China may have a Lost Decade

Discussion in 'Economics' started by TazTheLaz, Apr 16, 2022.

  1. I think they decided to make an example of one of them, the woman.

    Similar to the Jan 6 protesters/trespassers who languished (are languishing?) in pre-trial detention since the event.

    The line between protester and terrorist is what is most immediately convenient for the state.

    In fact, I would say the Western democracies have found the solution to oppress political rebellion quite nicely. Use state controlled media to denounce protesters as terrorists, and then have at them.
     
    #11     Apr 16, 2022
    luisHK, ET180, NoahA and 1 other person like this.
  2. In the short term theres millions of people
    On lockdown and china is sticking to its guns on zero covid. Several apple factories shut down. Ports struggling to accept or ship cargo. Factories idle. Economy struggling, no ?
     
    #12     Apr 16, 2022
  3. M.W.

    M.W.

    In case you have not checked, china's shopping aisles are stocked to the hilt. It's called domestic prioritization. I don't like it either as I can't get a lot of stuff I urgently need but can't fault them for running such policy. Every other manufacturing nation would do the same.

    China's economy is far from struggling. Don't blindly believe the hogwash in North American media. They want you to believe China is a short breath away from bankruptcy. Same game they have played now for decades declaring the euro as currency and eurozone dead. Nothing could be further from the truth. Media in North America are controlled by some very dark forces with blatant self interest, not interest in Americans but interest to only enrich themselves and their kind further.

     
    #13     Apr 16, 2022
    Grantx likes this.
  4. ET180

    ET180

    https://www.zerohedge.com/geopoliti...sed-plans-dominate-washingtons-finances-first

    I think it comes down to culture. US used to be a country that made stuff and sold it around the world. Now we import a lot more than we export. Then look at the next generation. China graduates many times more engineers than the US. Show me a Chinese student who is majoring in gender studies or some other useless major in China. Meanwhile US graduates students from high school who can't even read at the fifth grade level.

    www.oregonlive.com/politics/2021/08/gov-kate-brown-signed-a-law-to-allow-oregon-students-to-graduate-without-proving-they-can-write-or-do-math-she-doesnt-want-to-talk-about-it.html

    A lot of US millennials are clueless entitled snowflakes, but have strong opinions and as very fragile. I watched a video of protestors in Portland attempting to burn down a Federal courthouse in Portland two summers ago as well as lots of other violent actions. They are quick to yell injustice (as well as mostly profanities involving the f-word apparently due to a very limited vocabulary) and claim they are resisting Nazis (really anyone who does not share their thinking), but if they were in the shoes of the Ukrainians right now and facing an actual threat, they would run or surrender. They only "resist" when they know there's not actually any serious resistance (worst case, they get bailed out by corrupt DA the next day). While too many US kids are trying to become TikTok influencers and eating Tide Pods for attention, the Chinese seem to have cultural values that better prepare them for success. Mostly valuing hard work, education, and delayed gratification. That's the biggest issue I see. Cultural. Hard to change.

    I don't like seeing the world move towards autocracy. I don't see anything to stop the trend. Maybe the gross gender imbalance due to bad one child policy and low birth rates will hurt China. Maybe the CCP's desire for more and more control will finally back fire. But I see the US falling further behind and I think our debts could really become a bigger issue for us sooner rather than later.
     
    #14     Apr 17, 2022
    The_Krakenite, NoahA and M.W. like this.
  5. TazTheLaz

    TazTheLaz

    This is the most reasonable argument I have seen in this thread.

    It seems China and the U.S. have unique faults. It is just a matter of which ones are worse.

    You mention that Millennials will cause the destruction of America (True, based, redpilled, and kek), which seems to be becoming more and more true as time passes. All we have to do to fix the future generations is to teach the lessons from the Bible. TikTok, porn, and other things which destroy our society are all incarnations of the devil, and having a populace that rejects these will only stand to benefit our society.

    Just realize the behavior, and impulsiveness of people in recent decades is caused by self worship. No wonder, people humiliate themselves in front of a camera for 15 milliseconds of fame.


    Back on topic, China seems to be in a better shape when you look in the short term, but in the grand scheme of things, Western Civilization is superior in every regard.
     
    #15     Apr 17, 2022
  6. M.W.

    M.W.

    Relative to China I would tend to agree although a lot of values and good traits were destroyed and got lost during the cultural revolution. In the case of Japan I would very much doubt this claim. I found Japanese culture and civilization in almost every regard to be superior to western principles and ways of life. All that in the full knowledge that personal freedom always calls for compromises and tradeoffs.

     
    #16     Apr 17, 2022
  7. The Japan still has the world's third most traded currency. That said, the world's next reserve currency most likely has to be from China. The real question is, will there be more than one? It's possible that despite China's efforts to ban Bitcoin, the world will still keep a variant of crypto as one of the world's reserves. This is hard to predict for sure.

    The only thing we know for sure is that America is woke & broke, and the downward spiral can't be stopped at this point. US dollar is headed to zero and Biden pretty much put the last nails in the coffin.
     
    #17     Apr 17, 2022
  8. ET180

    ET180

    Here's another article...hard to go a day or two without reading something on ZH that documents the decline of America.

    https://www.zerohedge.com/political...ests-take-over-schools-journalist-luke-rosiak

    Talks about the dumbing down of the education system driven by special interests (teacher's unions). Here we are banning the SAT and any merit based exam while spending tens of thousands of dollars per child on education (govt daycare for many). Actually worse, some states are looking at removing advanced math classes as they go against equality...you know, because if some students know more than others, then that would give them better opportunity in life and we can't have that.

    https://www.wsj.com/articles/california-leftists-try-to-cancel-math-class-11621355858

    Contrast that to China and India where basically the course of your life is determined entirely be a few very crucial exams and they don't spend anywhere near as much as the US on education. Problem is cultural. Hard to change that.
     
    #18     Apr 17, 2022
  9. M.W.

    M.W.

    Was with you until the last sentence. In most of the world, including most parts of Asia your life is determined by which womb you crawl out of, not much else. The 0.01% (1 in 10,000) are exceptionally talented and will do well no matter what but that number also represents the far right of the distribution. All the rest's lives are determined at birth. That's perhaps the biggest advantage I see in the US over most other parts of the world. I hate seeing the destruction of striving for equal opportunities in favor of equal outcomes.

     
    #19     Apr 17, 2022
  10. ET180

    ET180

    That's true. Actually

    "In most of the world, including most parts of Asia your life is determined by which womb you crawl out of, not much else."

    If we're talking China during one child policy and perhaps even currently, if you are a female, then you have lower odds of even making it out of the womb alive or perhaps out of the bathtub alive. Unfortunately, that's also cultural.
     
    #20     Apr 17, 2022