Comments by "Luis Romero" (@LuisRomeroLopez) on "The 1997 Crisis: The Greatest Asian Crisis in History? - VisualPolitik EN" video.

Random fact: In Mexico we also had crisis due to capital flight, but a little early (1994); when the peso per dollar parity went from 3 to 7. (Of course, doesn't seems as terrible as going from 6 -7 to 30, and at least in the case of Mexico the argument could be made that the peso was overvalued) This also caused something that was nicknamed as "Tequila Effect" (the crisis due to capital flight expanded to other countries that didn't have a real reason to have a crisis at the time but probably seem similar to investors, like Brazil)
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@qjtvaddict > "you underestimate Chinese intelligence they learn from the mistakes" I'm a little skeptical of this. It seems that Xi is increasing the state control over the economy at the same time that keeps focusing in specific goals. It's kinda starting to remind the Soviet Union in the second half of the 20th century.
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@itsblitz4437 It depends: If you're talking about how the Asian crisis spread from one country to another in southeast Asia, it seems to be the case. (Wouldn't be surprised to find out that someone has disputed this and (dunno) made an argument that it was just similar conditions in those countries) But if you're trying to link the Mexican (1994), South Asian (1997), and Russian (2000), I think it would be more likely that all those were independent, and maybe (personal opinion) it was more that a certain conditions were meet.
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@diqian7661 To be fair, lie01234 made a relly weird statement about bubbles being not existing after they become obvious. On the other hand, I don't see how it had being denied that the chinese economy might start to slow down, maybe in a process more akin to what happened to the Soviet Union instead of a bubble.
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@fuckfannyfiddlefart Have seen that video. There's a part where he uses minimun wage (national) in comparation with cost of life in Santiago (the capital). This is literal the same as take US average income and compare it to the cost of life in Manhattan, Chicago or Los Angeles and say "See: americans are poor". So... The author of the video took you for a fool (who's not going to questions anythin you see), or he himself doesn't know what he's doing when talking about economics.
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