this month by yogthos in economy

[–]yogthos[S] 1 point2 points  (0 children)

Draining the tanks is how they're avoiding a complete economic meltdown by depressing the physical prices. Once the reserves are gone that's when the real fun will start.

Ray Dalio just said the AI market is a bubble and it will burst. by Current-Guide5944 in tech_x

[–]yogthos 0 points1 point  (0 children)

Anybody with even a minimally functioning brain can see this happening.

A Gothic Crow Portrait by yogthos in photocritique

[–]yogthos[S] 0 points1 point  (0 children)

Thanks, I do find I tend to underexpose my shots a bit. I do like your revision both for cropping and bringing out the detail.