this post was submitted on 20 Aug 2023
1048 points (81.6% liked)

Memes

45393 readers
1880 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] BigNote@lemm.ee 1 points 1 year ago

Good. I appreciate the lack of condescension. I still think you are wrongheaded in your analysis, but I am happy to cordially disagree with you while not infantilizing your arguments.

As for China, I think what's notable is that it was able to use command capitalism to achieve its admittedly phenomenal economic success specifically on the back of capitalism.

But now China is facing demographic collapse together with a collapse of its real estate market.

It's in the rest of the world's interest to mitigate China's coming economic difficulties as much as we can, but there's only so much we can do for an economy built on a house of cards.

Mark my words; China is in deep shit economically, and it will be a huge deal in the coming years.