Which country is most comparable to China? 🇨🇳

Normally, it has to be some country in East Asia (i.e., Asians) or Russia (i.e., communists)

Think outside the box 📤

In my reading, one of the closest parallels to China today is 19th century America. 2⃣ Gilded Ages.
China or America? Parallels or opposites?
Coexistence of corruption & $ boom in China is puzzling only when we accept the "idealized" story of capitalism: the West had eradicated corruption & did the right things > boom!

But once we revisit the real history, we realize that China is just as "abnormal" as the West
If we take GDP per capita as one measure, the years 1999 to 2006 in China (under Hu Jintao & Wen Jiabao) are most comparable to America's Gilded Age (1870-1900).
Media mentions of corruption during China's & America's Gilded Age

Spurt of mentions under Xi is because this leader has made anti-corruption his signature policy

Did corruption in the U.S. disappear? No, it changed forms, to types that don't land on 📰 as "corruption"
Why compare China and the U.S.? Helps to be reminded of commonalities: growing pains of a Gilded Age.

We're now living through China's Gilded Age 1.0 vs. America's Gilded Age 2.0.
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