Comments by "Terence Field" (@terencefield3204) on "Chinese stocks under pressure as investors lose confidence in the economy" video.

  1. Most people are far too young to remember the extremely fast growth of the Soviet union touching 6% during a period of early development up to an including the years when kruschev slammed his shoe on the table at the UN and said that they would bury the US with their economy economy. We all saw what happened for the twent years following. Centrally directed economies, can appear to do very well when the initial structural components are being accumulated by a powerful enabling state, but then comes the rub - how to transition from that state condition to the complexity of an advanced economy as is seen in all western states. Central direction cannot achieve this, the misallocation of resources is gigantic and collapse almost inevitable. Even if collapse is not achieved, sclerotic, growth and disorder happens as a result of the incompetence of central committee management of economy. The Chinese unsmiling emperor is a Marxist and is blind to these realities. It is plainly obvious that gigantic resources are misallocated both to military for prestige purposes, to real estate for central oppression purposes and immense population management purposes, and to the insane development of dysfunctional and undesirable cities in ridiculous locations. Glitchy  They look glitzy, but they are appealing inhuman places to exist in. Doing ridiculous things in order to desperately sustain some kind of employment for a population that is so vast and unweildy, in un-natural circumstances, the only way that it could progress would be the liberty of personal action . China is a failure as the Soviet union was a fail. It is long overdue that the west saw this rather than in terra and amazement at a central committee of robots, and an unsmiling emperor, who swaggers around glaring at everybody in sight. China is newspaper tiger their club of people and could do very well but it’s more like a great oak tree. It has grown too fast and eccentrically, and the central core is rotten..
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