Want to Reduce Inequality? Consult China, Vietnam and India

[Abingdonboy]

https://twitter.com/x/status/585284330563444737

For anyone that is a WSJ subscriber:
Edward P. Lazear: Want to Reduce Inequality? Consult China, Vietnam and India - WSJ

 

[nair]

Look at Vietnam..... 64 to 17% in just 15 years!!!!!

Look at China ...... 84 to 6% 78% dropped in 30 years

And India ..... 42% in 32 years........

 

[Abingdonboy]

Look at Vietnam..... 64 to 17% in just 15 years!!!!!

Look at China ...... 84 to 6% 78% dropped in 30 years

And India ..... 42% in 32 years........

Let's hope that with higher sustained growth for the foreseeable future along with improved direct governance systems (cutting out middlemen) and improved education prospects that this drops even faster. The majority of the poverty has been eliminated in the past two decades thanks to the higher economic growth rates India enjoyed during that period.

 

[Manindra]

Look at Vietnam..... 64 to 17% in just 15 years!!!!!

Look at China ...... 84 to 6% 78% dropped in 30 years

And India ..... 42% in 32 years........

All hail fake socialism.
Its mostly during post liberalization era , so we are not far.

 

[nair]

Let's hope that with higher sustained growth for the foreseeable future along with improved direct governance systems (cutting out middlemen) and improved education prospects that this drops even faster. The majority of the poverty has been eliminated in the past two decades thanks to the higher economic growth rates India enjoyed during that period.

That is one part of it, I would say the day the state govts of UP, Bihar, Orissa and jharkand do 50% of what is expectedout of them, believe me we would be better than the best too...

 

[Echo_419]

Look at Vietnam..... 64 to 17% in just 15 years!!!!!

Look at China ...... 84 to 6% 78% dropped in 30 years

And India ..... 42% in 32 years........

What do you expect when you vote for Commies

 

[nair]

All hail fake socialism.
Its mostly during post liberalization era , so we are not far.

The change what happened in last decade should also be checked......

 

[lasttry]

Even what we achieved so far was due to the enterprise of our people and has nothing to do with Nehru to Sonia

 

[nair]

One important thing here is, the way we calculate BPL..... Several BPL's are not actual BPL, just hold the ration card to get freebies......

 

[Abingdonboy]

That is one part of it, I would say the day the state govts of UP, Bihar, Orissa and jharkand do 50% of what is expectedout of them, believe me we would be better than the best too...

If UP and Bihar pulled up their socks the nationwide poverty figures would fall through the floor. These are the two states who are holding India back and dragging it down, ideally they would be broken up into 4-5 smaller states. Their current population size and abysmal governance record means there doesn't seem to be a lot of hope for the immediate future. It is going to take decades for these states to get to where other states in India were even a decade ago.

 

[nair]

If UP and Bihar pulled up their socks the nationwide poverty figures would fall through the floor. These are the two states who are holding India back and dragging it down, ideally they would be broken up into 4-5 smaller states. Their current population size and abysmal governance record means there doesn't seem to be a lot of hope for the immediate future. It is going to take decades for these states to get to where other states in India were even a decade ago.

Yeah.... Instead of breaking andhra and telunghana, they should have broken UP in to 3 states... But even then if those babus and politicians dont chnage themselves, the chances of loot are more in this case......

 

[SrNair]

Their govt represnts their own people.If people dont want any change except the religion and caste .Then who can help them.

Yeah.... Instead of breaking andhra and telunghana, they should have broken UP in to 3 states... But even then if those babus and politicians dont chnage themselves, the chances of loot are more in this case......

 

[Abingdonboy]

Even what we achieved so far was due to the enterprise of our people and has nothing to do with Nehru to Sonia

The fact that India had 66% poverty until 1979 during which the Congress ruled for almost the entire period says it all (of course the liberalisation effort was also started under Congress but, again, this was out of necessity because they had taken India to the brink of bankruptcy. One should thank Manmohan Singh and, then PM, Pamulaparti Venkata Narasimha Rao for their pragmatism not the Congress party).

 

[zootinali]

Look at Vietnam..... 64 to 17% in just 15 years!!!!!

Look at China ...... 84 to 6% 78% dropped in 30 years

And India ..... 42% in 32 years........

may be because of population growth? higher population growth combined with lack of education and useful work skills also make it difficult to reduce poverty. It is difficult to employ people who doesn't posses useful skill in anything. China and Vietnam being a communist countries doesn`t have these problems.

 

[Rau]

Yeah.... Instead of breaking andhra and telunghana, they should have broken UP in to 3 states... But even then if those babus and politicians dont chnage themselves, the chances of loot are more in this case......

To change babus and politician first peaple has to change ...they have to come above cast and religion...till then i have no hope for UP and Bihar....whether you make three or four smaller state.