Comments by "Walter Burton" (@WalterBurton) on "China’s Lockdown Problem" video.
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The rest of the world (most of us) gave cash to consumers, emphasized consumption. China emphasized preserving production (yes, coupons and whatnot, but the point is the EMPHASIS). In hindsight, the mistake was assuming that the demand from overseas would return. Or, rather, betting on that outcome. They'll figure it out. I feel bad for the Chinese. Never mind the fact that they're dragging the rest of us down. We all need to work better together to coordinate on keeping the bread and circuses coming, regardless of ideology. Nuclear weapons? Pfffpth! Go pound sand. Yes, we still need treaties and FOR SURE we need non-proliferation efforts (in all of our interest, obviously), blah, blah, blah. More importantly---FAR more importantly---we need to coordinate these markets so that we don't end up with huge masses of angry proles. It doesn't seem like it would be rocket science, to solve that problem. But what do I know?
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