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29/04/24
07:50
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Originally posted by moorookamick:
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The US assumption about China was wrong.....so far: -that is as China got richer and that its middle class grew, that it would morph into a US style Liberal (more conservative) democracy thereby debunking the CCP , privatising SOEs and breaking up the country into a rabble of States. Well that did not happen because in 2014 there was change in China: -China passed out the USA in GDP(PPP) -China had already become the biggest global manufacturer and trader -China released its "Made in China 2025" to go upmarket in manufacturing -China released its BRI to effectively block US economic and shipping restrictions. And then the US Neo-Cons awoke. There has been a change of tack by the US Neo-Cons prophets of China economic doom because their theory is: -that if China starts to show signs of economic collapse, that the Chinese people will rise-up and debunk the CCP aided and abetted by the USA etc etc etc. Is that wishful thinking? IMO, yes, just as the series of US expectations of an imminent Chinese collapse since 1949 have been wrong. Why , might you ask? IMO , its because the USA and specifically the US Neo-Cons think that there is only one way interpretation of how an economy and its political regime works and endures IE: the American way. The Chinese system (its hybrid economy and its political economy) is much different to that of the USA and much different to that of the failed USSR . Only time will tell whether the Chinese have got the mix right and can the US economy (particularly its Political Economy) outlive that of China. We live in a scientific world where outcomes are everything; not wishful thinking!
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PS: President Xi's academic speciality was a study of the reasons that the USSR collapsed. IMO, the design of the current China economy is to prevent a USSR style economic implosion