Essay: Why the USA's per capita income is MUCH higher than China's

The United States will likely be the strongest country for the foreseeable future and this is is due to the strengths of the USA and partly due to the weaknesses of China and Russia.

See: The United States will be the leading power in the world for the foreseeable future

Previously, I wrote the essays at:

• High income countries are rarely authoritarian countries in our technological age driven by innovation
• Additional data that high-income countries are rarely authoritarian countries
• The USA has one of the highest labor productivity rates in the world - significantly higher than both China and Russia
• The genius of the founding fathers of the United States, happiness and labor productivity
• The United States will be the leading power in the world for the foreseeable future
• Skepticism about China remaining a global power
• It's time to be very bearish about China's long-term economy
• The rising rule of communist idiocracy in China

Before reading this essay, please read the above essays as they give some key information related to this essay.

Key statistics and information related to USA's per capita income being over 300% higher than China

Please see: It's time to be very bearish about China's long-term economy

See also: List of countries by GDP (PPP) per capita

USA:

• GDP (PPP) per capita in 2024: Approximately $81,500 for the USA using the purchasing power parity (PPP) per capita metric

• World ranking in 2024: Ranked 8th in the world in terms of GDP (PPP) per capita

China:

• GDP (PPP) per capita in 2024: Approximately $24,500
• World ranking in 2024: Ranked 74th in the world in terms of GDP (PPP) per capita

Source: Why is the usa's per capita income much higher than China's?</ref>

Explanation and additional information:

China's economy is facing a number of serious challenges, including:

• Chinese real estate crisis (2020–present): A real estate crisis has left developers in ruins, with unsold apartments, failed investments, and huge debts. The property crisis has also affected consumer confidence and local governments' ability to generate funds.

• Slowing growth: China's economy is slowing down, with GDP growth falling behind the government's target. Measures of consumption, factory output, and investment have all slowed more than expected.

• Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024. See: Youth unemployment in China

• China's Massive Debt: China's debt hangover is a result of years of inefficient stimulus spending. "Since 2021, the debt-to-GDP has climbed by almost 30 percentage points to 310% of GDP in the second quarter of 2024 — and is set to climb further to 312% by the end of this year, according to Morgan Stanley." (China Economy: China’s local government debt problems are a hidden drag on economic growth, 2024).

• Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.

• Aging population: China's population is aging rapidly.

• Protectionism: President Xi Jinping has provoked a protectionist response from the United States.

Many experts believe that China's economic growth is barely growing at all and that the Chinese Communist Party is publishing fictious statistics indicating that it is growing. The government is aiming for economic growth of around 5% for 2024, but many analysts believe this target is unrealistic.

Chinese communism and militant atheism

See also: China and atheism and Atheism and communism and Militant atheism

During the Great Proletarian Cultural Revolution, it was required for every Chinese citizen to own, read, and carry at all times Quotations from Chairman Mao, also known as "the little red book". The little red book advocated communism and atheism and it is estimated that about 5 billion copies were printed during the Great Proletarian Cultural Revolution.

Atheism is a core tenet of militant communist ideology (see: Atheism and communism). In 1955, Chinese communist leader Zhou Enlai declared, "We Communists are atheists".

In 2016, the International Business Times reported: "A senior Chinese advisor on religious affairs has said the country should promote atheism throughout society, in remarks that appear to reflect a deepening campaign to reinforce traditional Marxist values in China — and could add to concern about official attitudes among believers in the country’s five officially recognized religions."

In 2014, the New American website indicated: "The Communist Party of China (CPC) is letting its members know that the party’s official adherence to militant atheism has not changed; Party members are not allowed to be Christians, or to hold any other religious beliefs. That is the clear message sent by a top Party official in an editorial published on November 14 in the Global Times, the international version of People’s Daily, the official newspaper and mouthpiece of the CPC."

There is growing persecution of Christians by the Chinese government. Historically persecution has often been an ineffective means to stop the growth of Christianity in a region. Persecution and exponential Christian growth have frequently coincided. On the other hand, persecution often coincides with diminishing Christianity.

China, state atheism and persecution

See also: Communism and religious persecution and Growth of Christianity in China

In 1999, the publication Christian Century reported that "China has persecuted religious believers by means of harassment, prolonged detention, and incarceration in prison or 'reform-through-labor' camps and police closure of places of worship." In 2003, owners of Bibles in China were sent to prison camps and 125 Chinese churches were closed. China continues to practice religious oppression today.

The efforts of China's atheist leaders in promoting atheism, however, is increasingly losing its effectiveness and the number of Christians in China is rapidly growing (see: Growth of Christianity in China). China's state sponsored atheism and atheistic indoctrination has been a failure and a 2007 religious survey in China indicated that only 15% of Chinese identified themselves as atheists.

