Posted on 10/28/2022 5:59:15 AM PDT by MtnClimber
With Xi Jinping’s stunning shift back into Maoist totalitarianism, China is destined to become an economic mess once again. China’s opening to the world economy, particularly to the U.S. and Europe, now looks to be over. A new communist dark age will soon descend.
In China’s 20th party congress, which ended last weekend, we saw a very ugly glimpse of the future for the Middle Kingdom.
Not only did Xi cement his position as absolute ruler of the nation of 1.4 billion, but showed he’ll do anything to keep power. The image of an aging former President Hu Jintao apparently forcibly being led out of the congress by security is an ominous statement of what Xi has in store for the entire nation.
Faced with the sudden shock of what’s to come, China’s financial markets crashed on Monday, as investors realized that it’s no longer the promised land but now a prison-house economy in decline.
It was just 2014, a mere 8 years ago, that liberal Nobel Prize-winning economist Joseph Stiglitz heralded the advent of the “Chinese Century.” He and other leftist intellectuals fell in love with the notion of what could be accomplished economically with an authoritarian regime such as Xi’s.
No more saying no! No more dragging your feet! The government can do what it wants, without having to worry about all those pesky free-market naysayers!
The New York Times’ Thomas Friedman summed up this thinking best when he mused on Meet The Press back in 2010:
“I have fantasized — don’t get me wrong — but that what if we could just be China for a day? I mean . . . where we could actually, you know, authorize the right solutions, and I do think there is a sense of that, on, on everything from the economy to environment.”
Elsewhere, he enthused over “one-party autocracy” ruled by “enlightened” people, such as China. This is a classic “progressive” vision.
Will China invade Taiwan before a new congress is seated?
No . China has no intention of invading Taiwan . Must stop believing all the anti- China propaganda . Xi is leading a country with 1.4 billion people of 56 different ethnicities, bordering 14 countries. China is extremely complex. On top of this, many in the “ West “ have had their knives out for China for a while because it is viewed as a peer competitor .
government monopoly + government bureaucratic management+ central planning + government controls + force = chaos + destruction
TLDR, so I shouldn’t open my mouth, but I believe this article is decrying the fall of psuedo-capitalism in China and the return of MAOist communism, and everything is destined to fail. I would suggest that there are historical examples of economies being nationalized as a method or revival (not collapse) and the one that comes to my mind does not bode well for the our (the world’s) future. I apologize for this Reducto Ad Hitlerum, but Nazi Germany socialized and nationalized their economy to create their war machine, and the world suffered because of it.
But instead they decided they wanted to pay 2 cents for a paper clip instead of 2.2 cents.
Taking a page from the Hongxi emperor and his successor, who shut down the treasure voyages, and most maritime trade, turning China inward just as the West began looking at the global picture.
As usual when liberals are enjoying these mental wank-fests, they ignore two flies in that wonderful totalitarian soup.
1. Why would the best minds EVER end up in government?
2. One size really really does not fit all. Really! It takes that number of minds, and superior ones at that (sorry, government-lickers) to make the best and most robust economic decisions.
China is scum. It’s collapse cannot come swiftly enough.
You are an apologist for murder and tyranny.
Yeah, they have officially 55 (or so, I forget the exact number) minorities, but the overwhelming majority of the population is Han. The borders of the CCP empire — except for Mongolia, and parts of it still possessed by Russia — coincide with those of the Qing empire, because that’s the land “China” is supposed to rule. The 55 minorities are there in the world to obey, and to make money for, the CCP leadership.
All countries are “complex.” Their governments are not all as brutal, as repressive, their leaders as eager to cultivate hatred of the foreign as the CCP now is. The next few years are going to be a dangerous time, as the CCP copes with the fruits of its self-imposed isolation and decline even as it tries, with as much violence as necessary, to remake the international order. That order is imperfect, but a lot better than any in which the CCP would be calling a lot of the shots.
That, not bromides about “complexity,” is the reality.
China doesn’t have any products or military technology that it didn’t steal or buy from us. They are not going to dominate any markets without a rule of law in their country, and I’m sure even Bill Clinton didn’t sell them our best weapons.
imho the biden admin by constantly baiting the chicoms has unmoored Xi and the communists there.
the sec of state blinken has started to say recently that the chinese have moved up their schedule for the invasion of taiwan.
ya think?
do you have a feel for how soon the invasion will come?
China is more complex than most outsider understand, and I might have bought the China-is-no-threat line before they developed a blue water navy, created fake island bases, claimed the entire South China Sea, began buying friends throughout the globe, created spy centers throughout the west, etc.
But the premise of the report is correct, Xi just killed the goose that laid the golden egg.
One would think that chip makers and other critical industries would have moved many of their facilities out of Taiwan years ago.
It pretty much doesn’t matter what Xi does as there is likely noway to reverse the financial blows from the real estate housing construction markets mostly due to his central planning ‘three red lines’ edict like his ‘zero tolerance’ covid edict.
30% of the Chinese economy or about US$60 trillion is tied up in the real estate market. Much of that is tied up in Ghost Cities all over China. They are just concrete shells, but now thanks to Xi cannot be refinanced. And because they are shells, they cannot be sold as actual places that people would want to live in (feng shui ).
So the entire edifice teeters on collapse.
Watch this 13 min video for more in-depth info - SerpentZA:
The Secret behind China’s Ghost Cities
https://www.youtube.com/watch?v=wJ8JBTIVUVw
What we need is another Ronald Reagan to stand up to China, the way Reagan stood up to the Soviet Union. I believe we had that with Donald Trump, but will we ever have someone like him again?
Taiwan is a low level symbolism for the mainland.
Formosa isn’t key to China’s ethos as say Chang’an or Beijing.
It isn’t critical in terms of resources.
I think far more for China’s sense of middle kingdom is to get back Russian controlled manchuria and to get back Mongolia. And have dominance over central Asia
I agree.
Tibet, Uighurstan and Manchuria to be free.
Some do it willingly: "I do it for Chairman Mao,The Great Helmsman" and some are unwilling "Comrade,we know where your family lives".
Don't forget Fang Fang. Don't forget Feinstein's driver.Don't forget the thousands that we never hear of.
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