reply on: When 500 million Chinese change their spending habits, the world feels it \ stacker news ~econ

pull down to refresh

10 sats \ 1 reply \ @nkmg1c_ventures 4 Apr \ parent \ on: When 500 million Chinese change their spending habits, the world feels it econ

This sounds glib, but they will do what they must. They will adjust to a new way of life where people are likely devalued. Neo-feudalism is emerging everywhere it seems

10 sats \ 0 replies \ @OT 4 Apr

Right, we'll have to wait and see. I can't really see China collapsing TBH. It might end up looking like Japan's death by 1000 cuts, or they could turn it around and be the superpower many think it will become.