Comments by "Bob" (@bobs_toys) on "PolyMatter" channel.

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  7.  @shenglongli8387  >>we got a bigger problem? at least were free from covid-19<< I sure hope you're not relying on that distinction as a long term thing. It's pretty obvious you are, though. The CCP virus is being dealt with at the moment. The PRC's collapsing, and more importantly, ageing population will go on for at least another generation. Probably more. >>not a remotely wealthy country is a lie<< It isn't. That a poor person such as yourself has a lower standard for wealth doesn't change this. The GDP per capita is a fraction of any Western country and your population is ageing rapidly. >>although certainly not as wealthy as countries like the US.<< 1/6th per capita in that case. I'm going to be super clear here: 10k per capita is poor. >>the 1 child policy was actually what saved china my guy, back then<< And now it's doomed it. Because the idiots in charge, for whatever reason, didn't ask themselves what happens if we keep this going for forty years. >>china did not have the ability to sustain a population any bigger due to the fact that -were poor -we have limited economy -we just fought a war<< Kind of seems like the CCP party's moron in charge shouldn't have encouraged the Chinese people to have lots of children. Imagine the position China would be in today if those three decades weren't wasted under an economic imbecile. As it is, China became old before it became rich. Before it became not poor. >>but now we can sustain a population bigger, so we lifted it, and it's only been 2 years but you already said it's not working<< Damn you're ignorant. Of your own country. It became a two child policy for parents who were both only children in 2009. That's 12 years ago. Then two children if only one parent was an only child in 2014. That's seven years ago. Then a general thing in 2016. That's five years ago. And in each year (with the exception of 2016) fewer children than the one before. When should this change take effect, exactly? Clock's ticking. From the Global Times: 2016 - 17.86 million 2017 - 17.23 million - Drop of 3.5% from previous year 2018 - 15.23 million - Drop of 11.6% from previous year (15% from 2016) 2019 - 14.65 million - Drop of 4.8% from the previous year (18% from 2016) "The birth rate on the Chinese mainland dropped to 10.48 per 1,000 people in 2019, the lowest in seven decades, according to the National Bureau of Statistics." >>your saying shit too quick<< So should be patient for another decade, I guess. Hopefully all of those people who are reaching retirement age will magically get an extra decade of life and good health to buy time.
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  40.  @ranovich6734  >>It's the CPC, first of all.<< You're free to call it that if you wish. I won't stop you. >>Second, that's fine, the productivity of China is bucking even the trend you mention<< 1. Economic growth rates have been slowing down year after year. 2. The big block of retirees is a "near future" thing. Not a thing that's quite happened yet. 3. I don't think children below the age of 7 can be expected to affect current productivity 4. The lack of children can be expected to increase productivity because people who would have otherwise been putting their focus on child rearing can instead focus on work. >>China is now the richest country on Earth<< By what metric? Per capita GDP (which shows the amount of resources available to take care of each person?) Total nominal GDP (which is the metric that's important when you rely heavily on international trade) or PPP which is really only useful for stuff for which there isn't an international market? Is this including liabilities such as, for example, a huge amount of people reaching retirement age? The economic growth the PRC has had has also in large part relied on the additional workers and resources freed up by the lack of children to care for. Now these children are being replaced by adults with a severe decline in new future workers to replace them. >>and it shows zero signs of letting up. << It's amazing what you won't see if you don't look. >>I've been hearing the same garbage takes for over 40 years now<< I highly doubt that. 10 years I could believe. For the rest of the 40 years, it was a powerhouse going through massive growth. >>The truth is China is the powerhouse of industry and production of this planet, and it has zero intention of decreasing this.<< That's nice. Unfortunately the CCP's wants don't define reality. >>By the way, even if this trend was to keep going (which you have zero long-term evidence to go off of for this assumption)<< What time period are you after? Five years is a pretty long time when you remember that the births per year were low enough to make scrapping the one child policy a priority five years ago and they've continued to plummet since. This isn't a one year blip we're talking about. This is six years of continued year-on-year population decline for something that takes about two decades to see the positive results of rectifying. (If there's a sudden massive boom in 2030 that won't be useful until 2050) It also isn't a gradual decline, it's a catastrophic decline. >>the country has 1.5 billion people.<< Do you need to have ratios explained to you? >>even in your fabricated universe where China perpetually shows decreases in net population, that still means it will essentially control world production for centuries to come.<< The problem is the ratio of workers to dependents. If people died the moment they hit retirement, there wouldn't be a problem, but they tend to live up to 20-30 years past retirement age. Those are non-producers who need to be supported (at a pretty expensive part of their lives. Medical care for an adult is more costly than medical care for an infant)
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  41.  @ranovich6734  >>You can call a horse a giraffe, it doesn't mean that the animal isn't a horse. The actual name is the "Communist Part of China" not the "Chinese Communist Party." But you're free to call it a pink elephant if you wish. << The suggestion that it's just the Chinese branch of the global (mostly failed) communist movement seems to upset you. If it's more than that, and is about helping China, you should have no problems telling me what will happen when the CCP loses power (as all governments do) >>Regardless, going off of population data of 5 years to make long term assessments of future productivity and industry for a country is more laughable than what you decide to call a country's ruling government<< Because the people who aren't being born will somehow magically start contributing in the future? Their absence won't deprive the PRC of their potential contributions for the 40-50 years they could be expected to work? When last year's 10 million newborns enter the workforce, about 20 million are going to retire. >>Especially with regards to China, a country whose central government has taken decades of planning and study to turn the country from one of the poorest to one of the richest.