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Doncarlo
Zeihan on Geopolitics
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Comments by "Doncarlo" (@doujinflip) on "Recession for (Almost) Everyone! || Peter Zeihan" video.
Having been to both Taipei and a half dozen Mainland China cities in the past year, yes Taiwan is doing pretty well πΉπΌπ
23
Certainly more productive than increasing our debt trying to keep afloat pricey benefits for terminal retirees.
4
"Excessive" debt loads are like outrunning a bear attack -- you don't have to be faster than the bear, just faster than everyone else. And the USD has been outpacing every other alternative since the British Empire collapsed.
3
Even the jobs they don't want (line factories) aren't doing so well either, with all the shrinking orders and offshoring of operations.
2
If those productivity and profit gains aren't shared more directly with all of society, we'll still have problems though. It's overall buying power that's important, and advances in automation won't apply evenly across everything we need or want.
1
If they're wise they'll be with. All that preachiness about democracy and human rights holds value because the underlying Wisdom of the Crowd provides more accurate and durable governance than "efficient" authoritarianism.
1
Most Americans originally entered without verification of identity, criminal history, or ability to work. I'd imagine "illegals" and their descendants will likewise shape up if we don't legally further steer them into less respectable occupations.
1
His timeline like everyone else's often isn't precise, but the trends are ultimately accurate.
1
Chinese factories are getting less orders too, and foreign brands especially are offshoring operations out of the PRC.
1
Gas prices are always high in CA. That's the cost to keep the air breathable, since no other state has so many cars having its smog trapped at the Sierras. It doesn't help either to lack in public transit, whose fares over time are a lot more consistent.
1