Comments by "Winston Smith" (@kryts27) on "PolyMatter" channel.

  1. From my experience, university education is largely a scam and i have 4 technical degrees and one humanities diploma. The reason most people take their time away from working as young adults to do at least one degree is to fullfill expectations of qualifying for and attaining professional or para-professional work when the degree is completed. In my case, this took four goes, because at least two were unfulfilled or not the right profession for me. I strongly suspect that many young adults emerge from universites with a degree, finding that thousands of their ilk are applying for a handful of jobs and after about a year of waiting on tables (for example) for a pittance of a wage and applying for handreds of jobs in a saturated market and going to a handful of dispiriting failed interveiws, that the young person (a year later) feels deep frustratration and low self-esteem after the brief high of graduation. This is because the economic system for degree-mania (by employers) is largely unattainable and untenable, making a lot of angry but well educated young adults. The Chinese, a people placing very high expectations on degrees making a future for prosperity and job satisfaction, are going to be equally disappointed and equally dissatified. Universities play on the hopes and expections of young people, and after the blood, sweat and tears or working hard to attain your degree, find a mirage in the desert. This is phase one of a social revolution when it is discovered that corruption will play it's part in shoe-horning a few lucky (and well lubricated and connected) graduates into a few strongly sort-after positions (this is happening in the West as well as China). When this scandal is discovered, then watch University campuses across all countries literally explode with rage.
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  3. This explains the why of the Belt and Road Initiative. It fails the "how it is implimented" theme. Because many Chinese contruction companies are involved in this initiative (to build infrastructure projects in African countries for example), they have strong incentive to hold onto the maximum funds (distributed from the CCP) that benefit all it's employees. All of them, including Chinese building labourers, who are sent to Africa to work on the project. This means that local labour, that could be employed on these building projects mostly misses out. To the corrupt authoritarian governments and individuals of these African countries who have accepted the large bribes of the Chinese contruction company; this is little concern of them, since political opposition often is literally off fighting the government in the bush and the corrupt elites accepting the bribes feel fairly invulnerable. However, the Chinese construction firms will come between these two local forces, as the opposition views Chinese investment to be strengthening the government without any benefit to them, so that the Chinese senior contruction workers and engineers themselves become targets for snipers and kidnapping for example. So this boomerangs back to the CCP who hushes all these incidents up to look smooth. Great isn't it? A great white elephant project is built by the CCP in Africa, the local ruling elite get paid off, and the opposition in the bush gains recruits and arms (assume the latter paying for the arms from drug running for example. Don't laugh, growing and pushing opium was a way the CCP paid for arms in the 1930s) and no-one gets anything in the local economy, except for the corrupt elites, and eventually a long and bloody civil war is waged which probably destroys the Chinese built project anyway.
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