<< You're mistaking being better off than under Mao for actually being in a good position. >>For any person who actually studies the plans of the CPC (including their five year plans for essentially ever industry) its demonstrably easy to see that they have known about the decline in population much longer than western chauvinists have been talking about them - and they're already implementing new economic and social policies to conform to this challenge. << They'd want to hurry up. Every year lost is another 10 million + potential future workers. Anyway, can you explain how they're going to get the increase in people that will be needed before about 20 million experienced workers per year start to leave. Also: The solutions require short term pain (it's expensive to raise children) for something the current leadership won't even begin to benefit from until they're almost dead (Xi will be nearly 90 by the time last year's newborns start being useful) >>Additionally, I've heard literally since the the mid 80s that China's growth is unsustainable and they'll largely fizzle within the next decade (wrong, stupid predictions on the back of sinophobic rhetoric) I<< Kind of like Evergrande's model provided year after year of massive increase showing it to truly be a company to emulate* *As long as you ignore the last two years. Also, again, I highly doubt you've been hearing that since the mid 80's. It really wasn't much of a thing until about ten years ago. >> think what you should be 100x more concerned about is where this country (US) is headed - the prospects of productivity, wages, and inflation in this country are harrowing compared to China (but for some reason you choose to fixate on the problems of China but not your own country, which is peculiar).<< Why do you think I'm American? I'm Australian, a country which (unlike the PRC) can actually attract large quantities of immigrants. And this is a video about the PRC. It seems a pretty appropriate place to talk about the PRC. >>The fact you call per capita GDP "the amount of resources available to take care of each person" is the most laughable thing I've probably ever seen on the web. You do realize how this metric is calculated, yes? You take a nation's total GDP, and divide it by the total number of individuals within that country. It has next to no association with "resources at the disposal of a single person" << I didn't say resources 'at the disposal of' I said resources 'available to take care of' A country with a high GDP per capita (such as the USA, if you're going to insist on bringing it up) has more resources available per person than the PRC, whose resources available per person are about half what's considered a poverty level >>Lastly, China IS the richest country on the planet - by pure net worth and assets alone. Not in terms of GDP or GDP per capita - statistics which actually do not have a huge significance for the general population as people like you would deem it. GDP per capita means next to nothing for working people. << Gross. By PPP. Anyway, from this, we see further proof you really don't understand ratios. Absolute numbers aren't the important thing. The important thing is absolute numbers divided by those who need to use it. The amount of resources in a country per person has a DRAMATIC effect on people - working as well as non-working. If you have twice as many people, each person can, on average, have about half as many resources allocated to it. It's why so many hundreds of thousands of PRC citizens emigrate to the Western world each normal year (not counting the years of the CCP virus) >>An increase in this metric, as it has been happening in America for the past 40 years, has had next to significant increase in real wages for working Americans (which is why I laugh my ass off when someone brings GDP or per capita GDP into a discussion relating to the prosperity of the common people). << The amount of people trying to emigrate to the USA (and other Western countries) says otherwise. I'll trust people who vote with their feet over those who simply mouth off any time. >>The richer get richer while labor continues to supply the rich with their obscene wealth; and the GDP continuously increases (while workers continuously get a smaller share of such riches).<< 1. The PRC Gini (a measure of wealth inequality) is 0.465 The USA Gini is 0.434 And the USA has 6x the wealth per person than the PRC does. So not only is there more wealth to go round, but it's more equitably distributed than in the PRC. 2. The average (not median. Average) income in the PRC is lower than the Federal poverty line in the USA. And just to throw it in: The CCP is a party that's proud of eliminating poverty using a line (2300rmb per year)that's significantly less than the global extreme poverty line. A value that's about 6% of the USA's federal poverty line.
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  46.  @JWRame  >>they're already doing it in China. The past 30years is evident<< They're doing some in the PRC, in very specific locations. With some high profile stuff. >>The ascension in tech will surpass the west. The highest bidder will always win in capitalism.<< It will. When you consider the overall package. What do you think can afford to bid more? The country with a GDP per capita of $10k USD or the one with a GDP per capita of $60K USD? >>Even with a demographic problem the sheer scale will still leave china with a larger labor pool.<< A larger labour pool is only useful if the people with the skills it needs: A. Exist B. Haven't gone overseas in search of better money and living/working conditions. >>and I don't understand your assumption that places like Australia and the US are still attractive places to live.<< Well, here's one bit that's highly relevant to IT professionals. I don't need to use a VPN to get to Youtube. Now, that's not the entire issue, but it's a symptom of a massive issue. In general, though, I gave a good outline of the parts you don't understand the post I made earlier today. If you're really interested in understanding this, you could try reading what I wrote instead of cherry picking things you think you're capable of replying to. >>And people in the US are already working for Chinese tech companies. << And the skills they learn are in the US. And they're being paid US wages. And if they change jobs, the companies that have the easiest access to them are in the US. >>We're probably going to see that increase over time.<< And what I said will remain true. That talent will remain in the USA, the money paid for that talent will flow into the USA and the companies that have easiest access to them will be American. Plus, what happens when the USA makes it difficult for Chinese companies to operate there? That day is coming.
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