When mentioning China, many immediately think of trips to the Great Wall or night trips around the Shanghai. This Asian country is also the one to be a self-proclaimed communist country that runs on democratic ideals. According to an article in theweek.com, the wealthy 20% of China owns the 47% of the country’s wealth. People are even going to extents of claiming that China are becoming like America. Elites from both nations take clear advantage of the opportunities in global free trade. The Gini coefficient represent the national income distribution. In a graph taken from journalistsresource.org, China has seen a steep increase in the Gini coefficient the last decade while the US is leveling off. Even if the US is trying harder to solve its wealth inequality, other countries are still suffering.
Many attribute their country’s problems to the political parties and the leaders on the podium, a the reason many youths are flocking to Bernie Sander’s speeches. Our little anecdote on Germany’s economy relates to many of our own country’s issues. The presidential election is no doubt bringing a heated debate about wealth distribution and government intervention in business. Many support the idea that the US need to get onboard the reform wagon and that there needs to be serious change to the government. Filling up the arenas where Bernie are giving his speeches, Millennials and the Generation Z are enjoying Sanders’s talk about free healthcare and visa reform for hopes of “a future to believe”.