https://sfba.social/@skykiss/111417071725058123
So that link at the bottom redirects to an NPR interview (https://www.npr.org/2023/11/15/1213287201/how-chinas-weakened-economy-plays-into-talks-between-biden-and-xi) and it's just a bog standard interview? This exchange here is a little funny:
[ARI SHAPIRO, HOST]: How big an economic funk is China in right now? Is this a country in decline or just growing less quickly than it used to be?
[ROBERT DALY]: I think the latter. It's growing less quickly. It is in the midst of its biggest economic crisis since it began opening up in 1978, but I think that many in the West have been too quick and too triumphalist to declare that this is peak China and that China is done. There's - you know, they face structural difficulties, but they still have a lot of strengths.
The guy never makes any sort of numerical comparison between the US and China. The closest he gets is to say that this "economic funk" is nowhere near as bad as the 2008 recession. That "64%" seems to be imaginary.
this is peak China and that China is done.
Glaring at the 1992 Chicago Bulls and announcing, "This is it. They've peaked. They're over as a franchise."
Evidence doesn't matter in the vibes-based international order
Neither does the fact that China's real estate industry is deflating like a balloon, yet China is still netting 5% YoY GDP growth.
BREAKING: Recent analysis shows that since Biden entered the Whitehouse, presidential dumps have registered a 5 point decrease on the Bristol stool chart.
entered the Whitehouse
At least take it out for dinner first, damn
I can't imagine Trump had the healthiest shits either. After all, he was the man who stated people had to flush their toilets "five or six times"
CORRECTION It was 10,15, times.
Trump would have made this claim whether it applies to him or not though. It's just a perfect distillation of vacuous recreational l reactionary grievance politics that it needs no basis in reality whatsoever. It's more self evidently true to them that the commies made the toilets weak than it is that violent crime rates are exploding in immigrant-filled blue cities or whatever.
I don't know man, on one hand you have a country with no structural homelessness, increasing standards of living, no legal sex industry, cheap cost of life, and massive new infrastructure
But on the other hand you have the country with a lot of dollars
We have dollars. We have bitcoins. We have derivatives that pay out based on the split between dollars and bitcoins. We have credit cards. We have car loans. We have bonds. We have reverse mortgages. We have indemnities. We have REITs. We have ETFs. We have high interest CDs. We have Forex markets. We have re-insured pork futures.
Hell yeah, our economy is growing. Wtf does China even have? Soybeans, silicon, and steel? Get fucked, mate.
When I was in China in 2015 every morning when I awoke in my hotel room someone had slipped prostitutes' business cards under my door so there is definitely still a sex worker industry there (at least in Beijing and Shanghai)
Okay I corrected it by including "legal", so like contrary to Japan with brothels in the open. By "sex industry" I also mean the p*****graphic industry and like strip clubs which are totally legal elsewhere but at least banned by law in China
Also I want to add that I'm not bigoted against women who choose sex work when it's made available, but I think that a legal sex industry is a sign of deep institutional sexism for a whole range of reasons
It was clamped down on recently. I know this because sexpats have been whining about this non stop for years.
Yeah, but do Chinese homeowners get to feel fancy when their home values are pushed in the millions?
Didn't think so.
He is making a lot of bombs to drop on defenseless Palestinian children, isn't he
Ofc not you silly tankie. Do you seriously think that the POTUS is making bombs personally? He has way more important things to do. It's funny that you so called communists like to go on and on about the economy but can't grip basic concepts like this.
I can totally believe that the US wastes enough money on bloated healthcare costs, bombs, financial scams and addictive apps that it bloats our GDP figure to exceed China's based-on-reality economy.
I'm pretty sure they can do some accounting magic to include the stock market and derivate heisenberg money to squeeze few % more there. Or just blatantly lie, don't forget this is a country where many billions can flow without any supervision.
USA, losing 40 times in a row:
USA, winning once: we are in a position of great strength
Just like the space race!
Do wonder how much impact is from saying manufacturers will be local vs companies moving to places with even less worker protections/cheap labor
I dont doubt that those numbers are real but I think the numbers come from such a obtuse angle that it makes them seem impressive.
The only thing America knows how to do is look at a bad situation, naturally occuring or not, and ask how can we profit from it? The decline of education, the debt traps and the desire to bring manufacturing back to the US is no coincidence. They want to slowly take the country back to the early 20th century. US economy and society is dying and the powers that be are responding with what can we do to make this swing in our favor.
The future is more of the population with shitty bullshit jobs with no progression or pay and lots of unemployment. They intend to control us that way by keeping a small base of people who can live decent lives with real jobs or atleast ones that pay. Theyll try to leverage our suffering into joining the military to keep the only thing that props up the US economy, imperialism. Basically what we have now, but more of it.
"outpacing china in the stomping homeless people to death industry by 80% and that's something to be proud of"
