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My brother in law spent 10 years in China doing business and went from "China will rule the world" to "China is Enron." I suspect the truth is between these ext
by api 9y ago
My brother in law spent 10 years in China doing business and went from "China will rule the world" to "China is Enron." I suspect the truth is between these extremes.
China's formula has been GDP at all costs. It's an experiment in Keynesianism on meth. It will be interesting to see how it plays out. One visible result is some of the worst regional environmental destruction in human history, which could be considered a form of debt.
- appleflaxen 9y ago> I suspect the truth is between these extremes. That's not a very bold prediction, that the truth is somewhere between the two extremes.
- jquery 9y agoI think "China is Enron" is closer to the truth, in the longer term. I expect to see a collapse of the CCP in my lifetime. China itself will survive of course, just like the oil Enron owned still existed.