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> And now, the Orange Clown is finishing "the job" by laying waste to US aliances and institutions, making sure 21st is irrevocably the Chinese Century. I’m go
by vineyardmike 1y ago
> And now, the Orange Clown is finishing "the job" by laying waste to US aliances and institutions, making sure 21st is irrevocably the Chinese Century.
I’m going to concur with others here. It’s not irrecoverable. And the future isn’t yet written.
China has had the fortune (even eclipsing the US) of being a giant market of burgeoning consumers and massive amount of labor. The US first won this economic opportunity partially through immigration and a well-timed WW2 victory. Now its chinas turn to wield consumerism.
That said, China also has the misfortune of a serious risk for population collapse due, in part, to the prior 1 child policy. They’re aging faster than the US and others nations, and that will dramatically shift their economic output, consumption, and of course strain government resources. They also don’t have a culture of immigration like the US to slow the change. It would take a major global shift to see large immigration into China. There are other major economic risks they face, like their real estate debt, but the population collapse does pose a significant threat to stunt or reverse their ascendance.
TLDR: China could be the next Japan, not the next US.
- AngryData 1y agoBut of course China is still going to be able to look at the response of nearly every other modernized nation and see how they deal with population drop first. That still puts them at a major advantage over other nations even after they peak. China is in an absolute prime position going into the future, they just gotta hold onto competent leaders for a few generations, and from my (admittedly limited) view they are doing a better job than most.