Comments by "" (@craigkdillon) on "Nomad Capitalist" channel.

  1. Boyle's reasoning about what happened to American rail and why trackage declined sounds nice, but is wrong. Before the 1930's roads, and even streets in cities were dirt. Rail was how supplies were delivered to factories. After WW2, the US spent a lot of money building the interstate, and streets in cities all became paved. Roads, cars, and trucks were subsidized. Now, factories are often supplied solely by trucks. THAT is what happened to American trackage.
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  2. Patrick Boyle is great. I love his analysis. His economic analysis is spot on, IMO. Hos only deficiency is that he does not talk about social organization, how people are treated, the role of law/contracts/courts and other aspects of China's structure. Economists analyze economies and countries through the same lens. They assume countries are similar -- which they are, if you are looking at the mature western countries. Usually, countries on the rise imitate the advanced countries - so you can analyze them as modern countries. China is different. For instance, its usage of real estate development to finance local government is insane. It creates a Ponzi scheme. This was apparent 20 or 30 years ago. But, this factor was ignored. Yet, everyone knows how Ponzi schemes end. Another issue is "internal migration" in China. People who move from one part of China to another are treated as immigrants -- not like citizens of China. They don't get health & education services. The injustices in China create misery, and hide the poverty that exists. China is collapsing because of these broader issues, not because they built too many roads and bridges. Unfortunately, I doubt Pat Boyle is equipped to analyze these other factors determining China's success. I suggest looking at Leis Real Talk, and Laowhy86 channels. They give great insights into how China really functions.
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  3. @ I do not believe China's numbers and claims of 5% growth. The fact that banks and governments are NOT PAYING their people shows that. What would happen in the US if states like NY, OH, and AZ could not pay their workers? What would happen in the US if people could not withdraw their money from banks? China's economy IS collapsing. Going by eye witness accounts of what is going on.
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  4.  @hughmungus2760  It's collapsing.
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