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At the end of the day, it is not in China's best interest to harm the US economy. J. P. Getty said "If you owe the bank $100 that's your problem. If you owe th
by chrisbennet 13y ago
At the end of the day, it is not in China's best interest to harm the US economy.
J. P. Getty said "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." We owe China a lot more than that.
- haldujai 13y agoGreat quote. However you're under the assumption that China will always act in the best interests of their people. You are right in that should China harm the US economy they would enter a massive recession, but who says the CPC care? Many civilizations (look at some of Africa and the Middle East for that last several hundred years) haven't particularly cared about their citizens beyond collecting tax. This helps to explain why North Korea and Iran do what they do despite the damage to their people.
- pkinsky 13y agoThe CPC cares about maintaining legitimacy and avoiding unrest. Their legitimacy rests on continued economic growth. China has had massive popular insurrections in living memory and continues to have local ones to this day.
- deleted 13y ago[deleted]