How much does it cost to live in China?
It’s depends which city you want to stay.Let’s see from the Big mac index perspective (invented by The Economist).The idea as a reference point is merely because Big Mac has the (supposed to) same ingredients and McDonald’s offers Big Macs virtually in all cities worldwide. Therefore it’s a great item to use as a standard measure of value across several cities worldwide.With an annual salary of $24,000.00, you can buy approximately 5,010 Big Macs per year in United States at $4.79/piece. That is equivalent to 418 pieces per month or 14 pieces per day.On the other hand, with the same amount of annual salary, you can buy approximately 8,664 Big Macs per year in China at $2.77/piece. That is equivalent to 722 pieces per month or 24 pieces per day.——————————————-Clearly it only provides a rough guide of purchasing power in buying Big Mac per se but does not provide an accurate reflection of overall purchasing power of a monthly pay cheque for an international worker (expat) !In reality, when you're working abroad your cost of living expenses will be determined by a lot of other relocation and expatriation cost based on your needs. Your cost of living will vary depending on your own lifestyle. The best way to make it worth is whether your lifestyle can match the same way as your own lifestyle in your home country.In other words, we can say that to maintain a similar/comparable standard of living as you like to have with USD24,000.00 in New York, you need only to pay USD11,117.22 in Beijing !Use the Cost of Living Calculator spreadsheet to get the best estimate according to your own spending pattern not a stranger spending pattern.Reference/download : World Cost of Living spreadsheet (crowdsourced data)
What do proponents of unbridled capitalism without the right mix of socialism to regulate capitalism think about the fact that less than 50% of Americans can afford the cars that are sold in the US?
Well, first of all, it’s not “the right mix of socialism,” it’s the right mix of fascism. You are a fascist. Your ideal economic model is regulated capitalism along the lines of the model created by the Italian fascists under Mussolini. I know it sounds better to call your model “socialism mixed with capitalism,” but that’s not what it is. Socialism is when the State owns the means of production. Fascism is when the State controls or regulates the means of production.Now, why do you suppose that 50% of Americans can’t afford a car? Because those greedy capitalists refuse to sell cars and make a profit? Or because Barack Obama stepped in like Mussolini and ��saved” the auto industry by paying down the debt caused by a lack of demand and driving up the equilibrium price instead of leaving them to produce an affordable product or shrivel up on the vine, so to speak?You just happened to pick the biggest example of the fascist takeover of US industry in recent history.