Good. I appreciate the lack of condescension. I still think you are wrongheaded in your analysis, but I am happy to cordially disagree with you while not infantilizing your arguments.
As for China, I think what's notable is that it was able to use command capitalism to achieve its admittedly phenomenal economic success specifically on the back of capitalism.
But now China is facing demographic collapse together with a collapse of its real estate market.
It's in the rest of the world's interest to mitigate China's coming economic difficulties as much as we can, but there's only so much we can do for an economy built on a house of cards.
Mark my words; China is in deep shit economically, and it will be a huge deal in the coming years.
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Good. I appreciate the lack of condescension. I still think you are wrongheaded in your analysis, but I am happy to cordially disagree with you while not infantilizing your arguments.
As for China, I think what's notable is that it was able to use command capitalism to achieve its admittedly phenomenal economic success specifically on the back of capitalism.
But now China is facing demographic collapse together with a collapse of its real estate market.
It's in the rest of the world's interest to mitigate China's coming economic difficulties as much as we can, but there's only so much we can do for an economy built on a house of cards.
Mark my words; China is in deep shit economically, and it will be a huge deal in the coming years.
deleted by creator