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33 sats \ 10 replies \ @Rothbardian_fanatic 11 Oct \ parent \ on: The Manifestation of Economic Laws Across Societies and Epochs econ
That has never happened yet and I don’t think it will ever happen. The closest the Marxist’s have ever come to it is Dengism (communism with a Chinese flavor) and you can see the results of that happening at this very moment. The Chinese bubble is bursting and I don’t think they can save it because they will try the usual, current remedies. IMHO, Xi is on his way out (lost the Mandate of Heaven) and their economy will collapse. The other alternative is the tried, tested and true method of WAR.
The other thing about China is that they're sort of Communist in name only. They embraced markets to a very significant extent and the Chinese people are very entrepreneurial.
Obviously, they'd be much more prosperous if they leaned even further into markets, but they're more of a standard "mixed" economy than real communist experiments like Maoist China or the USSR.
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Of course, Deng was a real counter-revolutionary, when it came to the economy. He embraced market to a certain extent. Xi, on the other hand, has tried to wind in the line that Deng let out to the markets. Xi and his cronies really like this crony capitalism that is taking over the world. It allows them, personally, to join the oligarch class around the world.
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My sense was that China ran out of market reforms that wouldn't cut into some crony's racket.
I agree with you that they'll need a change from the top, in order to advance their economy further.
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I think the change is coming from the bottom up this time because the people are not going to take it any longer. This time the general population, with their real estate investments will be the ones to suffer heavily, and, consequently be the most pissed off. I think that even this time they will be pissed off enough to ignore the higher ups. They also have the slight problem of an imbalanced population, I believe it is about 60% male and 40% female at this point in the younger generations due to the one-child policy of the past.
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The number of young men lacking viable opportunities is a very significant problem for them. My expectation is that they are aware of this problem and it will be part of the reason for top-down changes.
I haven't sensed any revolutionary spirit from the Chinese people I know.
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Not sensing the spirit is a huge thing. However, I think that the population imbalance will be settled on the shores of Taiwan, the Philippines and other China Sea nations, no matter what we like. It is baked into the cake by the globalist hacks.
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I hope not, but they certainly wouldn't be the first to solve an idle young men problem that way.
I'd say there's a decent chance they do something like the New Deal and deploy those idle young men on remote public works projects.
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Yep, they could put them to work on the new Silk Road. There is a lot of work to be done on it, but, the locals don’t always appreciate having Chinese relocate to their country. Malaysia comes to mind, right off hand.