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What does a failing economy look like when they're still making all the products for the world? Higher taxes on producers? More producers flee?
Japans Lost decade: Toshiba and Sony did not stop pumping out cheap & good electronics en masse to the world market, job losses were not a deep crisis and yet people lost paper wealth, peoples wages stagnated and gdp stopped growing
3 decades lost and counting
Winnie Pooh on the brink of first bailout for banks
Betteridge's law of headlines says "No"
There is too much corruption to turn it around.
It's just fundamentally the wrong question. It would be like asking if someone has enough gasoline to put out a fire.
What they probably mean, though, is if they have enough to turn the GDP metric around.
Does China have the fiscal firepower to rescue its economy? Answer No. The GDP data is fraudulent
https://xcancel.com/mrbcyber/status/1877595402259550521
I disagree with this. China can definitely borrow enough money to bail out the banks and the shadow banks.
https://xcancel.com/Noahpinion/status/1877616785115197538
What does a failing economy look like when they're still making all the products for the world? Higher taxes on producers? More producers flee?
Japans Lost decade: Toshiba and Sony did not stop pumping out cheap & good electronics en masse to the world market, job losses were not a deep crisis and yet people lost paper wealth, peoples wages stagnated and gdp stopped growing
3 decades lost and counting
Winnie Pooh on the brink of first bailout for banks
Betteridge's law of headlines says "No"
There is too much corruption to turn it around.
It's just fundamentally the wrong question. It would be like asking if someone has enough gasoline to put out a fire.
What they probably mean, though, is if they have enough to turn the GDP metric around.
https://xcancel.com/mrbcyber/status/1877595402259550521
https://xcancel.com/Noahpinion/status/1877616785115197538