I actually see this as a good thing (for us as a nation).
China has been paying for it’s domination by selling cheap crap around the world. But they are not capitalist (in the more traditional view) it is more of a criminal organization. Imagine a large business that seems to be earning billions of dollars but is cash poor. Where did the money go? Graft and corruption.
Without the money stream from Western nations China will soon be facing bigger problems then from the virus.
A lot of their impressive infrastructure was built on the cheap and will not survive over time (including high rises, roads, bridges and dams).
But the best news for the west is that China may soon run out of western currency they use to bribe our politicians and media.
Who would have thought the virus they unleashed on the world would destroy them first.
Good post. So many have gulped the “China is 50 ft tall” koolaid. Very similar bs nonsense as with Japan in the late 80’s.
“...A lot of their impressive infrastructure was built on the cheap and will not survive over time...”
As opposed to the potholes and falling bridges built by corrupt, connected political donor contractors in Illinois, New Jersey, New York, California etc?
A fine observation.
This form of authoritarianism is best described as corporatism, and is being pursued by the largest of corporations worldwide.
Def. — “a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests.”
While all the political science experts make distinctions between socialism, Communism, fascism and National socialism, all are versions of collectives in the sense of corporatism.
As with the treaty between Hitler and Stalin before that break, corporatist entities will collaborate until they must compete with each other. And then they will war. One should not ally or appease a "criminal organization," in your words, but that is just what the "new world order" types have been trying to do. For decades.
I expect China to collapse economically quite like the Soviet Union. It's a matter of time.
“But the best news for the west is that China may soon run out of western currency they use to bribe our politicians and media.”
Then they will blackmail them
We have experienced no major problems getting things we need. Getting rid of China is a good thing.