Edit2: Income inequality was drastically reduced after the communist parties came to power:
Are you talking about the 10-15 years after the revolutions? That chart shows that today China has income inequality similar to that of pre-1900 China, and higher income inequality than France, Sweden, and the UK. Even more interesting, the US only has 3% more income share going to the 1% than China does.
Also “share of income going to the top 1%” doesn’t really tell the whole story. I think individual purchasing power would be a much more informative statistic.
Are you talking about the 10-15 years after the revolutions? That chart shows that today China has income inequality similar to that of pre-1900 China, and higher income inequality than France, Sweden, and the UK. Even more interesting, the US only has 3% more income share going to the 1% than China does.
Also “share of income going to the top 1%” doesn’t really tell the whole story. I think individual purchasing power would be a much more informative statistic.
for china i am talking until mao died in 1976. for russia income inequality was low until 1991 when the communist party gave up power.