this post was submitted on 16 Oct 2023
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chapotraphouse

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https://www.businessinsider.com/china-xi-jinping-economy-real-estate-debt-bust-american-companies-2023-10

It's time to imagine a future where China does not become rich but may remain powerful — building its army and continuing to develop its domestic technological capabilities. History has shown that economic privation need not impede China's technological achievement. During the depths of the Maoist purges, the CCP was still able to develop the atomic bomb, the hydrogen bomb, and its own intercontinental ballistic missiles.

Which is why we must go to war with China.

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[–] autism_2@hexbear.net 54 points 1 year ago (2 children)
[–] barrbaric@hexbear.net 29 points 1 year ago

Oh good, I was worried there for a second. Back to sleep ![blob-sleep](https://hexbear.net/pictrs/image/9eb76beb-acfa-442c-9c26-e60c1fcd657a.png "emoji blob-sleep")

[–] zed_proclaimer@hexbear.net 52 points 1 year ago (3 children)

don't westerners ever get tired of reading the same "china's gonna implode" article every day and then it never happens?

[–] ZapataCadabra@hexbear.net 44 points 1 year ago

Nope, Americans are always edging on foreign policy. Iran is always a month away from having nukes, China is always about to collapse, terrorists are always about to attack.

[–] plov_mix@hexbear.net 29 points 1 year ago (1 children)

my conspiracy brain tells me it's not actually aimed at average western readers. During this round of real estate downturn (which started in 2020) there's been some concerted effort both inside and outside china in the business/finance journalism to force the gov to pump out massive amounts of cash and bail out those loser-financiers (perhaps à la USA in oct 2008?). Instead, not only is the gov reluctant to do so, but they've also done the appallingly unthinkable of jailing many CEOs and board members (the gov has also, to my limited understanding of macroeconomics, refused to let those real estate firms declare bankruptcy before they actually finish those construction projects for which people have already paid the deposits and taken on loans). Anyway, there's probably a rather materially cynical reason for all this clamor of "Xi's intentionally letting the economy go bust"

[–] invalidusernamelol@hexbear.net 6 points 1 year ago* (last edited 1 year ago)

Anyway, there's probably a rather materially cynical reason for all this clamor of "Xi's intentionally letting the economy go bust"

Oh yeah, because bailing out the banks in 2008 definitely saved the US economy from bursting.

[–] SaniFlush@hexbear.net 17 points 1 year ago

It’s just noise really.

[–] darkmode@hexbear.net 43 points 1 year ago (1 children)
[–] Tankiedesantski@hexbear.net 23 points 1 year ago

If I were Xi, I'd have a framed wall of these in my office.

[–] VHS@hexbear.net 35 points 1 year ago (1 children)

History has shown that economic privation need not impede China's technological achievement.

Damn, I wonder what their secret is

[–] GrouchyGrouse@hexbear.net 16 points 1 year ago

They just go to Xinjiang and harvest orphans to toss into the Communism Reactor. God told me about it.

![zenz](https://www.hexbear.net/pictrs/image/c7dd906a-88a3-4f14-a5cf-929e8e3d5ba4.png "emoji zenz")

[–] Ram_The_Manparts@hexbear.net 32 points 1 year ago (1 children)

It's joever, China is bidone

[–] Ossay@hexbear.net 20 points 1 year ago (1 children)
[–] GarbageShoot@hexbear.net 6 points 1 year ago (1 children)
[–] Ossay@hexbear.net 4 points 1 year ago

he is che gonevara

[–] viva_la_juche@hexbear.net 27 points 1 year ago
[–] TankieTanuki@hexbear.net 27 points 1 year ago* (last edited 1 year ago)

It's too late, Mr. Xi. I have already depicted you as the negative trend line and myself as the gigachad.

[–] LeninsBeard@hexbear.net 26 points 1 year ago
[–] NephewAlphaBravo@hexbear.net 25 points 1 year ago
[–] GrouchyGrouse@hexbear.net 23 points 1 year ago

Capitalism apologists: "Capitalism brings prosperity! It brings peace."

Capitalism: "oof ow fuck I think I'm crumbling again."

Capitalists: "Let's see if we can use war as a way out of this."

Capitalism apologists: crickets

[–] BlueMagaChud@hexbear.net 23 points 1 year ago

source: Gordon Chang said trust me bro

[–] ComradeCmdrPiggy@hexbear.net 22 points 1 year ago
[–] SpiderFarmer@hexbear.net 21 points 1 year ago

Lately I've been thinking that the US should try and throw two more wars under its belt to destabilize itself enough for all these stepped-on smaller nations might break free from thr yoke of imperialism.

[–] DanComrd@hexbear.net 20 points 1 year ago
[–] FourteenEyes@hexbear.net 17 points 1 year ago
[–] determinism2@hexbear.net 6 points 1 year ago

It just keeps on busting.

[–] Tervell@hexbear.net 3 points 1 year ago