Source: Piketty’s World Inequality Report 2022

I shared this deep in a dunk thread earlier and figured there’s probably many comrades who haven’t seen this data. I think it’s very good rhetorically because a lot of libs have an incredibly vibes-based impression that the Soviet Union was just an Animal Farm old-boss-same-as-the-new-boss situation.

Instead, this demonstrates that Russia underwent one of the most dramatic inversions of income inequality of any country in recorded history.

For comparison here is the US over the same time period:

China:

And the UK:

You are viewing a single thread.
View all comments View context
2 points
*
Deleted by creator
permalink
report
parent
reply
4 points

It’s disappointing but necessarily surprising tbh. China has been doing state capitalism for a while now.

As for your question these statistics aren’t necessarily contradictory to the idea of extreme poverty being reduced/eradicated. As this is basically a measure of wealth inequality, and while it might be worse than pre revolution, the standard of life is undoubtedly much higher. This is a result of China’s explosive economic growth, there is simply way more wealth in China than ever before. So a higher wealth inequality isn’t necessarily a good indicator of poverty. It is however an apt representation of the CCP’s economic policies over the past two decades and is a good indicator that poverty will rise once China’s growth slows down if wealth inequality isn’t addresed.

permalink
report
parent
reply
0 points
*
Deleted by creator
permalink
report
parent
reply

no

permalink
report
parent
reply

I’d also be curious about the data the graph is drawing from and how large and diverse of a pool it’s pulling from year-by-year

permalink
report
parent
reply