I know you and I disagree on this point, but Xi doesn't care about regular economic metrics and only about world domination. With the damage inflicted on the US by Russia, Ukraine, China itself, Biden, and Trump's exclusion, China looks set to rise to the top of what? The planet, that's what, at least until they have it out with Russia.
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.
“There seem to be three possible scenarios around which the history of the next half century will be written:
In the first, communism, meeting neither ideological nor political resistance from the West, continues along its present course to disarmament, then to convergence with the West on its own terms, and so to world domination.
In the second, the West realizes in time the nature of the communist threat, solves its own national problems, unites the noncom-munist world, and adopts a policy of open competition between the two systems; as a result, the peoples of the communist bloc repudiate their leaders and the communist empire disintegrates.
The third scenario resembles the second except that both systems remain intact and competition continues for a very long time.
And who shall say that unrelenting competition between two opposing systems of government, each secured by the nuclear deter- rent, would not prove fruitful? But where are the statesmen who will recognize this path to possible safety and guide their peoples along it?”
Communism is not able to dominate the world. Communism failed in Russia and it failed in China.
What people fail to understand about Communist regimes is they last about 10-15 years, after which the government reverts to the prior mode of authoritarianism.
As Stalin secured his hold on power in Soviet Russia, his use of state power was more resembling Tsarist Russia than the radical government envisioned by Lenin or even the state of permanent revolution articulated by Trotsky. The reason Stalin had Trotsky assassinated in 1940 was because Trotsky was articulating all the ways Stalin betrayed the Revolution.
After Mao came to power in 1949, he came to embrace the Legalism ideology of Qin Shi Huang, the first Emperor of a unified China. Mao would even brag how his regime outpaced Qin Shi Huang in terms of tyrannical bloodshed.
Pol Pot and his genocidal "Year Zero" campaign in Cambodia came to an abrupt end when the Vietnamese Army invaded and booted his Khmer Rouge from power.
Communism has never displayed the political stability of either monarchial autocracy or western style republican democracy, and is simply not capable of dominating even a single country for any length of time.
Western democracy might collapse on its own, but what will follow will not be Communism, but simply civilizational collapse. The "Great Reset" will be a reversion to the pre industrial era.
Xinnie the Pooh is a willy-nilly, silly old dictator.
I know you and I disagree on this point, but Xi doesn't care about regular economic metrics and only about world domination. With the damage inflicted on the US by Russia, Ukraine, China itself, Biden, and Trump's exclusion, China looks set to rise to the top of what? The planet, that's what, at least until they have it out with Russia.
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.
“There seem to be three possible scenarios around which the history of the next half century will be written:
In the first, communism, meeting neither ideological nor political resistance from the West, continues along its present course to disarmament, then to convergence with the West on its own terms, and so to world domination.
In the second, the West realizes in time the nature of the communist threat, solves its own national problems, unites the noncom-munist world, and adopts a policy of open competition between the two systems; as a result, the peoples of the communist bloc repudiate their leaders and the communist empire disintegrates.
The third scenario resembles the second except that both systems remain intact and competition continues for a very long time.
And who shall say that unrelenting competition between two opposing systems of government, each secured by the nuclear deter- rent, would not prove fruitful? But where are the statesmen who will recognize this path to possible safety and guide their peoples along it?”
—Anatoliy Golitsyn
Communism is not able to dominate the world. Communism failed in Russia and it failed in China.
What people fail to understand about Communist regimes is they last about 10-15 years, after which the government reverts to the prior mode of authoritarianism.
As Stalin secured his hold on power in Soviet Russia, his use of state power was more resembling Tsarist Russia than the radical government envisioned by Lenin or even the state of permanent revolution articulated by Trotsky. The reason Stalin had Trotsky assassinated in 1940 was because Trotsky was articulating all the ways Stalin betrayed the Revolution.
After Mao came to power in 1949, he came to embrace the Legalism ideology of Qin Shi Huang, the first Emperor of a unified China. Mao would even brag how his regime outpaced Qin Shi Huang in terms of tyrannical bloodshed.
Pol Pot and his genocidal "Year Zero" campaign in Cambodia came to an abrupt end when the Vietnamese Army invaded and booted his Khmer Rouge from power.
Communism has never displayed the political stability of either monarchial autocracy or western style republican democracy, and is simply not capable of dominating even a single country for any length of time.
Western democracy might collapse on its own, but what will follow will not be Communism, but simply civilizational collapse. The "Great Reset" will be a reversion to the pre industrial era.
My very uniformed opinion is that the CCP doesn’t care and is incompetent. That’s not ideal and is very similar to Bidenomics.