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The problem is China's government supports just a monumental level of corruption and graft, and has been doing so by exploiting the "developing nation" growth b
by XorNot 4y ago
The problem is China's government supports just a monumental level of corruption and graft, and has been doing so by exploiting the "developing nation" growth boone.
But that only works once: its days of 7-8% GDP growth year over year[1] are behind it and not coming back. The CCP government seems somewhat aware of this - the social credit system, internet firewall and various other police state measures seem to be an effort to "pre-oppress" the population once the growth levels off (or flat lines entirely) since the implied social contract of China has always been "tomorrow is better then today" - and that's all going to stop once the graft and corruption eats the much lower GDP growth which a developed nation has.
[1] https://www.statista.com/statistics/263616/gross-domestic-product-gdp-growth-rate-in-china/ https://www.statista.com/statistics/263616/gross-domestic-pr...
- XuMiao 4y agoUS was wiser than others because we were able to look at our mistakes and fix them admirably. It's only a weak character who tries to demonize others in exchange for self-comforting. Sadly, I'm seeing more and more people doing that.
- tomrod 4y agoI agree with your second paragraph, but see no relation to the comment preceding it. Can you please expound?