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China’s economic miracle turns to fiscal crisis (asiatimes.com) 🤡 PANIC IN THE CB 🤡

posted 1 year ago by seernewday 1 year ago by seernewday +148 / -0

China's economic miracle turns to fiscal crisis

China’s economic growth "miracle" has begun to be overshadowed by an evolving fiscal challenge. The depletion of local governments’ credit capacity has

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– Mountaingale 1 point 1 year ago +1 / -0

Fascism and communism are oligarchies. Our founding fathers even said that democracies tun into tyrannies, which is why we are a constitutional republic. Even that needs an occasional reset (witness our government today). Oligarchies become unstable because ultimately, many heads are better than one.

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