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I think you are right, but it hasn't happened yet. China keeps growing and developing with what seems to outside observers such unbelievable might that it's psy
by api 9y ago
I think you are right, but it hasn't happened yet. China keeps growing and developing with what seems to outside observers such unbelievable might that it's psyching people out. I think the rise of strong man rule and neo-fascist ideologies in the West and elsewhere is a reaction. "We need to become more totalitarian now or we will be left behind!"
Bubbles always psych people out. They always go higher than anyone expects. They always make the nay-sayers look like fools... until they don't, and the nay-sayers end up looking like prophets.
My brother in law lived and worked in China for about 10 years. He went from thinking China would conquer the world in the first few to thinking China is Enron.