Posted on 04/06/2022 5:48:18 PM PDT by SeekAndFind
Lock Downs will ruin an economy.
Been watching this. I think this, along with the ChiComs hoarding all that grain at Dailin will make things very unpredictable.
At there are some tall buildings they can jump off of.
At least there are some tall buildings they can jump off of now.
This house of cards is just starting to collapse. The wealthy in China have been trying to get their wealth out.
How about a trade?
Most student loans — about 92%, according to a July 2021 report by MeasureOne, an academic data firm — are owned by the U.S. Department of Education. Total federal student loan borrowers: 43.4 million. Total outstanding federal student loan debt: $1.61 trillion.Feb 23, 2022
https://t.ly/j3rN
The underlying real estate always has value, dumb students with worthless degrees/ not so much.
Impossible. I have it good authority from multiple Freepers that the Chinese plan centuries ahead while Americans can’t see past the next quarter.
Capitalism isn’t as effective when mixed with a commie control societies. That hurts China.
So yeah they can plan further ahead - move faster and often have have smarter leaders... but in the long run our system’s stronger.
Well as a smart guy on CNBC said a decade ago...
China has central planning by engineers, scientists, and mathematicians, and the US has central planning by lawyers.
Neither is good, but by definition, they win.
Do the replies to articles about China amaze you? They certainly do me.
It’s actually both comical and very sad.
Hope they fail and the people kill, with serious pain, all the CCP plague enablers.
Get the Army do something productive. They are right now useless eaters.
Better they are farmers.
Gordan Chang has been predicting Chinese doom for 20 years now, yet they keep on chugging away. Remember they didn’t waste a dime on the Mideast debacles where we burned $5-7 trillion. They spent their peace dividend on indebting all of Africa and half of S. America to them, and building hundreds of coal plants, aircraft carriers, artificial islands and God knows what else.
RE: Do the replies to articles about China amaze you? They certainly do me.
It’s hard to answer your question unless you elaborate on what you mean by “amaze”.
Central planning. It’s fun.
Sorry for the slow reply - had to drive.
You and I have time in China - you far longer - so you know the countries and the people very well. I have zero time in Taiwan, only the mainland, and 15 years of marriage between two Chinese wives.
Most replies regarding China are from folks who only know what they read in here it seems, without any knowledge other than that - just like mainland Chinese only know lao wai from the news they are given by their media and the tourists they may encounter in larger cities. Of course they carry stereotypes about us, as obviously folks do here as well based on some replies.
The decades of kowtowing to China by our fawning media has made them seem so ascendant and our system failing completely. Yes, our system is being driven to ruin by our homegrown communists, but China has far greater societal and economic issues.
This article you posted above is very accurate, and their economy is built on smoke and mirrors. It looks great on paper, until you look deeper. Kinda like Russia’s military. (And China’s as well.) Big numbers on the papers, but sometimes the quantity doesn’t have the quality that Stalin quoted.
Few Americans have seen the complete inequity in nearly every sector of Chinese life. Many there are very rich now - but the vast majority are extremely poor by our standards. Those people are not shown on the news, it makes Xi look bad, and that is never allowed.
For a nation with 4 times our population, they are still decades behind us in nearly every aspect except education. In education, they are whipping us like there’s no tomorrow.
>>>For a nation with 4 times our population, they are still decades behind us in nearly every aspect except education. In education, they are whipping us like there’s no tomorrow.
Does that explain why China still sends their best students to the US & universities for higher education or is it just IP theft? BTW, good summary writeup!
Not anymore. What is the point of moving the wealth out if it is likely to get stolen on a whim by Western governments?
Ok Pinoccio.
Why Pinoccio?
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