what bs
the majority of china is dirt poor. a ‘crash’ would effect a small portion of their population.
BUT, unlike the US, they have a manufacturing base through which to climb out
we don’t
There was a show on the travel channel last year called “An Idiot Abroad.” Ricky Gervais sent a friend of his, Karl Pilkington, to a different country each week to see the seven wonders of the world. One of the episodes was in China. If you can find it, watch it. China is a house of cards built ten times higher than anything anywhere else in the world.
They have a huge peasant population. Every time a farmer gets a tractor, fifty peasants are instantly unemployed and head towards the cities looking for work. They need to find jobs for millions of them every year and now they can’t. The government is trying to prevent peasants from entering the cities looking for work. It is, in the long run, untenable.
Our manufacturing base is quite large still. In fact it is larger than China’s even now. One step further, China’s is really there to sell to the U.S. so there is a lot to think about. America has an excellent base to grow out of anything but this is assuming we can get the Marxist out of the White House first.