I saw a post from Benjamin Norton on Substack that showed charts of the US’s production and manufacturing dipping quickly. Hilarious that US Conservatives complain about China overtaking our production. It’s almost like Anarchy of Production in the USA doesn’t lead to an actual increase in output to compete with a Marxist led PRC🤔
this post was submitted on 18 Oct 2023
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Granted the US shifted to a service based economy a long time ago and manufacturing has suffered significantly since then.
Surly China's economy is collapsing now.
China's just one giant Potemkin village.
The term "Potemkin village" really fucking pisses me off.
It's always used by smug, selfish, narcissistic crakkker neoliberals and other reich-wingers that project their inhumanity and oxygen thievery onto everyone else. It's almost always used to imply that people of color, namely Russians, Koreans, Chinese, or whoever the fuck the spin-the-wheel of the daily new target at the State Department is, are lowly, subhuman savages that don't know how to build their own settlements and manage their own affairs without the aid of YT motherfuckers.
And this is precisely why it perfectly describes how these imbeciles see China.
Especially when it's literally exactly what West Germany and South Korea were/are. The US Empire poured huge amounts of money and resources into them to pretend that capitalism is better, and in both cases their communist counterpart was keeping up or even beating them until disaster struck (liberals in the USSR falling for that very propaganda).
Welcome to the East, where everwhere is a set, everything is a prop, and everyone is an actor
China will collapse upside down.
Or should I say, reverse collapse? :)
This is the kinda information that makes me optimistic for the world's future, albeit cautiously nonetheless...
Little do the tankies know that the Chinese Economy is on the brink of collapse. Unlike this erudite amateur internet economist. Your days are numbered evil CCP!
But at what cost?
liberal tears
They are growing faster than the forecast, obviously this growth is unsustainable and China is now going to collapse! Look, this article I have from Gordon Chang, the foremost expert at false predictions of China's demise, says so!
funny how I literally just got promoted a video by Economics Explain, a YouTube liberal economist, which main thesis is that China economy is now fucked cause they only grow by 5% instead of double digits like last year and China will literally implode anytime now.
Yeah, the lib intellectuals will just claim China's manipulating the numbers, and the regular libs will nod along.
It's pretty funny how it's always projection. When US went into a recession, they quickly started playing semantics games with the definition of a recession. So, we're still pretending that US isn't in a recession today.
Nonononono. China’s economy is collapsing. My news feed tells me this everyday.
What's a year-year-year?
I'm guessing it's another way to say year over year growth?
You'd think year-year would be enough to convey that.
You'd think, no idea why they decided to says year-year-year there. Maybe there's something lost in translation. :)