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Joined 24 days ago
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Cake day: January 29th, 2025

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  • Go back to any month in any year in the last thirty. You’ll find the same type of opinion pieces from the same people. Despite this China has raised the most people out of poverty in all of history, and has matched the US’ s GDP.

    Pointless ‘china is really failing this time despite us being wrong the last 2000 times’ articles prove absolutely nothing. Because China isn’t trying to be profitable. They are not an oligarchy like euro nations. They are not a kakistocracy like the US. Their economy is fundamentally different.


  • How is eliminating failed management and ensuring the money held in the bank covering it up?

    Do you not know how the economy works in China? Over 60% of the economy is public sector, while some of that is just state investment, some is also failed private sector businesses that still would serve a purpose without profit motive.

    It would be ridiculously cruel to allow a bank to fail while it still holds the savings of ordinary citizens. And it would be ludicrously stupid to bail out failed companies and just allow them to continue functioning as they had. So you buy them, change the mission, replace the management, everyone except the rich fucks win


















  • And they’re easier to set up securely than either renewable or the nuclear plants they’ll likely later become.

    Yes, it’d be great if they weren’t sanctioned every other week and threatened with war and could dedicate all of their resources to leap frogging dirty tech… But that’s not the world we live in, the world we live in has people that are rising in quality of life and expecting all the benefits. And they simply have more people than the US and Europe combined while only having the GDP of just the US.

    It’s not ideal, they’ve admitted as such, but it’s a necessary step that all western nations took even when better options were on the table, it’s unfair to criticize China when they’re also producing more green energy than the rest of the world.