This is a wonderfully counter intuitive finding from the new Credit Suisse Wealth Report. There're more poor people in America than there are in China. No, really, this is true, when measuring by wealth. We've not got the detailed number of the United States alone as they're offering the information [...]
Libs: This is proof that capitalism is reducing poverty!
China can never be seen to be Socialist because Capitalism can't handle another threat of a better world.
They're right tho. China is a capitalist society, specifically a social democracy. But the underlying economy is capitalist through and through.