91–100 of 544 posts
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Why would it be a black eye to the ccp when they’ve lifted twice as many from poverty as India? And far higher growth, gdp per capita, etc. weird comment https://www.worldbank.org/en/news/press-release/2022/04/01/l...
Are those numbers from China? Is there a reason to trust them if so, considering they would be coming from a brutal, authoritarian dictator?
One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
Those millions who moved to middle class are also helping the layer below them. These lifted households are spending their wealth on house helps, local grocery stores, taxis/autos and a whole lot of other local businesses. This trickle down effect then boosts development in cities where these IT hubs are located. Even more students then want to join these IT companies and enjoy the lifestyle of their seniors thus con…
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Why do so many people on HN hate on China? What's your relationship with Chinese people in your personal life?
Because China is the number one threat to democracy and the US. They also are responsible for stealing hundreds of billions of dollars of IP from the US every single year. https://en.wikipedia.org/wiki/Allegations_of_intellectual_pr... And masters at stealing R&D and tech from US companies for their own use https://en.wikipedia.org/wiki/List_of_Chinese_spy_cases_in_t... https://www.cbsnews.com/news/chinese-hackers-to…
> billions of dollars of IP
I like how your make claims about important societal issues, but the evidence provided is all about money.
One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
Our economies and societies are still pretty fragile, any political shock can start a downwards spiral. Stay vigilant.
Interested in comments from anyone who lives in India or has experience/familiarity with it as to whether reality on the ground matches the rosy picture painted in the article.
It is only when you think back that you realise how bad the situation was back then and how much had changed.
I don't understand poverty statistics. With this news, the UK now has more people living in poverty than India (16% vs 22%?). If it is valuable to judge poverty on relative income, you would think the rational course of action would be mass immigration from the UK to India but that is clearly not the case.
The international definition of extreme poverty means living on less than $1.90 a day. It is the basic ability to survive.
The domestic poverty threshold definition in the UK is whether or not you are able to maintain a fairly stable middle class standard of living.
One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
Be careful with that, I saw the same happening in Brazil between 2002-2012 just to start unraveling quickly after that. Our economies and societies are still pretty fragile, any political shock can start a downwards spiral. Stay vigilant.
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And the USA is doing the same to other countries. It is a given that this happens, and will continue to happen. You measure how strong a democracy is by how well they can resist such campaigns. If some random Russian bots can trigger a coup in the strongest and richest country in the world then, well, that's on us.
“the US is doing the same to other countries” Source? “If some random Russian not can trigger a coup” It’s still an act of aggression regardless of whether the US is equipped to deal with it. While I agree that the US does lots of shitty things, we have way more checks and balances than our key enemies. For one, it is the people who elect those who represent us.
I think it would be naive to think similar programs are not being enacted in the present day.
Hasn't there been recent news about toxic pollution in the region? What good is lifting people out of poverty, if they are lifted out of poverty and placed in a toxic urban environment?
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Those millions who moved to middle class are also helping the layer below them. These lifted households are spending their wealth on house helps, local grocery stores, taxis/autos and a whole lot of other local businesses. This trickle down effect then boosts development in cities where these IT hubs are located. Even more students then want to join these IT companies and enjoy the lifestyle of their seniors thus con…
You seem to be close to the situation. Do you think Indian Walmart is a future inevitability?