3 ms·
It's important to realize China is a huge bubble. They are the world's largest company. Why in the world are we supposed to have any faith in their GDP statisti
by Top19 9y ago
It's important to realize China is a huge bubble. They are the world's largest company. Why in the world are we supposed to have any faith in their GDP statistics? GDP growth in China has likely been negative for the last year also fyi.
One day the world will wake up and realize 20% of the global economy is gone, simply because it never existed. The consequences will be far more than just disastrous.
Also thought this was a beautiful quote: "Silicon Valley chose to imprison us in apps and call it business, when what it really amounts to is a social credit system of social gamification."