
“China’s Looming Crises | CNBC Marathon” . World history and geostrategery classrooms. The most remarkable thing about this question and this report is the fact that it appeared in a Western imperialist corporate financial press — Big Wall Street and Big Western Imperialist Higher Ed are the two industrial sectors most in the tank for the Chinese Communist Party and the blood money it handed out. The same Western pack mentality commentariat that talked up the “inevitable” Chinese Century is the same pack mentality industrial complex talking up the rapid collapse of communist China. I maintain the same skepticism and caution re: both extremes. It is true that communist China is no longer profitable for the Free World. It is true that dictator Xi has decided, as Putin has, that a deglobalized communist China that is on a permanent war footing (“continuous revolution”), that is poorer, is the best way to save his communist dictatorship. Once we understand these two main ideas, then we’ll see why advice from the Western imperialist academia and think tanks on how to “engage” and “de-escalate” and “pacify” the Chinese communists is at best ineffective, and I fear, highly dangerous for world peace.
This phase of the Chinese communist economic crisis is not unique in world history – demography changes, overcapacity, macroeconomic cycles, the transition from an export-led, low-wage economy into a consumer-service-led mature, domestic economy, etc. etc. What Western imperialist commentariat gingerly dances around is the fact that dictator Xi has either killed, imprisoned, and/or exiled nearly all economically competent leaders who makes any difference or dares to challenge Xi’s ignorance and hubris. While communist China’s economic crisis is multifaceted and complex, the main challenge to its economy is the nature of a totalitarian dictatorship. Dictatorships handle crises poorly — the Chinese communists mishandled the pandemic from beginning to end; the authoritarian Trump botched the pandemic for similar reasons — knowledge can only be held by the Great Leader, wrong choices cannot be debated honestly and changes made quickly. China’s economic crisis is a subset of its political crisis — since its late Manchu era, that’s been the case – a vast, landed, multinational empire with many talented thinkers, yet authoritarianism has stifled China’s ability to create a sustainable political and economic system. It is China’s continuous, self-inflicted political disasters from the late 1800s to now that prevents moderate, sensible, humane economic policies from emerging.
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