Let’s hope that a better system comes out of all of this chaos.
Here here’s This is a key point. Even without all this, the world’s existing systems of Government have a challenge ahead of them with emerging digital intelligence. We rarely can predict or even conceive of the next era when the previous era is in retrograde before big changes, though people like to pretend it’s all very linear and predictable in history books.
No, that’s mostly a PSYOP too, my 五美元 friend.
LLMs go schizophrenic long before they get anywhere close to human intelligence:
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
“Socialism” but without any of the social safety nets, from what I hear. Lots of retirees getting their pensions reduced, their personal savings in the form of real estate (~75% of household wealth) sinking in value, can’t even see a doctor without waiting for months (unless paying high fees out of pocket), high debt loads both public and private, deflationary pressures, and oh, the whole population shrinkage thing i…
> Lots of retirees getting their pensions reduced, their personal savings in the form of real estate
In socialism, there’s no need for a pension. The state will decide what to distribute, how much and to whom.
> can’t even see a doctor without waiting for months (unless paying high fees out of pocket)
In socialism, you get allocated resources and services from the “community” aka state. When resources are finite, you wait in lines. We’re already seeing that in nations with socialized healthcare without a private option
> the whole population shrinkage thing in the long run
Thank you for bringing that up. All modern economic systems, socialism included, require growth.
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
Did Xi hijack the CCP --- or did the CCP try to hijack capitalism and Xi is just their frontman?
That was their hope that Xi would be an easily controlled puppet. If that was the case, it would still be business as usual without the giant messes of Wolf Warrior diplomacy, the ending of one China two systems policy, and the kidnappings of Jack Ma and other capitalist elites which has led to decoupling and a mass exodus of said elites and as many assets as they can take.
Xi is not their front man. Xi is now their ruler who wants to regress China back to Mao’s system.
The CCP also adopted capitalism. I don't see how they hijacked it.
I really wish I could enjoy China. But the downsides of being a Western in China are too big and since it's somewhat rooted in the culture by now ( arbitrary laws), I shouldn't go... Ever
There are millions of Americans doing business in China, 2 Michael's in jail isn't something that can be considered an arbitrary law as much as Canada keeping a Chinese citizen in jail.
You're lying. Canada acted on a US-warrant ( not an arbitrary law) and her "jail" ( the CFO of Huawei) was in a luxury mansion.
The 2 Michaels China retaliated against, weren't as comfy as her.
Those businessmen are less and less inclined to travel to China.
Here's a lawyer with expertise on the topic, it's a lot more troubling than your "2 Michaels", lol.
China is only solving its own problems, including the high leverage, high debt, and unequal wealth distribution that everyone has mentioned. These have nothing to do with Western countries. If there is any relationship, it is not on a political level, it is merely business. China only wants its common people to live better lives, that's all.
NYC vacancy rates are single digit, while Shanghai is around 15% and Nanning is around 25%. It’s incomparable. Imagine if 25% of the apartments in NYC were completely vacant. https://landgeist.com/2021/11/04/housing-vacancy-rate-in-chi...
Sounds absolutely great, since when is having a surplus of basic needs a bad thing? if a country produces too much food, water or electrity everyone thinks its great, but somehow housing is different? What would majority of NYC residents who rent think of that market?
First, having extreme excesses of anything is a waste. Imagine a city where 25% of the houses were abandoned. That’s Detroit. It’s not good. It’s blight.
Second, they are being financed in a Ponzi scheme with rents that are so high no one can rent them. They aren’t really built to be lived in. They’re being built to be built to drive debt investments.
Third, if you produced way too much food, it rots. If you produce too much electricity, it is wasted into the ground. Water into the ocean. That’s pointless and a waste.
By many measures, China looks and smells like it's already in the early stages of a major financial crisis and deep recession.[a] Publicly, the ruling party adamantly insists otherwise -- but that's always to be expected from politicians. We ought to consider only the data, not what they say. The data looks and smells really bad. My biggest hope is that the economic pain will induce soul-searching and push China away…
By many measures, China looks and smells like it's already in the early stages of a major financial crisis and deep recession.[a] Publicly, the ruling party adamantly insists otherwise -- but that's always to be expected from politicians. We ought to consider only the data, not what they say. The data looks and smells really bad. My biggest hope is that the economic pain will induce soul-searching and push China away…
Sycophants
Thanks! Actually, it looks like both spellings are acceptable, but "sycophant" is more common. Maybe using the less common spelling was a Freudian slip on my part...?
China is only solving its own problems, including the high leverage, high debt, and unequal wealth distribution that everyone has mentioned. These have nothing to do with Western countries. If there is any relationship, it is not on a political level, it is merely business. China only wants its common people to live better lives, that's all.
Since 1840, China's goal has always been national independence and harmonious coexistence with the countries of the world. During this period, China also experienced democracy under capitalism, but these all failed under the dual interference of the United States and the Soviet Union. You may also say that China eventually chose to be like the former Soviet Union, but as long as you walk around a little, look around a little, come to China and see, China is completely different from the former Soviet Union. If people lack basic understanding of history, but rely on biased media propaganda, adopt preconceived views to treat China, or anything, it would be inappropriate. Moreover, even up to now, China is still willing to coexist peacefully with any country, and China's politicians and civil servants are still open enough. If we do not cherish such a rare atmosphere, one day in the future, when all countries' politicians adopt populism and warmongering, no one will have any good results.