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Thomas Rogers
Bloomberg Television
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Comments by "Thomas Rogers" (@thomasrogers9146) on "What the DeepSeek AI Fever Says About China's Economy" video.
OUR MODERN ECONOMIC THEORY MAKES NO SENSE TO ME. I DO NOT UNDERSTAND WHY CHINA'S 18 TRILLION DOLLARS IN DOMESTIC SAVINGS AND LOW CONSUMER SPENDING IS A BAD THING. I UNDERSTAND SPENDING IS GOOD FOR THE ECONOMY BUY OVER CONSUMPTION IS HORRIBLE FOR ANY SOCIETY AND ECONOMY ESPECIALLY IF IT IS FUELED BY CREDIT HIGH DEBT BURDEN AND LOW SAVINGS RATE..IF THE CHINESE ECONOMIC HAS HIT HOMEOSTASIS THEN THIS MAY BE A GREAT ECONOMIC MODEL FOR THE FEATUR.
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LESS THAN 10% OF THE CHINESE ECONOMY IS BASED ON FINANCIALIZATION AND THE CHINESE STOCK MARKET..CHINA HAS SAID OVER AND OVER AND OVER AND OVER AND OVER, WE DO NOT CARE ABOUT THE CHINESE STOCK MARKET WHICH BENEFITS THE RICH AT THE EXPENSE OF THE REST OF OUR PEOPLE..WE DO NOT WANT A CASINO ECONOMY.WE ARE A MANUFACTURING ECONOMY POWERED BY INNOVATION. THE PRODUCTION OF REAL TANGIBLE GOODS PEOPLE NEED AT A PRICE THEY CAN AFFORD GLOBALLY. NOT FINANCIALIZATION AND SPECULATION. THEY HAVE LEARNED THEIR LESSON FROM THEIR HOUSING BOBBLE ABOUT THE DANGERS OF FINANCIALIZATION AND SPECULATION..CHINA IS A SOCIALIST NATION WHERE THEIR ECONOMIC MODEL IS BASED ON COMMON PROSPERITY FOR EVERY CITIZEN NOT JUST INVESTORS AND BILLIONAIRES. THIS WAS THE AMERICAN ECONOMIC MODEL FOR DECADES BEFORE THE REAGAN NEO LIBERAL DESTRUCTIVE FINANCIALIZED GREED BASED SADIST PREDATORY INHUMAN SOCIOPATHIC RACIST TRICKLE UP CAPITALISM DESTROYED THE U.S AMD THE WEST ECONOMICALLY AND SOCIALLY.
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