Quote from: RE on Apr 16, 2025, 10:51 PMQuote from: Goldernen Oxernen on Apr 16, 2025, 05:12 PMRE insisted China is toast, counter to my own opinion they were and are thriving. Even here, what happened to Evergreen collapse?
Thriving? Tell that to the graduates looking for jobs.
Not doing too well making new Chinese either.
Speaking of Evergrande...
The only thing keeping China's property market from imploding is state intervention on a massive scale. For somebody who doesn't like big goobermint, I find your enthusiasm somewhat hypocritical. You don't get bigger than the CCP.
RE
Youth unemployment on that rate is everywhere, not only China. Given how high tech and leading in AI they are, its not surprising if their jobs are automated. Ive always said don't go to university for anything not at least reasonably in demand and then complain when youre a barista instead of barrister. way too many Marketing degrees and 'project managers'.
Gen Z mostly don't care about the stock crash Seems a lot of them are aware of and waiting for a real crash.
If overpopulation is a problem, a correction on that isn't bad. One reason China don't have behind it like us is gender war. Theres an unwanted, unnecessary and intrusive govt agenda.
One thing I am not is an Anarcho-capitalist, as in my opinion would lead to corporatism. Thats a highly criticised concept by eg Noam Chomsky, so Im not alone in the skepticism. The handling of Evergrande vs Lehman Bros is night and day. Its the same type of subprime lending responsible, except in the US the houses mostly existed. Evergrande was killed deliberately by the CPC along with other companies that got to 100 billion$ in debt or more. Evergrande was the largest Real Estate developer in the world. The chinese market was a tulip mania and I think is about 400$/week for just a single room studio apartment in a major city. What other country has managed to halt that and stabilize prices? Theirs is a civilization of collectivist and mercantile ethos. I won't complain about a too big so needs to fail action instead of a too big to fail one.
The US had high unemployment in the 1930s following on from the 1920s boom. That didn't mean anything in terms of its rise to be the most wealthy and powerful country across most of the 20th C. The US was thriving, the same way China is now. Making that observation does not mean I endorse everything done by its govt. You can look at the time it took to build things then vs now as to the efficiency of it and look also at its size and spending then and now.
I don't equate hardship with an unhealthy society or civilization. Community and culture comes out of that, especially where govt is not providing anything. The strongest social arrangements are the ones that guarantees survival. Its obvious with immigrants who arrive from places with hard survival and rapidly get ahead.
Assuming an ongoing functioning economy and infrastructure, as an Anarchist accepting the reality of the State, I don't want a system of privatisation of services such as healthcare. I want a govt that is surveilled and monitored instead of the other way around. I doubt postwar Japan or Germany under occupation had any more govt than necessary allowed. Thats the probable way we will be rid of tyranny too.