Comments by "Kenz300 x" (@KJSvitko) on "The globalization backlash: A new world economic order? | Business Beyond" video.

  1. China's economy is in slow decline. The virus lock downs will speed it up. Lower GDP, higher unemployment, property developer bankruptcies, small and medium businesses going broke, local governments running out of cash, local banks running out of cash and individual personal despair of the population will lead to lower consumer spending. This will end up impacting the world economy and the US. China will try to spend its way out of its decline with government stimulus and that will reduce prices of goods produced in China and shipped around the world. Inflation will decline. China is the worlds second largest economy. A slow down in China will slow demand for energy. Steel production has declined and companies are going bankrupt because of the property developers stopped projects all over the country. The property developers collapse will ripple thru out the economy. Lock downs will make it worse. Individuals, corporations, bond holders and investors are leaving China.
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  2. China has no rule of law. Corruption is tolerated. Stealing intellectual property is expected. Lie, cheat and steal is all too common today. Greed and selfishness is every where. You can not trust people, businesses, or government to be honest and truthful. Parents and teachers stopped teaching children the "golden rule" 40 years ago and now honesty and caring for others keeps declining. Society and business can not function if no one can be trusted to tell the truth.
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  3. Supply chains are broken. China will no longer be the worlds manufacturer. China has become too aggressive with its people, it neighbors, corporations and the world. Investors, bond holders, corporations and individuals are diversifying their supply chains and moving some manufacturing back home. Unemployment in China is rising, developers are bankrupt hurting banks, bond holders and suppliers. Russia and China are hurting their people, their neighbors and the world.
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  4. Why can't we all just get along ?
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  5. China is too aggressive with its people, its neighbors and the world. This is bad for China and the world. It is much better to get along with others and solve differences by trying to develop a win - win solution. Win - lose solutions are bad for people and the planet. We all need to get along and quit trying to lie, cheat or steal to get ahead in life. China has poisoned its air, land and water resources abusing its people, nature and the environment.
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