this post was submitted on 17 Apr 2024
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chapotraphouse

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132
Ok we were completely wrong about China collapsing this year but they're still bad. (hexbear.net)
submitted 7 months ago by [email protected] to c/[email protected]
23 comments fedilink hide all child comments
 

https://www.nytimes.com/2024/04/15/business/china-gdp-q1.html

manhattan it is 2022, the libs say China will not recover from post COVID lull

manhattan it is 2021, the libs say China will not recover from harsh, extended COVID lockdowns

manhattan it is 2019, the libs say China will not recover from international backlash for cracking down on Hong Kong riots

manhattan it is 2018, the libs say China will not recover from international backlash over ~~Adrian Zenz's fever dream~~ the Uyghur genocide and Trump's trade war with China

manhattan it is 2016, the libs say China will not recover from an aging population and a lack of youth to replace them due to the one child policy and wasting money on an aerospace program

manhattan it is 2014, the libs say China will not recover from Xi's crackdowns on corruption and corporate greed, military spending and renewed efforts to claim the South China Sea

manhattan it is 2010, the libs say China will not recover from wasting trillions into a national high speed rail system

top 23 comments
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[–] [email protected] 55 points 7 months ago (2 children)

It’s some comfort to know that libs are probably going to be mad about China’s economy for the rest of my life. Any time I want, for as long as I live, I can go on the internet and read a brand new article about how China is going to collapse any day now.

[–] [email protected] 32 points 7 months ago (1 children)

That collage showing many youtube videos with Xi Jinping and announcing the imminent end of the CPC brings me immense joy

[–] [email protected] 26 points 7 months ago (1 children)

This book published in 2001 predicted China would collapse by 2011. In late 2011 the author adjusted the prediction to 2012, and to "bet on it". I doubt bookies take those kind of bets but I hope he lost money on it.

He had the wisdom to not make another specific prediction since, unlike the China Bad YouTubers.

[–] [email protected] 16 points 7 months ago

He had the wisdom to not make another specific prediction since,

Should've known that from the beginning, that's prophecy grifting 101.

[–] [email protected] 25 points 7 months ago* (last edited 7 months ago)

American liberals and conservatives have a sub-Charlie Brown level of intellect.

Kick the football, I'm not going to pull it away at the last second this time.

[–] [email protected] 43 points 7 months ago (2 children)

Oh no! Cheap products! porky-scared

[–] [email protected] 34 points 7 months ago (1 children)

But at what cost? thinking-about-it

[–] [email protected] 26 points 7 months ago

Little

[–] [email protected] 25 points 7 months ago (1 children)

I thought that was one of the things that was supposed to be good about capitalism

[–] [email protected] 6 points 7 months ago

Yes but if goods are too cheap then my CEOs will no longer want to contribute to our society and instead contribute to the enemy’s society

[–] [email protected] 40 points 7 months ago (2 children)

other countries are worried about a flood of Chinese goods

even when they aren't talking about people libs can't help but characterize everything chinese as an oriental mass

[–] [email protected] 21 points 7 months ago

"their affordable EVs and solar panels will blot out the sun!"

"Then we shall criticize China from the shade"

[–] [email protected] 17 points 7 months ago

Being a flood that overwhelms whitey

Chinese people solidarity Latin peoples

[–] [email protected] 32 points 7 months ago* (last edited 7 months ago)

Free trade... NO NOT LIKE THAT porky-scared-flipped xi-button

[–] [email protected] 31 points 7 months ago* (last edited 7 months ago) (2 children)

Shit, who knew that having an economy which doesn't run on financial parasitism was a good idea

Edit: added financial to parasitism, because these mf capitalists still stealing

[–] [email protected] 13 points 7 months ago

Liberals are telling on themselves when they're wholly unable to envision how a different society with a different economic system would handle issues.

"Haha, China's finished, their real estate will crumble and trying to bail out the banks and the developers will bankrupt the government and make the people revolt! This will be 2008 times a hundred!"

China: instead of providing a golden parachute to the bourgeoisie, provides silver parachutes to the people affected. Economy doesn't collapse, if anything it recovers faster than predicted.

"Ok they're doing it wrong, unfair, but their manufacturing won't recover because of their aging population and fewer young people to replace them in the workforce"

China: unprecedented rise in automation in manufacturing

"...ok surely the next thing will cause China to collapse"

[–] [email protected] 7 points 7 months ago (1 children)

Not for much longer, hopefully. They’ll likely have served their purpose soon

[–] [email protected] 22 points 7 months ago* (last edited 7 months ago) (1 children)

Tfw China beats the capitalist countries at their own game (by “flooding the markets” with their goods)

[–] [email protected] 17 points 7 months ago (2 children)

Supply vs Demand stans when someone out of their control are the suppliers: rage-cry

"They're ruining Caviar/Diamonds/EVs/Microprocessors/etc"

"Free market is bad in this instance, trade protectionism now! Regulate regulate regulate regulate!"

[–] [email protected] 6 points 7 months ago

L(Mao) fr

[–] [email protected] 5 points 7 months ago

Lol they’re not gonna regulate shit. I wish the US did pull back production because I believe it would ignite the labor struggle again, but ultimately they’re just gonna complain and do nothing

[–] [email protected] 15 points 7 months ago

China, like a star is in the perpetual state of collapse, which is precisely why its so stable