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

  1. This narrator only touched on human rights, rule of law and universal suffrage (too taken for granted in the West), but it's been plain to me for at least 2 years that economically China is facing a very deep and long recession. So bad, that it's additionally facing a food and energy shortage (price inflation) crises. This is stagflation potentially at Weimar Republic levels. Much of this economic malaise has been propelled along by authoritarian socialist and totalitarian centrally-planned governmment, that should be a lesson to us all on the economic fragility and deep, debilitating and endemic corruption that plagues such a rotten system of government. The West is not immune from this either, we just have to hold the actions of our elites to stern but fair account legally for their misdemeanours.
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  2. Hopefully a terminal economic collapse that end the evil, totalitarian CCP.
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  3. This is a classic economic model of a tiny number succeed (the high CCP officials), whereas the great majority loose out. I.e. the ordinary (urban) Chinese looses his or her job (and therefore income), the value (or entirety) of their property and now faces starvation in the lockdowns (we focus on Shanghai, but there are a dozen mainland China cities under lockdown now) And we haven't even addressed the long-term decline of the countryside of China, where hundreds of millions still live, eking out a third-world existance on polluted soils with decreasing productivity. Or the looming severe demographic crises of China, which will have massive economic impact to come. Except for the violent excesses of civil war (still to come undoubtably), the mainland Chinese have had a feast of misery force-fed to them by the corrupt and asinine CCP.
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  4. Yes, there are parallels between the deflation and aging population crises that struck Japan in the 1990s, and what is happing in China this decade. However, since WW2 Japan has prospered under quite good democratic government. China was and is afflicted by a democidal ideological totalitarian government, and the demographic stagnation looks similar, but in China's case was enforced by the One Child policy for 40 years. Also according to the words of PM John Howard " China will grow old before it grows rich", seems true. In Japan, at least they grew rich before they grew old.
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