Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
They can only go so far with stolen technology. At some point, if you wish to obtain global economic domincance or at least prominence, you'll have to start developing your own tech, and homegrow your own business masterminds, letting their creativity and cunning build into the infrastructure estabilished by the state or by previous businesses.
China didn't do that. They are an economic parasite who relies solely on their cooked up books and slave labour to attract foreign capital. Their researchers are all controlled and all their businessmen are held on a tight leash, from the "owner" of a noodles cart to Jack Ma (Bezos-level billionaire).
Here's their major risk, and what makes communist states fail. Doesn't matter how it starts, they always end up with a bureaucratic elite who has full control of the economy, but doesn't know squat about what the people want or need at a given moment, or about running any successful business.
I hope they crash and burn. And may this rotten world order burn with them aswell.
All communists are parasites. It cannot build and thrive on its own.
It’s weird, the people arent parasites, but they are meek, and almost beaten. Slave like. No creativity what so ever. They won’t be taking over the world anytime soon, as much the CCP may want.
I saw some video (may have gotten it here) where they were praising the CCP's new system of 24/7 surveillance and social credit. They interviewed people who live there and they were all for it because "it encourages good behavior." No, asswipe, it's tyranny. Good behavior is a choice, but people who live in that hellhole can't fathom having a choice about anything because they are slaves to their masters. It's sickening.
Not trying to argue, but it’s not quite as bad as you may think. In many ways, it is freer than here. There is not a police presence everywhere like there is here (at least where I was). The factory owners and their children are American ish. It was fun hearing stories about how they all beat the firewall and one kid policy.
But it is a shithole, and I would never look forward to going there.
I hear they’re handing out prescriptions for that symptom now….
Maybe we should givehorse paste to our govt to rid of the ccp infiltration
I'll take a shot of horse paste to that... on the rocks plz
They also rely on organ harvesting
Well, pretty much all criminal orgs do in one way or another. It's not a communist exclusive thing
Also fostering a culture of lying, cheating, and fraud yields... you guessed it, all of that! You might have intended it to be aimed at your opponents, but inevitably you'll have it amongst your own ranks, and that will ruin your ability to properly plan or grow because you'll never know what numbers are accurate; you'll not know if that giant three gorges dam was built to proper specification or if it will just rupture, you'll never know if the jet fighters you are developing will actually be able to be undetected by enemy radar, you'll never know if you're going to have a food shortage, and so on.
And that's just the start.