5 ms·

So they're making lots of dollars off of crap on Amazon. Most cheap labor has been outsourced from China by now and they didn't turn the trick: building a self

by Grakel 5y ago

So they're making lots of dollars off of crap on Amazon. Most cheap labor has been outsourced from China by now and they didn't turn the trick: building a self sufficient growth engine while they had the fuel. China peaked about two years ago. Today sharp left policy shifts are signaling a quick erosion of their economic integrity, which will turn out to have been very brief between the prosperity brought on by what's mentioned in the article and the coming collapse due to a lack of fundamentals built into the society.

eyelidlessness 5y ago
Sharp left policy shifts like?
- Grakel 5y ago
  https://mindmatters.ai/2021/10/xi-jinpings-march-toward-common-prosperity/ https://mindmatters.ai/2021/10/xi-jinpings-march-toward-comm...
  - eyelidlessness 5y ago
    The link specifically cites policies meant to allow limited capitalism while communism matures. Is the “sharp left” part claims that it’s “limited”?
    - Grakel 5y ago
      Winnie the Pooh
      - eyelidlessness 5y ago
        Oh bother
stareblinkstare 5y ago
>China peaked about two years ago. You can't make this shit up.
- imwillofficial 5y ago
  For real, I just read reports where they launched 3 Navy ships in a single day.
  - deleted 5y ago
    [deleted]
  - refurb 5y ago
    The US did this back in WW2 in 1942. They claimed they built an entire Liberty ship in only 4 days. It wasn’t true (in the sense of a sustainable rate), but it makes for good appearances and propaganda. https://en.m.wikipedia.org/wiki/SS_Robert_E._Peary https://en.m.wikipedia.org/wiki/SS_Robert_E._Peary
    - jcranmer 5y ago
      While the Peary was built in 4 days as a publicity stunt, by 1943, the US was building Liberty ships in about a month (depending on the exact shipyard) from keel to launch. It should be noted that one of the surviving Liberty ships today, the SS John W Brown, was the third Liberty ship launch of its day... at Baltimore alone, not counting the other shipyards also producing Liberty ships. Which should give you an idea of the sheer scale of Liberty ship production (it's the largest ship class ever built).
- CyanBird 5y ago
dustintrex 5y ago
I presume you haven't been to China in the last decade or so, since they most certainly did "turn the trick". Consumption as a percentage of GDP exceeded 50% back in 2009 and has been slowly by steadily growing ever since, and an increasingly large portion of the Chinese economy has nothing to do with exports. I do agree that the decades of steady 10+% growth are over, largely thanks to demographics/aging, but a Japan-style stagnation seems more likely than an outright collapse, unless Xi does some really catastrophic miscalculation that triggers WW3.

by Grakel 5y ago

eyelidlessness 5y ago

Sharp left policy shifts like?

Grakel 5y ago
https://mindmatters.ai/2021/10/xi-jinpings-march-toward-common-prosperity/ https://mindmatters.ai/2021/10/xi-jinpings-march-toward-comm...
- eyelidlessness 5y ago
  The link specifically cites policies meant to allow limited capitalism while communism matures. Is the “sharp left” part claims that it’s “limited”?
  - Grakel 5y ago
    Winnie the Pooh
    - eyelidlessness 5y ago
      Oh bother

stareblinkstare 5y ago

>China peaked about two years ago. You can't make this shit up.

imwillofficial 5y ago
For real, I just read reports where they launched 3 Navy ships in a single day.
- deleted 5y ago
  [deleted]
- refurb 5y ago
  The US did this back in WW2 in 1942. They claimed they built an entire Liberty ship in only 4 days. It wasn’t true (in the sense of a sustainable rate), but it makes for good appearances and propaganda. https://en.m.wikipedia.org/wiki/SS_Robert_E._Peary https://en.m.wikipedia.org/wiki/SS_Robert_E._Peary
  - jcranmer 5y ago
    While the Peary was built in 4 days as a publicity stunt, by 1943, the US was building Liberty ships in about a month (depending on the exact shipyard) from keel to launch. It should be noted that one of the surviving Liberty ships today, the SS John W Brown, was the third Liberty ship launch of its day... at Baltimore alone, not counting the other shipyards also producing Liberty ships. Which should give you an idea of the sheer scale of Liberty ship production (it's the largest ship class ever built).
CyanBird 5y ago

dustintrex 5y ago

I presume you haven't been to China in the last decade or so, since they most certainly did "turn the trick". Consumption as a percentage of GDP exceeded 50% back in 2009 and has been slowly by steadily growing ever since, and an increasingly large portion of the Chinese economy has nothing to do with exports. I do agree that the decades of steady 10+% growth are over, largely thanks to demographics/aging, but a Japan-style stagnation seems more likely than an outright collapse, unless Xi does some really catastrophic miscalculation that triggers WW3.