and yet, the problem remains that the US has the worst income inequality of all G7 nations and has been on the rise since 1980, regardless of what happens elsewhere
Global inequality has sort of fallen, insofar as China has reportedly lifted 800 or 900 million people out of extreme poverty. I suspect that's not what their were referring to though..!
However keep in mind that China is still only about as rich as Mexico or Russia in terms of GDP per capita. So hasn't joined the rich world, yet.
Ethnic Chinese people are very successful around the world. Mainland China actually has on average the poorest Chinese people. Compare eg Singapore, Taiwan, or even the ethnic Chinese populations in Thailand or the US.
(Not completely sure about the Chinese people in Thailand. Need to dig up stats.)
I myself migrated to Singapore a few years ago, as I agree with their pro-market policies. We also have great food here. Just the weather is a bit muggy.
Not yet, you're right - but if the World Bank is to be believed, it has raised 900 million people out of extreme poverty. That's astonishing compared to how everywhere else seems to be doing.
> weather is a bit muggy
On a rainy day in England, I can very much sympathise!
Just because eg inequality in the US might have increased, and inequality in China might have increased, doesn't mean that the inequality in their combined population has increased.
I'm talking about the combined population of all humanity.
Because our local society is the society against which we, as humans, tend to measure ourselves, and inequality within our in-group is the strongest predictor of crime, perhaps?
Why wouldn’t you? The fact that Chinese people are much better off than they were a few decades ago has almost no bearing on the well-being of me, my family, relatives, friends or almost anyone I know.
Increasing inequality in the country I live (or countries I have the right to live in or would ever consider moving to) does.
What exactly are you talking about? Global inequality has been on a downward trend in the last few decades.