Comments by "DasBubba" (@dasbubba841) on "China's Economy Is Collapsing, What Happens Next To Global Markets? | Patrick Boyle" video.

  1.  @whydoncha  "China is under serious pressure from a collapsing real estate sector, deflation, population decline, and very high youth unemployment" "Uh, why didn't you mention all of the US's problems?? US growth has PEAKED (dude trust me bro) so it's literally over for the US" We're in a world where EVERY economy is struggling, or under serious pressure. Some more worse than others.
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  2. Heading? Already is there.
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  3. The US didn't just have its real estate sector implode.
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  4. It's a very, very simple answer. They're lying. You see, the political fortunes of local and provincial party leaders have been based on economic growth. The higher the number, the more likely you are to get promoted up the party ladder from some nasty post in Yunnan to somewhere comfier on the coast. As well, people who don't meet growth targets at best have their careers frozen. At worst... demotion. Even back in '08, Chinese leader Hu Jintao basically said "We don't really know what the real numbers are for the economy" because there was so much manipulation. The legitimacy of the CCP is based on economic performance. As long as the economy improves, no one really minds. When the economy slumps, people are less tolerant of the more unsavory features of the CCP: endemic corruption, arbitrariness, blunt authoritarianism, etc. Social stability, the one thing Bejing really cares about, is at risk.
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