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Digital Nomad
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Comments by "Digital Nomad" (@digitalnomad9985) on "China Observer" channel.
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@maklame3318 "This hurts poor people who have no say in where they are born" This helps all of China's neighbors which can do without the border disputes. This helps international shipping companies who don't want to pay a toll for traversing international waters. This helps nations worldwide who have ostensibly peaceful relations with China, but suffer from China funded subversion and agitation, and interference with their local racial Chinese communities. This helps nearby Pacific nations that are having their oceanic resources claimed. This helps the thriving democracies in Taiwan and South Korea who don't want to be invaded. Maybe it will even help starving people in North Korea who long to be free. Maybe it will foster reform in China to the eventual good of the Chinese. The fewer resources the CCP has to sow trouble with, the better off for the whole world.
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Government regulations limited their investment options. Planned economy strikes again.
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@SeattlePioneer "The government on Taiwan" Taiwan is no longer a nationalist dictatorship. It is now a thriving democracy. And the party that carries the name of the old regime is now the pro-CCP party and lost the election. "You could also make the argument that the CCP has done a remarkable job of managing China's growth in recent decades" "Reasonable" to me would seem a more appropriate adjective. Most of what they did was stop doing idiotic totalitarian things. They created a great leap forward (relatively) by ending the policies of the "Great Leap Forward". I hesitate to praise the fellow who hit himself in the head with a hammer because it felt so good when he stopped. "With a billion plus people, perhaps China is too big to govern effectively?" You might have a point there. Most nations US sized or bigger are having problems right now. But authoritarian/totalitarian states like China always have big problems, so it's hard to use China to make the case.
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@maklame3318 "Let countries import and export in whatever currency they want to" The US is not forcing countries to use the dollar. Countries have used the dollar because it has been more stable for decades. The current administration is inflating the money supply like mad. This is an opportunity for another currency to take the lead, if they have the wisdom and discipline to move wisely. Not the Chinese, of course, they are on the skids and their monetary policy will always be too arbitrary. Perhaps the Euro, or the Yen, or something like that. American troops are stationed in foreign countries because those countries want them there. Those countries want them there because of aggressive bully nations like China.
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That wouldn't explain the abandoned stores (no goods, no signs).
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And how is "exposing" China a business model? (on your apparent assumption that they're lying, of course, there is always a grass roots market for the truth)
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@gregtaylor9806 Redistibuting wealth is not the answer. Unless you mean privatizing nationalized assets and real estate. China has vast potential, but authoritarianism crushes it. Freedom is the mainspring of human progress.
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The sea distance to the largest markets, Europe and North America, will be almost the same from Vietnam as from China, the difference in location being small on the global scale. It might make a difference for Asian sales. You might have a temporary problem ramping up port handling capacity.
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@khairt1731 You appeared to assume that @Ghenesa was from the US. Why?
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Do us all a favor and hold your breath until that happens.
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Central planning caused these problems. Central planning can't fix it.
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Most of these overseas construction projects are financed with loans the locals can't pay back (presumably the Saudis paid up front). This might give China power and influence, but it doesn't bring in money.
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The 80s weren't bad at all.
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