https://www.businessinsider.com/china-xi-jinping-economy-real-estate-debt-bust-american-companies-2023-10
It's time to imagine a future where China does not become rich but may remain powerful — building its army and continuing to develop its domestic technological capabilities. History has shown that economic privation need not impede China's technological achievement. During the depths of the Maoist purges, the CCP was still able to develop the atomic bomb, the hydrogen bomb, and its own intercontinental ballistic missiles.
Which is why we must go to war with China.
don't westerners ever get tired of reading the same "china's gonna implode" article every day and then it never happens?
Nope, Americans are always edging on foreign policy. Iran is always a month away from having nukes, China is always about to collapse, terrorists are always about to attack.
my conspiracy brain tells me it's not actually aimed at average western readers. During this round of real estate downturn (which started in 2020) there's been some concerted effort both inside and outside china in the business/finance journalism to force the gov to pump out massive amounts of cash and bail out those loser-financiers (perhaps à la USA in oct 2008?). Instead, not only is the gov reluctant to do so, but they've also done the appallingly unthinkable of jailing many CEOs and board members (the gov has also, to my limited understanding of macroeconomics, refused to let those real estate firms declare bankruptcy before they actually finish those construction projects for which people have already paid the deposits and taken on loans). Anyway, there's probably a rather materially cynical reason for all this clamor of "Xi's intentionally letting the economy go bust"
Anyway, there's probably a rather materially cynical reason for all this clamor of "Xi's intentionally letting the economy go bust"
Oh yeah, because bailing out the banks in 2008 definitely saved the US economy from bursting.
History has shown that economic privation need not impede China's technological achievement.
Damn, I wonder what their secret is
They just go to Xinjiang and harvest orphans to toss into the Communism Reactor. God told me about it.
It's too late, Mr. Xi. I have already depicted you as the negative trend line and myself as the gigachad.
Capitalism apologists: "Capitalism brings prosperity! It brings peace."
Capitalism: "oof ow fuck I think I'm crumbling again."
Capitalists: "Let's see if we can use war as a way out of this."
Capitalism apologists: crickets
Lately I've been thinking that the US should try and throw two more wars under its belt to destabilize itself enough for all these stepped-on smaller nations might break free from thr yoke of imperialism.
