Faced with high debt and disappearing wealth, Chinese citizens are going to be a long time building any serious level of consumer demand with which to spur the economy.
Brutally grim data regarding China, and another unassailable analysis by Peter. You’re so smart that I’m going to have to dig out a thesaurus to come up with more synonyms for ‘brilliant’, Peter.
When the USSR mired itself in economic malaise during the 1970s and 80s, the social response was a nation of vodka-swilling drunks, too demoralized to even attempt solutions. I don’t see the young people of China having a similar cultural response. Will they just pass their lives away playing video games, ‘lying flat’, and virtually hanging out with the 20%+ of their generation who are unemployed? Or will a significant percentage of them rise up, find ways to circumvent the CCP, and create a better future for themselves? I don’t know, but I’m counting on the inherent creativity and passion of human nature to at least try!
Their future could be filled with more ‘interesting times’ than we can now imagine.
Glad America did it's stimulus at the right time. Our government saved us from this fate. We had a couple years of inflation but staved off the deflationary depression.
American government meddling worked out pretty well for us.
Thank you Joe Biden. Thank you for not listening to these right wing fools.
I've already written at length about all the ways the (Biden-)Harris Administration has damaged the US economy. You are free to hold whatever opinions you wish, but I am free to laugh at you for holding ridiculous and uninformed opinions.
Feel free to laugh. You seem pretty smart when it comes to China, but hopelessly ideological when it comes to America.
There is no such thing as a government not intervening in the economy. Government policy is always a factor in the economy. It's an absurd ideological fantasy to think it can be another way. The state has always existed to manage the market, since Sumeria.
Brutally grim data regarding China, and another unassailable analysis by Peter. You’re so smart that I’m going to have to dig out a thesaurus to come up with more synonyms for ‘brilliant’, Peter.
When the USSR mired itself in economic malaise during the 1970s and 80s, the social response was a nation of vodka-swilling drunks, too demoralized to even attempt solutions. I don’t see the young people of China having a similar cultural response. Will they just pass their lives away playing video games, ‘lying flat’, and virtually hanging out with the 20%+ of their generation who are unemployed? Or will a significant percentage of them rise up, find ways to circumvent the CCP, and create a better future for themselves? I don’t know, but I’m counting on the inherent creativity and passion of human nature to at least try!
Their future could be filled with more ‘interesting times’ than we can now imagine.
Glad America did it's stimulus at the right time. Our government saved us from this fate. We had a couple years of inflation but staved off the deflationary depression.
American government meddling worked out pretty well for us.
Thank you Joe Biden. Thank you for not listening to these right wing fools.
I've already written at length about all the ways the (Biden-)Harris Administration has damaged the US economy. You are free to hold whatever opinions you wish, but I am free to laugh at you for holding ridiculous and uninformed opinions.
And I'm exercising that freedom right now.
Feel free to laugh. You seem pretty smart when it comes to China, but hopelessly ideological when it comes to America.
There is no such thing as a government not intervening in the economy. Government policy is always a factor in the economy. It's an absurd ideological fantasy to think it can be another way. The state has always existed to manage the market, since Sumeria.
Oh I do laugh at you. All the time. Comic relief is the one thing your ignorant bot posts offer the world.
Reason number 1467 communism doesn’t work.