The only thing wrong with it was that it was an underestimate.There is so much wrong with this estimate, I don’t know where to start.
That was completely wrong. The actual size of the Chinese economy in 2020 was more than double that.The economic growth estimate assumes a more than $ 7 trillion Chinese economy
If it's "lucky" to reach $4 trillion, what do you call exceeding $14 trillion?Using Dr. Cooper’s estimate of the Chinese economy in 2020, China would be lucky to reach of a $4 trillion economy.
this should put literally every single one of his estimates on China in severe doubt. Yet they're never held accountable. That's the real sickness - lack of accountability. I'm of course talking about the Ottomans and Qing. Bad, bad Turks and Manchus.I was going through some archived posts at armscontrolwonk.com when I came across this whopper:
LMAO at that jackass Jeffrey Lewis. Here are some choice quotes:
The only thing wrong with it was that it was an underestimate.
That was completely wrong. The actual size of the Chinese economy in 2020 was more than double that.
If it's "lucky" to reach $4 trillion, what do you call exceeding $14 trillion?
Reminds me ofI was going through some archived posts at armscontrolwonk.com when I came across this whopper:
LMAO at that jackass Jeffrey Lewis. Here are some choice quotes:
The only thing wrong with it was that it was an underestimate.
That was completely wrong. The actual size of the Chinese economy in 2020 was more than double that.
If it's "lucky" to reach $4 trillion, what do you call exceeding $14 trillion?
Rising China? No. Why?
For China to evolve into a superpower it would need to become a First World economy, which would requires liberal institutions.
China is not a western society. This may sound like cultural imperialism, but the fact is that liberalism is a western invention. It can function effectively in Asia, which is why Japan and Singapore are wealthier than many western nations, but history shows that Asian states that successfully adopted a liberal system did so as a result of prolonged western influence. Japan was forced by the unequal treaties under Meiji to adopt western legal codes and was for seven years under American rule following the Pacific War. Singapore and Hong Kong are creations of British colonialism. Korea and Taiwan spent decades under Japanese rule, which imposed on them western legal and bureaucratic norms, and after 1945 fell under considerable American influence. China, however, would have to achieve a liberal transformation without such prolonged western (or Japanese) influence.
Therefore, China is most unlikely to develop into Asia’s new superpower or to threaten the US-based international order. Moreover, to the extent that China has gotten stronger in the past twenty five years, it has done so as a result of trade, investment, and educational ties with Japan, Taiwan, the US, the EU and other liberal democracies. Were it to engage in an aggressive stance against the liberal democratic order, these links would collapse, causing the Chinese economy to go into a tailspin.
There are many reasons to be pessimistic about Japan. Nevertheless, and this may surprise you, it is easier to be optimistic about Japan than about China. Why? Japan, unlike China, has functioning liberal institutions. Japanese enjoy the rule of law, the bureaucracy is effective, the state apparatus has the capacity to enforce the law, and there is a general agreement on the constitutional order (proposed amendments to the constitution do not put into question its basic framework). Corruption surely exists – as it does in America and Europe – but it is not endemic to the bureaucratic system itself. Therefore, though Japan needs major reforms, the country does not require, as China does, an entirely new political and economic order.
just to let you know how the rot goes all the way to the top, 3 things I noticed:Reminds me of
2002 publication
Some gems:
tl;dr "China must be colonized by the west for 300 years if it is to successfully industrialize"
They are saying the same things today as they were 20 years ago.
And this pigskin's predictions on Japan are somehow even more hilarious:
All in all a thoroughly enjoyable read, 11/10 spit out my morning coffee