💢 Great last segment on China Update today. Excerpt from an academic piece on the scale of troubles China finds itself in.
The scale of overcapacity is hard to believe. They are in a typical bust phase of a market, but instead of it being a market economy where the gov steps in with bailouts, it is an authoritarian directed economy. Creative destruction doesn't mean businesses fail, it means the CCP fails.
https://youtu.be/CDf8OlCi0Mw?si=bf-NNHEfnA1-axQJ
Here is the op-ed published by the Council on Foreign Relations
https://www.foreignaffairs.com/china/chinas-real-economic-crisis
AnselLindner
npub1pg…gtvgj
2024-08-08 02:38:38
Author Public Key
npub1pg5a8mv2hc4eeux79v5vpl6lzy8vtm3u9tyt9t7nu9saprpf9jgsygtvgjPublished at
2024-08-08 02:38:38Event JSON
{
"id": "10b3485d68301e58d20d3e81576ee68963b8a72641cb77cb21a4698116fe30c6",
"pubkey": "0a29d3ed8abe2b9cf0de2b28c0ff5f110ec5ee3c2ac8b2afd3e161d08c292c91",
"created_at": 1723084718,
"kind": 1,
"tags": [
[
"r",
"https://youtu.be/CDf8OlCi0Mw?si=bf-NNHEfnA1-axQJ"
],
[
"r",
"https://www.foreignaffairs.com/china/chinas-real-economic-crisis"
]
],
"content": "💢 Great last segment on China Update today. Excerpt from an academic piece on the scale of troubles China finds itself in.\n\nThe scale of overcapacity is hard to believe. They are in a typical bust phase of a market, but instead of it being a market economy where the gov steps in with bailouts, it is an authoritarian directed economy. Creative destruction doesn't mean businesses fail, it means the CCP fails.\nhttps://youtu.be/CDf8OlCi0Mw?si=bf-NNHEfnA1-axQJ\n\nHere is the op-ed published by the Council on Foreign Relations \nhttps://www.foreignaffairs.com/china/chinas-real-economic-crisis",
"sig": "d33c9143ff9bbf827140af123ca7c069784d604ef4660c56589fdc535156656f7a73601bad74c0f51aaf875a11fd6c500c8aeb78429f157f7cd1e592efd0a2e6"
}