We are always talking about the inequities of the capitalist system of the US, but taking another look at the situation ...
Where does a communist (socialist) country come up with this many billionaires? I thought nobody was supposed to make a "profit" ... or at least have the wealth distributed more evenly than capitalism.After the U.S., China has the world's most billionaires, yet incomes averaged just $3,600 last year.
Experts say it's hard to justify giving aid to China when it spent an estimated $100 billion last year equipping and training the world's largest army and also holds $2.5 trillion in foreign reserves.
"China's made a strategic choice to invest in building its military and acquiring these massive reserves, but at the same time it's underfunding social services, so I think it's going to be harder and harder for donor nations to continue to fund projects in China," said Thompson.Then ...Aid to China from individual donor countries averaged $2.6 billion a year in 2007-2008, according to the latest figures available from the Organization for Economic Cooperation and Development.
Might as well give the $ directly to Africa & cut out the middle-man?China provided around $1.4 billion in aid to Africa last year, according to Professor Deborah Brautigam, an expert on China-Africa relations at the American University in Washington, D.C.