Truly disgusting what those citizens are subjected to.

Another clown show here.

I honestly can’t believe this crap won the noble prize.

If you only allow red cats to catch mice (instead of black and white cats) it won't be very effective.

Thanks so much for unlocking the largest economic Black Box in the world!

Great video my guy

Sounds like another Gordon Chang

It's a broken system.

CCP leadership are regulars at Diddy parties 😅😅😅

Seems that the CCP has copied the US FICA tax system very well. Funding their health system is going to be a problem given their demographic situation. I believe you mentioned that the CCP is allowing in western medical institutions, allowing private health care companies to operate.

Wow! What a scam…Social Security is meant to be funding people’s future not to be spent by the government…and the burden on the companies is huge

In the video, when the person takes the cash out of the machine, how much is that roughly

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Seren Wintersun, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

The EVIL and IGNORANT CCP.

All rubbish by reference to recent economic performance.

Thanks Don. 👍

The other conclusion is " PRChina's economic development and growth situations, presently have been decisively caught in the "Middle-Income Trap", i.e. the peoples' income levels no longer can advance or move higher to attain the Higher-Income Level. The signs are as such:- 1.Economic Growth Slowdown: After an initial phase of rapid growth driven by low-wage manufacturing. Foreign Investments FDIs, & also resource exploitation, presently struggle to transition to more complex/High-Tech industries, as Global de-risking & diversification from PRChina have begun in earnest ...as well as sanctions imposed on further High-Tech transfers to PRChina. 2.Lack of Innovation: PRChina faces huge challenges in fostering innovation and technological advancement, as its manufactured goods are encountering trade sanctions and HIGHER TARIFFS, making it difficult to compete globally, eg. "Made in China" E-vehicles exports and Solar Panels. etc. 3.Weak Institutions: Poor governance, high corruption, can hinder economic development and investment, as Chinese Wealthy Billionaires are fleeing PRChina as their businesses are facing Crackdowns and 30-years taxation audits. 4.Education and Skills Gap: Compulsory & intense studying of Chinese Communist Doctrines wasted young Chinese valuable learning schedule to pursue real academic subjects, in Science and Mathematics, as well as unable to learn the English Language. Consequently ..A Chinese workforce lacks higher-level skills can limit productivity and competitiveness. 5.External Competition: As wages rise, other South-East Asia countries having better cost advantage & lower-income start-ups to taking-over the manufacturing from PRChina.

Thank you, Don. 👍

Thanks Don

I’ve been watching all your videos. Thank you. Trying to educate myself more on the Chinese economy.

Its pretty sad in the US. All the extremely wealthy people pay next to no taxes, like bezos, twit boy, dump, bidey, harrass, sucker, gater and all those other big name embarrassments. Yet the poor homeless starving unemployed uneducated citizens are paying through the nose, Why? Because your all backward. I feel so sorry for all the ordinary citizens of the US that are paying for the mass murder of Gaza and Ukraine 😅😅😅

You are a joke, be personal with Xi, the stupid virtue of Freedom.

You are a joke!

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Xi can't stop the tide.

it is very lazy and pedestrian to get stuck in this 'they are the evil, we are the good' story. while you are chanting it, you will switch sides, do evil, and still keep proclaiming goodness

is the 2 party system pluralistic anymore?????do not need to be for the ccp, but being against it just to support ppl who want to bring it down for their gain is unnecessary. nobel has lost its credibility for a long time now.

are you saying the westrn governments are inclusiive, not extractive? and that china is not inclusive and it is extractive?are there no elites in the west towards whom all the wealth is moving? i do not think it is binary, like that. it is possible china will sort out problems and bring prosperity to its people

Great job on this video Don! This was by far my absolute favorite video from Digging To China, keep up the good work Comrade👏🫡

good info

Thank you. Quite inspiring.👍

Don, while I generally agree with your analysis, I wonder why you put in the American revolutionaries at about 9:00. The industrial revolution had little, if anything, to do with the American Revolution. In fact, the industrial revolution only began to reach the Americas a decade or so before the Revolution. I have read some historians who wondered why there was a revolution in the American colonies of Great Britian on economic grounds. At that time land was still the main source of wealth. Because of that the American colonists were actually wealthier than their British counterparts and that wealth was much more widely spread. In fact, a better example/analysis would be the reforms in the UK in the early 19th century. By then the industrial revolution had indeed changed the economic and political map. Until the Reform Act of 1832 an outdated set of constituencies gave outsized political power to the landed gentry while the now more prosperous cities had almost no representation. This was a phenomenon known as the "rotten borough". I actually visited one of these while living in England. Actually, this phenomenon may well have been a reason for the decennial census. One of the purposes was to revise legislative districts in the US House of Representatives. What is very interesting is that the UK did this without a revolution.

Things you say are a lot of abstract concepts without concrete facts, and when you use facts then you understand in terms of abstract words like the environment and make a superficial statements. The technological advancements were all done in Europe before the WWII and today is the extension of that and they all were under the authoritarian governments. Great Britain was not democracy not until after the WW II by the force of USA. But like USA, they are still ran by the Corporate elites. German also was force to have democracy. As for North Korea because after the WW II America divided the Korea Peninsula with the Axis of Freedom in half and sanction North Korea for getting the food from outside, now with Russia North Korea will not go hungry. The Nobel Prize is club of the NeoCapitalism. In America we have the appearance of pluralist democracy but it is rule by the Corporate elites. The appearance says, We the People.. but in reality it is We the Corporations. The election is just the Bread and Circuses, we are in the cave and be happied seeing the shadows. So we have superficial includsive government but extractive economcy of Capitalism. USA government made Corporations as a person and now we have rented ecoonomy from the extractive Corporations. That is much more need to be said about your narrative nonsense but for now I leave it right here with all seeing eye of the Capital Pyamid.

The CCP is not only authoritarian, but totalitarian! Outstanding video Don!

America is a limited extractive economy because it is inclusive for everyone who can further their extraction.

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Help me grow the channel by donating any amount through the link below-your support makes a difference! paypal.me/DonXiang

Excellent presentation on a crucial aspect of economic development with political implications. Thank you, Don.

I’m definitely going to get this book.

Also, your presentation skills have become very good and matched with your direct knowledge of China makes these video's an important source of information.

True, true, true. Now what can the west do to nudge the CCP towards a more inclusive society?

Another great expose of the CCP.

Thanks Don. The Book is available on Kindle.

This is why i watch your videos. Great.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

Tiananmen massacre HAPPENED because the Chinese people wanted to keep the economy and social progress without the CCP regime using the Chinese people as SLAVES but citizens of China.

No. Nobel Prize or not: this discourse totally misses the point fuzzed behind a verbiage of vacuous definitions. A sound state is a strong centralized democracy with a strong social contract (strong welfare), it suppresses all tendencies of undermining the democratic system and its own function from the private sector or other actors, as well as supporting new emerging innovators by taking money from the richer non-innovators.

I suppose the Stuarts were extractive.😆

Did a Chinese inventor experiment with steam power? Particularly during the inventive Song Dynasty? The ancient Greeks invented a steam powered toy, more akin to a steam turbine than a reciprocating engine, by Hero of Alexandria first century BC aeoliphile.

Even a little bit of pluralism in China would go a long way.