- cross-posted to:
- politicalmemes@lemmy.world
- memes@lemmygrad.ml
- cross-posted to:
- politicalmemes@lemmy.world
- memes@lemmygrad.ml
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“Imminent collapse” is a fairly common theme among modern economies
a common theme song among capitalist economies
An evil authoritarian regime that is committing human rights abuses and does not follow democratic norms … but we’ll do billions of dollars worth of trade with them and base a lot of our industries around trading with them. But they’re still evil.
Yeah that tracks, same with Saudi Arabia and Israel.
Being aware of America’s abuses of power is good. Being contrarian and acting like everything they’ve ever said about China is a lie is bad.
most of what they say about it is a lie though.
Are you talking about China or the US?
yes
Love how the exact same thing is now being said about the US lmao (the collapse part at least), I LOVE the media machine
hahahaha this one is hilarious
FEED THE MACHINE
Open up for trade! Wait no you’re not supposed to benefit, only us!
It is economy
China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.
What no theory does to a mf
What theory?
These two aren’t necessarily mutually exclusive.
What is mutually exclusive, though, is reality and China’s “imminent collapse” which has been looming just around the corner for the past 20 years
Idk people are saying the same things about the western markets as they have been for decades. Maybe a significant portion of people are just naturally drawn to crash prophets.
i’m not aware of people saying that about western markets until recently.
Pundits have been predicting the economic collapse of the PRC for decades, there’s an entire sub-industry dedicated to “China Watching” that makes good revenue from predicting xyz economic collapse, and it exists because the West wants the PRC to open up its markets for foreigners to plunder freely, rather than the current situation where trade in China is heavily controlled and managed.
I promise that China will collapse tomorrow.
It is written.
Agreed. I’m not saying that “collapse is imminent is accurate”, but don’t act like these are mutually exclusive when the idiom “a candle that burns twice as bright burns half as long” is accurate (to itself - literally the candle).
