this post was submitted on 20 Aug 2023
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Good. I appreciate the lack of condescension. I still think you are wrongheaded in your analysis, but I am happy to cordially disagree with you while not infantilizing your arguments.
As for China, I think what's notable is that it was able to use command capitalism to achieve its admittedly phenomenal economic success specifically on the back of capitalism.
But now China is facing demographic collapse together with a collapse of its real estate market.
It's in the rest of the world's interest to mitigate China's coming economic difficulties as much as we can, but there's only so much we can do for an economy built on a house of cards.
Mark my words; China is in deep shit economically, and it will be a huge deal in the coming years.
Eh, China has been collapsing or about to collapse since the 60's. I'll believe it when I see it. Meanwhile the US isn't doing so hot, which we can actually observe without the need to make the financial troubles of one part of one sector in one region into some sort of sign of an oncoming apocalypse.
Regarding making use of capitalism: Yeah, that's what dengism is all about. Capitalism has its uses, we've just outgrown it.