Comments by "Paul Aiello" (@paul1979uk2000) on "China’s Fundamental Economic Problem" video.

  1. The current leadership of China are coursing on the last leaderships reforms, the last government did a lot of reforms over the decades that were setting China up on the right path when it comes to economic growth and opening up its economy, the current leadership has been going in the other direction, locking things down, restricting the economy and reducing the freedoms that the people have, whiles also being more hostile on the world stage. The ripple effects of this takes time but China is going through the current mess that the current leadership created themselves, after all, centralising too much power has never worked in the past and likely wasn't going to be that successful over such a massive population. Whether they can turn this around is debatable, but unless the current government loosens up, reduce a lot of the restrictions they've put on the people, open up it's economy more in allowing the people to be more creative and also reduce the hostility around the world, I don't see much chance of China recovering. History has shown it time and time again that the most successful economies are the ones that are the most open, open as in the economy and freedoms for the people to express themselves and be creative, open in as to not be fearful of your government, what we are seeing in China is being done to themselves by the current government, the current government is also making it very easy for the US to turn much of the world against them, basically, the biggest threat in China is the government and that threat is by far the most on the people of China, because it's impacting them far more than it does the world and in the end, the people of China have created a monster in the government, I wish them luck in overthrowing it because it's not going to be easy. As for the west and east, let's not kid ourselves, the east is still rising, China is only one country in the east, a big country, but because of the size of the population in the east and with how quickly it's modernising, it's still very likely that the focus in the future is going to shift from west to east, there's just too big of a gap in population size and growth for the west to really compete with them in the long run, especially as they continue to modernise. In the case of China is still growing, that's true, but we should put things into perspective, on a per capita basis, they are still a long way behind western countries, there's still a lot of easy growth to be had by just following what more successful economies are doing, having much slower growth at a time when growth should still be fast should be alarming for China, to make things worse for China, there's an active push from a lot of countries around the world to be less dependent on China when it comes to manufacturing, and worse yet, we are on the verge of a A.I. robotics revolution over the coming decades, cheap labour in China isn't going to compete with that and with that, a lot more jobs are likely going to be pulled out of China, mostly for security reasons and to a less degree, economics, the only solution I see for China is that it needs to open up far more, but that seems unlikely with the current controlling government.
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