I don't know that I disagree with the thesis that Xi doesn't care about regular econometric considerations. It's quite probable that he doesn't.
But whether he cares or not is ultimately irrelevant. Xi (or Dementia Joe, for that matter) might choose to disregard economic realities, but Xi can never be immune from them. Perhaps the most im…
I don't know that I disagree with the thesis that Xi doesn't care about regular econometric considerations. It's quite probable that he doesn't.
But whether he cares or not is ultimately irrelevant. Xi (or Dementia Joe, for that matter) might choose to disregard economic realities, but Xi can never be immune from them. Perhaps the most important lesson to be found in Wealth of Nations is that economics happens, regardless of the diktats of autocrats.
Thus it is highly dubious that China can rise to the top of anything. For all the damage being done to the US economy, by most measures China is even more damaged. With demographic collapse already starting over there, China lacks sufficient numbers of Chinese to dominate anything.
It's not a question of it getting worse over here, but of how fast.
No matter what games Xi Jinping plays, if the US economy collapses the loss of a major market will trigger a collapse in China. It cannot be otherwise.
By the same token, China’s yuan currency would become worthless the day after the dollar fell to zero. To avoid that China will have to build up a reserve of yuan denominated assets to buffer the yuan ascending to become the next global reserve currency.
These are not things that can happen overnight. They take time--time China simply does not have.
I don't know that I disagree with the thesis that Xi doesn't care about regular econometric considerations. It's quite probable that he doesn't.
But whether he cares or not is ultimately irrelevant. Xi (or Dementia Joe, for that matter) might choose to disregard economic realities, but Xi can never be immune from them. Perhaps the most important lesson to be found in Wealth of Nations is that economics happens, regardless of the diktats of autocrats.
Thus it is highly dubious that China can rise to the top of anything. For all the damage being done to the US economy, by most measures China is even more damaged. With demographic collapse already starting over there, China lacks sufficient numbers of Chinese to dominate anything.
With the current US, maybe, but the US is going down faster than China?
We can say it can't get much worse over here, but can we really say that?
Especially with China controlling or influencing our political process so thoroughly.
Maybe it's the NWO, Illuminati, Great Reset, or just simply, Communism.
Or, climate change is the real problem, all us "deniers" have it wrong, and we hope China will see the light in time.
It's not a question of it getting worse over here, but of how fast.
No matter what games Xi Jinping plays, if the US economy collapses the loss of a major market will trigger a collapse in China. It cannot be otherwise.
By the same token, China’s yuan currency would become worthless the day after the dollar fell to zero. To avoid that China will have to build up a reserve of yuan denominated assets to buffer the yuan ascending to become the next global reserve currency.
These are not things that can happen overnight. They take time--time China simply does not have.