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- cross-posted to:
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What a wonderful video, the incredulity of the host the calm of the guy being interviewed, and the takeaway message we fucked up betting against what China warned us they were going to do.
The fact that China literally publishes five year plans saying exactly what they intend to do while the west acts as if China is inscrutable will never stop being hilarious.
They can’t process that a long term plan is not a lie to calm the population until they forget about it and you propose increasingly less good long term plans, and are actually the plan the government is implementating
It’s what happens when you start guzzling your own propaganda kool-aid. Western leadership convinced itself that China is a Potemkin village.
Let them loose their imaginations. The more detached they are from reality, the faster and more comedic their downfall.
Absolutely, there is basically no chance of the west being able to mount a coherent response to China’s rise when they don’t even have the basic understanding of how China works. Meanwhile, China understands west quite well and that’s what allows China to run circles around western policy.
white people can’t read
fun fact Real literacy rates are so low in the United States, that officaly they now count anyone who graduates High School as 100% literate, …
Fun fact 2 Real Literacy rates in the US are below 50% is the last data I saw
Western company managers can see forward about 6 months. I see it everyday on the coal face.
It’s cause western companies are optimized to maximize quarterly profits for the shareholders. This basically precludes doing any long term planning or investment.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they’ll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.
YouTube comment microcosm
What would you like to bet this person does not, in fact, have five houses and is just coping?
It’s a sarcastic anti-USA comment
I think you’re right but it’s hard to judge sometimes.
Poe and his brilliant law
Youtube’s censors can’t read sarcasm. If they posted this straight it 100% would have been shadowed.
Crackers finding out that China isn’t capitalist is my new favourite genre of YouTube
haha same
I found way too much of a rabbit hole, and had way too much fun with this
“B-B-BUT don’t you need the stock market to… so people can be… aspirational, to feel like they can get richer… to increase consumer confidence??”I will be honest the Stock market has never been asperational to me, it has only been a reminder to me of the distopia we live in. but I mean it could be me, any other comrade want to chime in and say if they feel inspired by the sock market
I sure feel inspired by it. Inspired to [redacted] this dumbass system and its profiteers
i love how even in this pitch he just says people have to have the vibes of being able to get richer.
not actual prosperity, just the vibes of it. necessary for social stability. because actually running the economy to benefit the people just doesnt occur to him.
It doesn’t need to need exponential
Erm…
Chinese real estate and equity markets are faring bad but the economy’s doing well. Western heads are exploding in real time since this is supposed to be impossible. It’s been a real joy to watch tbh.
Watching Chinese petite bourgeoisie cry over the Shanghai Stock Exchange has been a pleasure as well.
That’s because real estate markets do well when housing prices are high which is the exact opposite of what you should have in an economy that serves the people.
What script? West does not dictate it.
This comment is so perfectly unaware of everything
Do they really care about international investors?
My man, they do not gaf.
Coming from the west, where the stock market is so tied up with consumer confidence…
Consumers don’t gaf about the stock market, either. They can either afford the goods or they can’t and right now we’re in the ‘can’t afford’ territory, which is why the US is cannibalising Europe. This is what happens when half your population are millionaires and the other half are dirt poor.
He’s talking to the millionaire half, who aren’t consumers but consumer-investors who shit themselves when the economy tanks because (1) their pension plans fall apart and (2) they hope to sell their spare property at an inflated price to somebody silly enough to borrow so much money from a bank.
It’s not just cope. All this talk is to calm those viewers. Letting them know that whatever China does, the US will continue to let people gamble on an inherently unstable stock market. It’s bizarre to me that people want that, but again the show is talking to the 150 million yanks who think they’re blessed and peak intelligence because they got lucky. Maybe a bit of white supremacy, too.
And it’s to warn investors off China. They want the general audience not to invest in China. For two reasons, at least. One, to increase competition at home. They’re fully hyped on supply, demand, and hollow neoliberal finance ventures. So they likely think that increasing demand for US stocks will fix the US economy. And two, as the percentage of private investment in China shrinks, they don’t want the ordinary 401k getting their cut before BlackRock and Vanguard et al.
These ghouls don’t gaf about logic, though. There’s that, too. They’re propagandists. The funniest part is that they probably believe that they will also hurt China by doing this. It’s part of the new cold war, led and encouraged by the high priests of capital.
That’s where the cope lies. The brainworms have licked their brains so smooth and shiny that they can’t see that every move against China is double-edged. Nudging investors to divest from China in favour of Western stocks is going to be funny af when the west loses the capacity to be bailed out from crises. It could be the next one or the one after. Maybe capitalism has three or four good crises left.
But when it finally hits, when Russia has helped one state too many to cut ties with the west, and when China refuses to bail them out or they can’t otherwise leverage or shift the burden to a neocolony? Game over. Well, they’ll have one life left, so to speak, which is maybe when we have to worry about the birth of the fifth Reich.
Edit: to be fair, the guy being interviewed is somewhat grounded in reality.
hilarious, great content
My sides are hurting from watching this, and the rabbit hole I have found.
https://www.youtube.com/watch?v=3lAd2JTE2bc This one from bloomberg is just as funny to watch, they are more subdued, but I mean still, watch the cope
Hahaha.
To summarise. China is prioritising stability. What is it thinking? Don’t it know that stability is unstable?
For people who don’t accept the law of contradiction, libs sure love contradictions.
Did the Chinese government didn’t want their citizen to be unnecessarily in debt (or making their children shoulders the debt of their parents)? Or did you meant something else 💀 man, economic is harder to understand than biology
one of the funniest comments i have read on youtube in a long time
yeah sure bro, economics is harder than biology. keep deluding your self i guess
Liberal economics maybe. I too can make up nonsense, completely detached from reality and claim that my nonsense is more difficult to reason about than astrophysics. To that commenter, it’s not the flex you think it is.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:
