Also he is a libertarian
Econ profs are absolutely blinded by ideology. Everything will plateau at some point of course, but how could you possibly think China will reach it’s growth ceiling in just a few years. They are just hooked on that sweet sweet :cope: and can’t accept that socialism out preforms capitalism under capitalism’s own guidelines for success
Then China started filling them and everyone just wiped that criticism from existence like they never said it. Gotta keep our enemy looking as incompetent as a Saturday morning cartoon villain
turns out those empty cities were a really good idea once china’s urbanization boom really took off. Now there’s already houses and everything for those people where the jobs are. In socialist america we really should do something similar to handle the climate refugees, get them housed and working immediately to prepare for the next wave of migrants.
China is socialist only to the extent that it’s state capitalist economy is in a ‘Transitional’ state, that’s where the debate actually lays, and the transitionalists can point to China’s radical violations of global capitalist conventions and consensus as proof of this long term “shift” toward DotP
Of course the debate is hardly settled, but what “educated economist” would look at China’s developmental strategy of regional experimental state control on the level of municipalities and conclude “yeah these folks hate economic planning and government ownership”
I know there is a struggle session abt whether they are a DotP or not, so Im going to ignore that to avoid getting banned for sectarianism.
You’re gonna ignore that but the rest of your comment is literally about that lmao.
Even in his cope scenario China is at the top
“Alright, so, the absolute MOMENT that we no longer have recorded data to use for this graph, my team will start winning, and the guys I don’t like start losing. But you commies wouldn’t know anything about basic economics like that, heh.”
He’s even using old data lol, this graph stops in 2008 and everything after is just projection
We even have data from 2018 that immediately contradicts this graph (from a website called “visual capitalist” so not commie propaganda)
When even the free marketeers can’t massage the data enough they just blindly claim that China’s economy will slow down because it has to lol.
the instructor started on some bullshit about how China was going to overtake the US in a decade, but with COVID it’s going to be like 5 years now
They’re not wrong.
It’s just China vs US demographic curves. China is going to shrink a bit in the mid 2030s and the US will grow during that period off current projections. What happens in reality is anyone’s guess. China isn’t as stable as people generally think of it as here, it could actually open up immigration, some new tech skews global power on a wild course and the US could just implode. 2030 is a long ways away still.
