It’s really annoying to me because there are probably genuine economic headwinds in China, just as there are in most economies these days, but even at its worst it’s doing better than most western countries, and no one is predicting they would suddenly collapse. Everything that happens in China is put under a microscope and magnified as a big problem regardless of whether it is, or even if it’s a good thing.
This makes it very difficult for me tell what is a genuine problem and what is just misinformation. All I can say is that a country that produces most of the things they need and other countries like to buy is probably in a decent spot.
9
☆ Yσɠƚԋσʂ ☆ - 3w
The thing that I find frustrating is how people just keep falling for the narrative. We literally have decades of these predictions of China collapsing, then a new collapse theory comes out, and everybody just gobbles it up uncritically. It's like people have the memory of a goldfish. If the past dozen predictions were wrong, maybe it's time to start developing a bit of skepticism, and maybe start wondering why the media is so consistently wrong on the subject. I suspect the reality of the whole thing is that most people were successfully brainwashed into hating China out of principle, and then when they read these stories they're just seeing what they want to see, and hence no further investigation is needed.
7
EatPotatoes [none/use name] - 3w
Chinese are not bound the same western countries are. They have total monetary control and can burn investors while maintaining legitimacy.
yogthos in sino
When even The Economist has to stop pretending China is collapsing
https://hexbear.net/api/v3/image_proxy?url=https%3A%2F%2Flemmygrad.ml%2Fpictrs%2Fimage%2Fb0cafbb7-dcf6-40fa-ba21-09113d3d4966.jpegIt’s really annoying to me because there are probably genuine economic headwinds in China, just as there are in most economies these days, but even at its worst it’s doing better than most western countries, and no one is predicting they would suddenly collapse. Everything that happens in China is put under a microscope and magnified as a big problem regardless of whether it is, or even if it’s a good thing.
This makes it very difficult for me tell what is a genuine problem and what is just misinformation. All I can say is that a country that produces most of the things they need and other countries like to buy is probably in a decent spot.
The thing that I find frustrating is how people just keep falling for the narrative. We literally have decades of these predictions of China collapsing, then a new collapse theory comes out, and everybody just gobbles it up uncritically. It's like people have the memory of a goldfish. If the past dozen predictions were wrong, maybe it's time to start developing a bit of skepticism, and maybe start wondering why the media is so consistently wrong on the subject. I suspect the reality of the whole thing is that most people were successfully brainwashed into hating China out of principle, and then when they read these stories they're just seeing what they want to see, and hence no further investigation is needed.
Chinese are not bound the same western countries are. They have total monetary control and can burn investors while maintaining legitimacy.