No, it’s not. But most people when they think of China think of billions of people working at dead end factory jobs for pennies a day. Simple statements like the 25% one help people wrap their minds around how large of a population China actually has.
The biggest problem in this country is we have a huge population who simply don’t value education. They think some politician is going to come up with a magic policy to save them from the world markets.
“Most People” Shop @ walmart, believe that a Camry is a foreign car, believe that US colleges are top tier, hell - most people are excited about tax stim checks…
Why shouldn’t they expect the politicos to save them? Theres a vast precedent of just that… even in just the last few years.
Mortgages; Katrina; Baseball; Tax cuts… all things that fit perfectly in the instant gratification American lifestyle where personal responsibility is non-existent.
Which is exactly why I liked this video. There was nothing there I didn’t already know, but it was done in a way that makes it very easy for people to grasp.