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re: China is currently not an economic threat and is imploding internally.
Posted on 3/20/24 at 8:55 am to GumboPot
Posted on 3/20/24 at 8:55 am to GumboPot
quote:
The kryptonite for MMT is declining demographics. China's one child policy is coming home to roost.
This hasn't even started to affect them yet.
This decline is a lack of actual economic development within the population.
China is just showing that you can't "skip steps" and it will ultimately fail. They did better than, say, your average SSA country, but it will ultimately fail. This is why India, the Asian Tigers, and other areas of SE Asia aren't going to face the same back slide.
1
Posted on 3/20/24 at 9:06 am to SlowFlowPro
quote:
This hasn't even started to affect them yet.
If true China's economic woes will be compounded.
quote:
This decline is a lack of actual economic development within the population.
China is just showing that you can't "skip steps" and it will ultimately fail.
It called communism. State owned means of production that quashes human creativity and ambition.
Couple that with the demographic time bomb about to go off in China, hopefully it leads to a revolution. A revolution were the CCP is crushed forever.
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