China's 'Economic Miracle'? More Like Industrial Revolution Dividends

Some people keep saying that China has achieved an 'economic miracle', but I don't agree with that. It's actually not that miraculous, just normal. Think about it: It's like saying a kid who eats a whole pizza is a 'miracle'. No, they're just growing, it's what they're supposed to do!

If you look at the history of the world economy, there are actually many examples like China. Britain went through the first industrial revolution, and Germany became the second largest economy before World War I, second only to the United States. Japan also became the world's second largest economy after World War II. These are all pretty big deals, right? But they weren't miracles, they were just the result of progress.

They all benefited from the industrial revolution. So China's achievements are not surprising at all, it's just the dividend of the industrial revolution and the result of the operation of economic laws. Like, imagine you invest in a company that's about to become super successful. You're going to make money, right? It's not a miracle, it's just good business.

It's not really a miracle of the Chinese economy. It's just the natural result of a growing economy.