Atheistic, Chinese communism and torture

See also: Atheistic communism and torture

The Chinese communist regime has used beatings, harassment and torture to suppress religion in China and continues to use these practices.

China, religious persecution and involuntary organ harvesting

See also: China and involuntary organ harvesting

Several researchers — for example, Canadian human rights lawyer David Matas, former Canadian parliamentarian David Kilgour, and the investigative journalist Ethan Gutmann estimate that tens of thousands of Falun Gong prisoners in communist China have been killed to supply a financially lucrative trade in human organs and cadavers, and that these human rights abuses may be ongoing concern.

Atheism and its anti-civilizational effects

See: Atheism and its anti-civilizational effects

Are some cultures better than others?

• Are Some Cultures Better than Others?

Cultural characteristics of the most productive countries per capita

See also: List of countries by GDP (nominal) per capita

Pareto principle and the world's wealthiest regions: Pareto principle and share of world GNP

Liechtenstein:

Austrian/French/German influences, business-oriented, Roman Catholic, low debt as a nation, into the arts/music (Creativity/Openness), low television watching

Austrian culture: The Untold Story of Vienna’s Global Influence. Catholic. The values of cooperation (See: Agreeableness/harmony), politeness, formality, gemütlichkeit (warmth or happiness), neutrality/peacefulness, conservative/moderateness, artistry (Openness/creativity), privacy, directness and practicality (See: Austrian core concepts and An introduction to Austrian people).

French culture: Liberty, equality (All citizens have the same rights and obligations), fraternity, intellectualism, formality, courtesy, individualism, and artistry (openness/creativity). See: French core values. See also: Why I’m Bullish on France, and French Tech and I’m bullish about France, but few agree, 2024

German culture: Efficiency, punctuality (See: Time management), order and organization, family, community, strive for perfection/excellence/precision, critical thinking and practicality (See: German core values).

Luxembourg:

Roman Catholic, Openness (multilingual and multicultural country), pro-European, cautious, and rich cultural history in music/painting/photography

Monaco:

Tourism and banking. Low income/business taxes. Roman Catholic.

Singapore City.

Singapore:

• Singaporean cultural core concepts: Efficiency, cultural concept of "face", harmony/agreeableness, Confucianism, Discipline, Motivation, Modesty and Cleanliness. Former British colony.

Core British values: Democracy, rule of law, stoicism, diligence, class, respect, tolerance, individual liberty, politeness, reserved, fairness, regional diversity (tolerance) and humor (See: British core values).

Switzerland: Switzerland is 32% Catholic and 20% Swiss Protestantism in 2022.

Punctuatual (Time management and reliability), openness, commitment to quality and excellence, sense of community and civic responsibility and balanced view of life (See: The Swiss Character: How Are Swiss People?. German, French and Italian influences.

Italian core values: Italian core values

USA:

Openness/creativity/innovation, business orientation and freedom. Church attendance much higher than Russia's and Europe's. See: Christianity and social stability

British influence. Germanic cultural influence in much of the country. Irish and Italian cultural influence in the Northeast. Japanese cultural influence in Hawaii. Western civilization cultural influence (Christianity, Roman/Greek, Enlightenment). See also: American culture

Ireland:

Core cultural tradition: Strong family values, Christian influence, sense of community, wit, modesty/humility, ingenuity/resourcefulness/creativity, patriotism, warmth, mateship, love of storytelling and an appreciation for tradition (See: Core Irish cultural concepts and Cultural of Ireland)

Norway:

Highly developed mixed economy. Oil wealth. Openness. Strong sense of community. Freedom. Equality under the law. High civic engagement. Humility. Respect. Tolerance. Love of nature.

Nordic values: The Nordic countries share values such as openness, trust, innovation, sustainability, and humanity. See: Nordic values

In Norwegian business culture, some values include:

• Flat structures
• Cooperation
• Informal and quick communication
• Trust among people
• Balance of work and private life
• Punctuality and honesty

Bermuda:

British/Caribbean/Portuguese/African/Native American/American cultural influences. Protestant/Christian influence.

Cayman Islands:

British Influence, tourism and financial services.

Isle of Man:

Irish influence. Low-tax economy with insurance, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy (See: Economy of the Isle of Man).

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See also

• Why the corrupt, authoritarian regimes of China and Russia are losing their long term competitive edge relative to the USA
• Top 12 reasons why people are flocking to the USA and leaving the corrupt, authoritarian countries of China and Russia
• Business is more powerful than military might. All REAL Americans know this!
• Why the USA's per capita income is MUCH higher than Russia's