Chinese Economics Thread
- Thread starter Norfolk
- Start date
It is difficult to see the west accepting a secondary role to China. The West has had over two hundred years of world dominance. First UK, then USA.
Judging by Trump's coercion of UK (taking credit for UK's change of policy, Imagine if that was China, some posters here will be screaming as another shining examples of China can't be trusted, yet the UK can tear away the golden period agreement with China less then 5 years ago, after China already spent money in the UK), the four eyes, and bullying other European countries. (Sanctioning of Germany nord stream).
It does look like the west is willing to destabilise the whole world just to maintain their dominance.
I'm still scratching my head as to why stock market is so bullish. All the signs are pointing to a recession on the scale of the great depression. Meaning high unemployment, goods not being purchased, firms not earning enough to pay dividends or accumulate enough for capital gains on stock.
I would be selling my stock, not buying them. Just can't work it out. I need my old tutor back to discuss this with me. As now, my economic students will be asking me this when we get back in september, And as for now I'm at a loss. Anyone here can put a light as to why US stock market is so bullish? Is it driven by sentiment at the moment?
The system has been flooded with liquidity?
Half of the US population (and therefore retail investors) believes that the Coronavirus is just another Flu?
Chinese stock market highs influencing the rest of the world?
Over the past few years, the studies have shown that the Chinese markets are ahead of the curve and are the leading indicator for the rest of the global markets.
Maybe a combination of the above?
"Economic activity in other parts of China, especially construction and steel and cement demand, has also been hurt by the flooding, analysts say, suggesting some loss of momentum after a stronger than expected bounce in the second quarter from the coronavirus crisis.
“We estimate recent floods in Yangtze River regions could lead to a gross drag of 0.4-0.8 percentage points on third-quarter GDP growth,” analysts at Morgan Stanley said in a note to clients on Friday."
plawolf
Lieutenant General
It is only because China has not tried to actively export its ideology and social, political or economic models that the west has left China relatively alone for so long.
In the past, the west was always able to ‘explain away’ why Chinese economic performance was consistently so much better with crude and often thinly-veiled racist excuses (funny how the near universally chanted mantra that Chinese can only copy and never innovate has so suddenly and comprehensively disappeared from western MSM narratives in recent years, with the new mantra being focused on privacy and security).
But the overwhelming evidence of China’s comprehensive success is becoming increasingly difficult to explain away. This is now starting to seriously threaten the fundamental interests of western elites who benefit so disproportionately from the status quo, that they have spent decades crafting and maintaining.
The primary reason western elites have been able to grab such a ridiculously disproportionate amount of wealth is through state capture and crony capitalism.
This is achieved through ownership and control of the MSM (controlling the narrative); creating and maintaining an endless funding arms race in elections (Creating a need for politicians to come to the elite rich cap in hand for campaign donations, thereby creating obligations that can be cashed in later in the form of law changes and new laws to legally protect Elite interests); and finally, the ultimate weapon in their arsenal is the creation and maintaining of the new religion worshiping the new gods of ‘democracy’, ‘freedom’, ‘rights (Both ‘god given’ and ‘constitutional’)’, and of course, good old ‘capitalism’. Like all good religions, there also need to be ‘big bads’ needed for the ‘good’ gods to protect you from, which are ‘communism’ and ‘authoritarian’
In most ways, the new religion is the greatest weapon for the elites. Anyone who tries to challenge their interests can be easily case in the role of ‘heretic’, and their arguments twisted as assaults on the new western gods and so easily shut down, marginalised and stigmatised.
The ‘universal truth’ used to underpin this new religion is the dogmatic lie that democracy and free markets are the best forms of governance ever created by man. If you question any obvious flaw or problem with the system, your concerns are dismissed by the demand for you to come up with a better system, which is simply disingenuous and merely a means to deflect your original point and to shut you down.
The threat that China poses to western elites is that its mere existence and success is starting to make it a credible answer to the loaded question above.
Their greatest fear is that as soon as they loose the magical protection of being able to deflect any and all criticism of their system by referencing the unsurpassability of the western free market capitalist model, people might actually start to seriously look into the deliberate flaws they have built into the western system to benefit themselves; and start to shut those down. If enough of the right loopholes and flaws are shut down, like campaign financing rules, or private media ownership and media responsibilities, why that might bring their whole racket crashing down like the house of cards that it is.
That is why they see China‘s mere existence as a threat, and Chinese success as an intolerable danger.
If the last few months have taught us anything, then we should know that the West would just ban all Chinese from posting. That means mainlanders wouldn't even have a chance to troll in the first place. FB, IS, Google, Twitter have demonstrated that they are even better at censoring views and at the same time claim the moral high ground.
Money of course