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Canada’s Richest 86 Families As Wealthy As Poorest 6.2 Million (www.readthemaple.com)

submitted 2 days ago by CowsLookLikeMaps@sh.itjust.works to c/canada@lemmy.ca

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[-] VeryInterestingTable@jlai.lu 19 points 2 days ago* (last edited 2 days ago)

That's literary the number one feature of capitalism. It only benefits the people who have capital and as times goes on the people who do have more capital get more and people who have less capital get less, rinse and repeat until you reach feodalism lol.

[-] Sepia@mander.xyz -5 points 2 days ago

That’s literary the number one feature of capitalism. It only benefits the people who have capital ...

That's a widespread misunderstanding. If this were the number one feature of capitalism, then China would be the most capitalistic country worldwide. There is MUCH more inequality in China than anywhere in the West, including Canada. In addition, inequality in China has been increasing in the last decades, particularly in the last 10 years.

[-] yogthos@lemmy.ml 1 points 21 hours ago

I have only one question here, how much glue did you eat before writing that comment?

[-] avidamoeba@lemmy.ca 5 points 2 days ago* (last edited 2 days ago)

In case anyone believes the China-bad sockpuppet you should look out of the window when they say it's day or night, here's China's Gini from the World Bank:

[-] Scotty@scribe.disroot.org -1 points 2 days ago

Are you aware that the source you provide contradicts your own narrartive?

The Gini Index according to the World Bank in any democratic 'capitalist' country is lower than in China, in many countries even by a third. And the Gini provided by the WB is even lower than China's official index as the World Bank factors in lower prices in rural areas. This means that China's inequality is even higher according to the Chinese government's own data.

@avidamoeba@lemmy.ca

[-] yogthos@lemmy.ml 1 points 21 hours ago

Are you aware that you can just not write idiotic comments online all day?

[-] avidamoeba@lemmy.ca 3 points 2 days ago

It's nice to see both of y'all show up in the same thread. You should bring the rest to strenghten your posse.

[-] Scotty@scribe.disroot.org -1 points 1 day ago

The only posse here is the series of absurdly false propaganda narratives spread by you and your 'Canada bad, China good' club here. The comments you made here are, again, false.

[-] avidamoeba@lemmy.ca 3 points 1 day ago

I see you got caught a wee bit in your primary hunting ground so now you got extra time to troll us here.

[-] Sepia@mander.xyz -1 points 2 days ago

@avidamoeba@lemmy.ca

Is there a special reason why you frequently turn to this sort of second-hand intimidation in your posts? Do you think your often misleading and - as in this case here- false information is more credible then?

The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the share of public property in national wealth declined from 70 percent to 30 percent. We provide sharp upward revision of official inequality estimates. The top 10 percent income share rose from 27 percent to 41 percent between 1978 and 2015; the bottom 50 percent share dropped from 27 percent to 15 percent. China's inequality levels used to be close to Nordic countries and are now approaching US levels. Source

Inequality in China has been further increasing in China in the last 10 years by all comparable standards. Some numbers for comparison can be found here :https://wid.world/world/#shweal_p90p100_z/US;FR;DE;CN;ZA;GB;WO-PPP;CA/last/eu/k/p/yearly/s/false/37.836/125/curve/false/country

As everyone can see, and as evidenced by a strong body ol research, China is among the least equal societies on the global.