A quick and very dirty calculation
India Economy = 4 trillion (PPP)
China Economy = 10 trillion (PPP)
India consumption = .55 to .60 or 2.2 to 2.4 trillion
China consumption = .35 to .40 or 3.5 to 4.0 trillion
India Gini around .4; China Gini around .6.
In totality the rich in China are stiffing the poor even more than in our benighted country; now they are even sending them back to the farms, as our Shiv Sainiks would like to do with our internal migrants. (Be careful about your wishes - growth in Bimaru states will soon leave Mumbai at the mercy of native help).
There should be some really unhappy Chinese around. Will the tanks get them or will they get the tanks, that is the question.
Tuesday, August 30, 2011
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