What makes you think china won’t collapse along with them? Our economies are tied at the hip and they are sitting on a massive debt bomb with their real estate woes.
They already resolved the real estate issue, without any crisis. And you might not know cause this isn’t news in the US, but China has been massively offloading all its US debt and dollar reserves. They are preparing to decouple, the US has been threatening to do it for so long. But the fact is, the US and the West will suffer much more than China. They are pivoting to a service and tech economy, and will become the new US of a new “global south” pole.
The image that China is a “manufacturing” hub for the west is super outdated.
My favorite was watching Chris Matthew’s lose his shit when Bernie won California. Literally cried on air and for some reason was also antisemetic?? Anywho would love to see more of the former from them.
The Economist is truly awful. Just deep throating capitalism in every article.
It’s kinda funny watching neoliberal zealots try to rationalise how their economic system eating itself is actually a good thing.
Well, kinda funny in a you’d-cry-if-you-didn’t-laugh way, since we’re all in it
All we can hope is that China will be a better superpower than the US was 🤷♂️ the collapse of the west seems inevitable.
What makes you think china won’t collapse along with them? Our economies are tied at the hip and they are sitting on a massive debt bomb with their real estate woes.
They already resolved the real estate issue, without any crisis. And you might not know cause this isn’t news in the US, but China has been massively offloading all its US debt and dollar reserves. They are preparing to decouple, the US has been threatening to do it for so long. But the fact is, the US and the West will suffer much more than China. They are pivoting to a service and tech economy, and will become the new US of a new “global south” pole.
The image that China is a “manufacturing” hub for the west is super outdated.
Tankies gonna tankie.
Nope. Most definitely not. Never heard of Evergrande have you?
This is bait
My favorite was watching Chris Matthew’s lose his shit when Bernie won California. Literally cried on air and for some reason was also antisemetic?? Anywho would love to see more of the former from them.
Tbf I wouldn’t really expect much from a newspaper going by “the economist”