What’ the return on our $100 billion bets on Bad China? Since 1945, in addition to billions on military adventures, we’ve Wasted $100 Billion China[1] on Bad China, the country where only bad things can happen. A land of regimes and mouthpieces, brutal crackdowns and chilling atrocities. A land whose exploited, resentful drones dream of […]
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By using force and pretending to benevolence the hegemon will certainly have a large state. WHEN CHINA LEADS THE WORLD By using virtue and practising benevolence the wise ruler will achieve humane authority. Mencius, 250 BC. In the course of his study of the Peloponnesian War Thucydides, the fifth century BC Greek historian claimed that
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How fast is China growing, really? How fast is China growing? From 2009 through 2020, the government has strongly re-engaged in direct economic intervention, all while the economy has been steadily slowing. THE RISE OF CHINA’S INDUSTRIAL POLICY 1978-2020, by Barry Naughton. Professor Naughton is wrong. He conflates two very different things: acceleration and growth. China is growing fast:
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China’s Moderately Prosperous Society in 2035 The aim is to become an equitable society between 2035 and 2049. Also called 大同社会. This is a gini coefficient of 27% (similar to Finland’s). Moderately prosperous society: The development concept The term “moderately prosperous,” first derived from “Poetry·Daya·Minlao“, expresses the yearning of working people for a better and
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Why Chinese Home Prices Won’t Collapse The good news: Home prices are down only 3% over last year and there are four strong reasons why Chinese home prices won’t collapse: Most Chinese own their homes outright — they don’t have a mortgage. 80% of Chinese homeowners have no mortgage. So there won’t be any panic selling of
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Work and Wages in China The economy is in such a state that men don’t have enough money to care for elderly parents and support their wives and children. Work and Wages in China Even in good years their lives are bitter while, in bad years, they struggle to avoid starving to death. Under those
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