Comments by "John Roberts" (@view1st) on "PolyMatter" channel.

  1. Of course China can survive sanctions. What do you think it did during the cold war if not survive sanctions. The right question to ask is can the USA, Canada, Australia, New Zealand and the European Union survive the sanctions they've imposed on themselves. Cutting off your own oil and gas supplies, refusing to pay for much needed raw materials you've contracted for, and stealing money of the country that provides those raw materials is not a good idea.
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  2. ​​​ @doujinflip  Why would a country of over a billion people need tourists from other countries? China is a manufacturing economy, not a service economy and it's the countries with service economies that need tourists.
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  3. Now let's consider the reason behind the collapse of the oil price – not market forces but geopolitics: a result of an agreement by the USA and Saudi Arabia to deliberately suppress the price of oil to damage the economy of the Soviet Union. It was one of the myriad reasons for the ultimate demise of the Soviet Union, humanities last great hope against neoliberal fascist corporatism and a return to feudalism. I suppose now we'll have to rely on China, but I'm not holding my breath.
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  4. In purchasing power parity they are already the world's number one economy and set to overtake the USA in per capita terms as well (and by certain metrics already have).
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  5. What production will they pull out of China? China is the industrial powerhouse of the world while the USA is basically a service economy.
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  6. ​ @stantorren4400  that's cold. Like... really cold.
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  7. That's why Asia will begin to overtake Europe and the USA. The dilemma the west faces is that western investment will lead to an increase in the ability of Asia to outcompete it, emulating the success of China and reverse-engineering western technology, developing its own industries and pursuing economic policies that are good for Asia but detrimental to the West. Refusal to invest, on the other hand, will eventually lead to a decline in profits and stagnation for western companies as their own manufacturing has moved abroad and their income stream rests on the manufacturing capabilites of others.
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  8. ​ @weepingcamel1 not so much boycott but blockade. If Europe doesn't want to trade with China that's fine by the Chinese, they'll just trade with the rest of Asia, but if certain countries want to actively shut down voluntary trade through war that's another matter entirely.
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  9. …And control of energy sources (oil and gas).
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  10. It's complicated….
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  11. Ever heard of the WEF (World Economic Forum) and its various 'agendas'?
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  12. Isn't that is just another way of saying the central government of the People's Republic of China, of which Hong Kong is a part, makes the law? Such an observation is trite because there is nothing unusual in that, nothing at all.
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  13. When China makes the rules your outdated economics 101 textbooks will have to be rewritten.
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  14. That's an interesting take on things, in my opinion. 🤔
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  15. ​ @orterves  Masters of manufacturing consent. I like that so much I'm going to steal it and make it a meme.
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  16. ​​ @Thomas.Wright  A Pact Russia entered into ONLY after it couldn't get an anti-fascist alliance with France, Britain and the USA (understandable given that their elites hated communism and as capitalists tacitly supported Franco, Mussolini and Hitler).
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  17. Then they'll simply create their own insurance companies, with the help of Russia, India and the Brics nations.
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