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007 JMK
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Comments by "007 JMK" (@fujigoko007) on "Why China Is on the Brink of Its Biggest Crisis in Decades" video.
It's no wonder college graduates don't know that the Fukushima treated water discharge doesn't cause any problems. In China, everything rots like this, even human capital. So, just like in Russia, talented people run away.
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What is wrong with the Chinese collapse theory? In the first place, under communism, the market is politically distorted and "organic equilibrium" does not occur So the concept of "collapse" is not appropriate. It is a political failure and a frustration for the people involved. Historically, in China, this kind of depression of the people leads to civil war, and the regime collapses. This is the true "Chinese collapse".
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Chinese and Koreans decide the policy and amount of investment for political bravado and self-esteem. They do not choose to grow by balancing domestic demand and domestic supply. In the sports analogy, they invest only in the national elite and do not look to promote sports to the public. Therefore, the domestic sports market will not grow. What is happening in China now is the adjustment of that imbalance. And it's a pretty big adjustment.
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The US Democrats hated Japan, so they helped the Soviet Union. The Soviet Union became a great power. The US Democratic Party hates Japan, so they helped China and South Korea. China became a great power, and South Korea became Japan's supervisor. Japan finally declined. what happens next?
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