SentientHotdogWater t1_j6n9egu wrote
Reply to comment by Indus-ian in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
>A rising tide lifts all boats
It also drowns the people who can't afford boats...
Indus-ian t1_j6nbyzc wrote
It is strange that every economic metric shows open economy improved the quality of life for the poor and lifted them from poverty but somehow economic growth is the problem here
SentientHotdogWater t1_j6ne99a wrote
Embracing free market trickle down economics actually lowered the quality of life for the poor in my county.
Indus-ian t1_j6nfkp9 wrote
Can’t compare countries with different levels of growth and in different phases.
Socialism is a rich country’s economic model. One has to reach sufficient levels of prosperity and wealth to start dabbling in that
SentientHotdogWater t1_j6nm0qe wrote
This would seem to conflict with your earlier assertion that a rising tide lifts all boats?
Indus-ian t1_j6nx9b3 wrote
That’s a very specific instance of tax cuts which may or may not be applicable elsewhere.
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