“So, if the PRC is a bubble and goes ‘pop’ how much of the world do they take down with them?”
“So, if the PRC is a bubble and goes ‘pop’ how much of the world do they take down with them?”
100% would be my guess.
I made the following post on a similar thread. I think it goes along with this thread too.
The question to me is not whether China is Rich or Poor but how far is the CCP willing to go before it is all brought back under tight control. They have a huge question before them. Is the wonderful growth and potential prosperity for all worth losing the total control they have enjoyed since Mao’s revolutionaries won their war against the Koumintang?
Only they can answer that, Economic Freedom and Total Political control don’t co-exist very well. Of course on the CCP’s side in this question is China’s Five thousand year plus history giving the Emperor’s and their Mandarin’s unconditional control of the populace.
It will be of historical interest to look back in time several hundred years from now. But today? Today I shudder, living in ‘Interesting Times’ is not a good thing from my point of view.