Comments by "Winston Smith" (@kryts27) on "Chinese Gov't Eyes $1 Trillion USD in Citizens' Savings, Using Fines, Price Hikes, etc., to Reclaim" video.

  1. Hey, that's straight out of "Animal Farm", (George Orwell).
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  2. Stagflation is starting to hit China. The Soviet Union also went through this. In order to try to counter this, the central Soviet government subsidized the wages of the urban proliteriat, but did not try to deal with the root cause of the problem economically. So people bought bread at non-inflated prices but the flour supply did not increase, so bakers quickly ran out of bread. People in the end queued for hours or even days for a loaf of bread. Shortages occurred in most kinds of consumable products and most shop shelves were empty. The hyper-expensive black market flourished (for those who could afford it) even when the Soviet government tried cracking down on it. Like all "good" dictatorships, the Soviet Union tried autarky, but could not manufacture all househould products and cars at the same quality and quantity. Without free markets, most Soviet citizens waited for years to own a car, even when a partial down payment initially occurred.
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