Why Economic Inequality is the CCP's Biggest Problem

Despite it's enormous GDP, that wealth isn't shared amongst the population and China is one of the most economically unequal countries in the world. So in this video, we'll discuss the urban-rural divide and why this presents a real problem for the CCP.

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8 - Invisible China, Scott Rozelle, (2020) 978-0226739526

[Markus-ikub]

The main thing I've taken away from this video is that without Frank, Paddy's Pub would have achieved full communism

[Patriciacraig]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[ziyu]

I'm Chinese. I started to find my life was extremely privileged when I noticed there were so many poor people here and totally invisible. They don't use internet like middle-class people to talk about social issues, they don't talk about their situations. Most middle-class people, even though they concern about our society a lot, don't know the existence of those lower class people. If you have the income of the top 10% population, you still feel you're poorer than 60% since you can only see certain people

[monkofmayhem]

I live in shanghai, wealth gap in the city itself is staggering too. Seen one apartment that was a single bedroom with a single hotplate. It had a tiny bathroom with the shower over the toilet. Right outside the apartment was a brand new Porsche. Likely owner of one of the local shops.

[deathdrone]

Ironically Xinjiang and Tibet has a higher GDP per capita than provinces like Henan (the historical origin of Chinese civilization) and Hebei (province that encircles Beijing) respectively.

[wonderplaceholder]

I think it would have been better to explain the Hokou system rather than relegate the explanation to a little bubble. How the system works is actually central to the title of the video and give less time to explaining how GINI is calculated

[allliquid]

Eyyyy south africa being the first in something regarding economics

[awwastor]

china’s mix of over the top recolutionary symbolism and celebrations combined with the rule of technocrats who look and sound like tories is always funny to look at

[xiphoid]

There is an even worse urban rural divide -- the retirement pension system. I'm from Shanghai, my relatives there get 6000-8000 yuan/month ($1000). My wife's parents are farmers from a village in Guanxi province. They each collected about 150 yuan/month ($23). That's not even enough for food, nevermind medicine. My wife and I med in graduate school in the US. I was shocked when we went back to china to get married. Going from Shanghai to rural Guangxi is like going from New York to africa. The village is mostly middleaged or old people working the farms. The rural china is heavily reliant on migrant workers sending money home. The old languish watching the children of migrant workers who went to the cities. Needless to say, we brought her parents to the US as soon as we could.

[veraxiana]

Well done explaining the broadstrokes of the gini coefficient, the graphics really helped me visualize & understand it!

[yopyop]

“Third most unequal economy in the world, behind just South Africa and Namibia.”

[alexwhinnie]

They probably should have included Gansu province in the bright red section of the thumbnail, considering its the poorest by province by GDP per Capita in China and is nearly bottom on the HDI . (British living in Gansu province)

[whiskyfox]

Bro put Anhui and Northern China as rich province

[aubs]

"The economy... is in shambles!" Love that you folks also love Sunny!

[TheSquidPro]

It's the largest strength because rural China still has an acceptable fertility rate that they can pump to the cities for economic output. The same is not true for western countries who must rely on this externally instead of internally.

[SSSR]

This is nothing new, pretty much every country in the world is like this with the exception of city states like Monaco, Andorra or Singapore.
In the US, for example, people earn the most if they live in California or New York. If you live in middle US or anywhere between CO and MO I am sure you are earning up to 4x less than people in big cities.

[djoldschool]

So uncontrolled capitalism ends with a hugely unequal society? It’s just lucky that countries like the UK have managed to avoid this terrible phenomenon..

[jliang]

I think a lot of your data are outdated. Just look at your example at 7:24 mark and that is in 2015 and we are now in 2024, China today has a working population of 740 million and skill worked force of 200 million (60 million of these are considered highly skilled work force).. I would suggest you dig out some of the more recent data and make. And as for best way to stay on top of the news, use the present day data rather than 2015 data. You are 10 years behind.

[joseallanguerrero]

And despite that issue, China is still a lot richer than India. I compare the 2 countries because they have the same population

[pschulzdesign]

„Islands of prosperity in otherwise rural country” that suspiciously sounds like England