Comments by "G L" (@gelinrefira) on "Let's Say, Hypothetically, That Ben Shuts The F*ck Up (Ben Shapiro Is Wrong About China)" video.

  1. Also, if you care that much about a free Taiwan, then you should care about a free Hawai'i, free Guam, free Puerto Rico, free virgin islands. Heck, throw in the free confederate states while we are at it.
    3
  2. China's debt are also almost all owed within the country. Hakim is right, China does not have a huge bond debt market. China also has accumulated the highest trade surplus in human history. They are literally awashed with cash. Most of their debts are also in industries that produce real commodities, and much needed services. Personal debts are actually very low and savings are high, and their housing market are mostly houses bought with cash by people or with very high down payments, so mortgage debts are low. China's problem is actually the reluctance of the Chinese people to spend because they are culturally a frugal society that has a phobia of debts and spending too much money too quickly, seeing their history is full of hard times of wars, famines, and disasters. The Chinese people have a lot of capital on their hands. They are doing fine. The Chinese government has the absolute power to nationalize and take over any cancerous company and initiate a controlled implosion to limit the spread of any contagion. It also has the power to de-leverage any industry, restrict any industry to prevent harm from coming to the common people, which they have did numerous times to great effect that has brought relief to the Chinese people. The actions that the Chinese government had taken to protect the Chinese people is transparent for all to see and is one of the driving force for such high approval rating from the Chinese people. The Chinese people know their government stand on their side and they have numerous proofs for that. China is not only growing at 4-5%, they are actually having a deflation now. Which means their real growth is actually even higher and most of it is organic, in important industrial sectors like high tech chip manufacturing. The deflation is deliberate as the Chinese government is trying to implode the real estate market and diversify the country's GDP portfolio. They don't want their real estate to grow uncontrollably, full of over-leveraged developers. That will be a disaster down the market. They are popping the bubble on their own terms so they can build a more sustainable, diversified economy for the future. This is an insane concept for western economists and capitalists. China ain't collapsing. Not by a long shot.
    2
  3. Ohh Singapore is actually a hidden socialist country. It is a hybrid, centrally planned economy with a heavily regulated capitalist market economy that is business friendly as long as you contribute to the Singapore economy. Fro example, the high home ownership is because most of the housing in Singapore are public which are built on state lands by state agency that has many restrictions on who can buy these public housing. Oh, companies are forbidden to buy public housing in Singapore.
    2