the_dunk_tank

The same clown prize winning economist who said the economy is recovering and thriving if you ignore every metric a human needs to survive?

China’s whole economic model is not sustainable because of “vastly inadequate” domestic spending and a lack of investment opportunities, he added. Beijing should be supporting demand not more production, he said.

When china promotes domestic consumption the west gets mad at them for “skirting sanctions” and thriving independently. When they export their products then it’s “a threat to us all.”

“The fact that we seem to have a complete lack of realism on the part of the Chinese is a threat to all of us,”

'Us' being used to mean neoliberal economists and the system they've forced on the world.

"They're going to kill us all with their...cheap and abundant solar panels, EVs, high-speed rail, and cure for diabetes!"

Lol i love their use of words like "world" when they always mean western Europe, Japan and anglosphere shitholes.

So he is admitting that China is only able to export because US (for example) is importing and giving them dollars. Neoliberals are acting like China is destroying the world with its export but the problem is that US gave away all its industrial capacity and started importing from China. The only way to build it back up is with Government spending. And with how bad all the infrastructure bills have been its unlikely.

China’s whole economic model is not sustainable because of “vastly inadequate” domestic spending and a lack of investment opportunities, he added. Beijing should be supporting demand not more production, he said.

Yea but high speed rail being built on deficit spending is bad because profit

And the idea that Chinese Government isn't shifting to domestic spending is wrong, that's their plan, shift to domestic consumption with increased spending. Export led growth is unreliable.

This reads like a "smartened up" version of those SUN weekly trash mags at grocery store checkout counters that used to say things like, "Silly China makes Cities where Nobody Lives!", when I was a kid.

My crap-it-all-ist in Christ, you all made our current situation off WalMart and Amazon gutting middle America and domestic production with mass imports of undercutting the nation by flooding it with Chinese goods. You made the richest bastards in the world doing this with companies that make "zero profit" and subsidized them for doing so.

lack of investment opportunities

one of the rare takes i disagree with is that china needs the us to buy all the stuff they make. while they might currently want closer us ties for safety and us capital, i really don't think they have a structural need for us domestic purchasing. with relatively modest consumption, there's no reason that a fully socialist and developed china would actually need constantly working armies of manufacturing labor.

Is the purpose of production to satisfy needs or to create profit for your national bourgeoisie? Paul, Dmdon't get mad, I'm just asking questions.

Was there some meaning this article was trying to convey? I read the whole thing and my response is just

I got literally, absolutely nothing from reading all those words, and I'm pretty sure that's not my fault.

Also, and this is a small thing, I know articles are published with typos all the time, but the following sentence makes no sense, right? Like, the grammar is wrong to the point where the sentence is meaningless, isn't it? I'm not just misreading things entirely?

Krugman reiterated his view that it’s better to cut rates soon with the chance of re-accelerating inflation looks very small if the Fed cuts rates.

I genuinely don’t even know what this means. I thought supply and demand were one thing? How does one spend money on supporting demand?

Paul Krugman mentioned: https://youtu.be/g9qjnl6jcx0?t=160

China be throwing brics at the West's house of cards economy.

Nobel is an award for the most Status Quo removed, when it isn't for the most fascist.

Even when is Science of Nature we have a history of deepshits winning

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