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> That system, by design, has conquered the boom/bust cycle Either that, or it has simply deferred it. Remember that was once said about the US too. Complexi
by zepto 5y ago
> That system, by design, has conquered the boom/bust cycle
Either that, or it has simply deferred it. Remember that was once said about the US too.
Complexity is hard to tame and prone to punctuated equilibrium. If you eliminate the complexity, you end up with brittleness, which is prone to catastrophic failure.
One difference between your analysis and the Economists is that nobody will remember a hacker news comment that was proven wrong.
- justicezyx 5y agoRather, turning into a different kind of boom bust cycle. If history is to be rythmed, the answer might need another hundred years to manifest. The usual cycle of Chinese history is about 200-500 years in the unified state. Given the acceleration because of economics and technology, the lower end might be more likely this time.