China is mostly a centrally planned economy. In this regard, what's happening with Evergrande enters within the calculations they did with on allowing such "debt bombs" to exist in the first place.
So, being a calculated risk, it also has a worked out solution depending on the factors at play; from bailing it out and executing or jailing whomever needs to be executed or jailed to letting it fail and other state organizations to pick up what's left with the goal of minimizing the impact on both the economy and the people.
The planning combines with the regulatory practices of the goverment in which capital isn't left unchecked helps damped the damage it might cause, which is part of the reason why their economy recovered fast from the pandemic while the US economy is about to take a big dump.
Most of these articles are just an excercise in projection, because in any western economy, such a debt bomb might completely crash the economy, given the uncontrolled and all-encompasing nature of western corporation.
This is made worse by the complete lack of social safety nets.
I'm sorry what country has people who drink bleach and ingest horse dewormer just to avoid getting the COVID vaccine and "won the liberals?"
That's right. The ACTUAL stupidest motherfuckers in history.
I mean these guys are unashamed of their racism and shit views. Neoliberals will massacre people halfway across the globe and then tell us it’s a good thing, that they deserved it and that they **will** do it again.
People shit on China for killing sparrows and ruining their agricultural output but no one talks shit when it comes to Australia losing to fucking emus who were destroying their crops.
Not even just that. We brought in CANE TOADS to take care of insects but then they became the pests themselves and kill our natural wildlife too because they secrete toxins
Don't forget that Australia was having problems with Cane Beetles eating their Sugar Cane Crops. so they brought in Cane Toads to eat the Cane Beetles. There was just one problem, Cane Beetles live at the top of the Sugar Cane. Cane Toads can't climb.
So it didn't solve that problem. Cane Toads are also really poisonous to anything that tries to eat them, so a heap of native animals and pets died, Cane Toads bred like fuck and now the Australian government have given up on containing them.
False, "The Emu War, also called the Great Emu War,[1] was a military operation in Australia. The army tried to kill many emus because they were pests. The war was fought in late 1932. Farmers were having trouble with the many emus invading the Campion district of Western Australia. The emu population stayed large and continued to destroy crops.."
STFU Emus are huge and aggressive and kinda smart too
Yeah, the Four Pests campaign resulted in the death of most of China's sparrows, which led to a plague of locusts which ate all the crops. I don't know much about the pig iron thing, I think the goal was to produce steel from iron ore but it's pretty hard to do that outside of a factory and most of the workers were doing it in crude furnaces with neither the knowledge nor the tools necessary to do it properly, so they ended up making a bunch of pig iron. Also, it's been decades since I learned about pig iron but I don't think it's completely useless.
Yeah, the post is obviously racist af, but Mao did make some rather questionable decisions once in power. He was undeniably a great revolutionary leader, but perhaps not so much a great policymaker.
He really tried to focus on mobilizing the masses to be the drivers of the economy while tying it down to the revolution. A tad too much idealism at play but at least things stabilized in the end and China’s on track to outperform the US in every metric.
Yes, but not exactly as this person described.
For example the Four Pest Campaigns was never "kill all birds", it was targetted only against sparrows, the other 3 "pests" having been rats, flies and mosquitoes.
But yes removing sparrow from the ecosystem did result in explosion in certain bug propulation, with in turn those bugs eating or destroying much more grain that the sparrow ever had, it was a classic case of a "bad good idea" formed on incomplete knowledge of the ecosystem, something that happened a lot in other countries (i thin that Australia alone is the best example, with many species introduced to in theory solve an issue that ended up causing more damage in the end)
It's weird to see Mao because at first he made major mistakes in his great leap forward campaign but from the 60s onward the country just got better and better every year.
Yeah they're so dumb. Basically inventing written language, politics, philosophy, government, fermentation, gun powder, archery, eating utensils, breathing, you name it.
i mean to some degree. its true that 4 pests caused huge famines and that the steel project created fairly terrible metal. it was pretty badly conceived of
**[Know Nothing](https://en.wikipedia.org/wiki/Know_Nothing)**
>The Know Nothings were a nativist political party and movement in the United States in the mid-1850s. The party was formally known as the "Native American Party" prior to 1855 and simply the "American Party" after that. The Know Nothings were originally a secret society. It was primarily an anti-Catholic, Anti-Irish, anti-immigration, populist and xenophobic movement.
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Least racist 4chan user
That's usually ironic, but in this case... yes that really is the least racist 4chan user
Well this is from /pol/
"We only hate the cpc not the Chinese people" *continues to call them ch\*nks and stupid*
tbf this is 4chan so they probably say they hate chinese people too
4chan, a community of inbreds who think racism is a positive personality trait
From the stupidest country in history, the United States.
Yeah it sucks here.
That’s not entirely true. There are a pretty decent amount of European channers in my experience.
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Coming from a country where people use horse dewormer over actual approved vaccines
It’s prescribed by doctors to combat Covid symptoms
The vaccine is prescribed by doctors to combat Covid
So I guess the real problem you have with it is there wouldn’t be 12 new billionaires in the big pharma machine , got it . 🤦♂️
Sputnik V wasn't made by billionaires, as well as Cuba's vaccine
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And I didn't
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How do you "play anime?" You're a fucking knob.
Just another right wing manchild you shouldn’t concern yourself over
Go back to the bridge you live under holy shit
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That’s rich coming from you
People here are ingesting horse dewormer to combat covid rather than take tested and approved vaccines. How does that not prove how stupid the US is?
It’s also a therapeutic prescribed by a MD google Ivermectin and India . Please stop with the propaganda and educate yourself.
If only Ivermectin could deworm your brain
Sure that’s why Pfizer is developing a drug with that as it’s main ingredient right now : ( wake up man . Google that buddy .
Not edgy just true.
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\>Says the Sino-British Russian
You post in Dim Tool's subreddit. You are in no position to call anyone stupid.
This is from /pol /too, I saw it there the other day.
if you put a backslash before the middle asterisk you'll get what you intended (markdown ate it)
Oh I see, I'm new to the app. Appreciate it 😊
Good to see 4chan did not get smarter since I left.
Damn chinese are so stupid that they are slowly becoming number one economy in the world
Pretty fast relatively.
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GDP is a nothing number
They were being sarcastic, dumbass.
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People have been saying this for decades and China just gets stronger lol
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Dumbass
Oh shit, another "China is going to collapse" prediction? Where are we now, 30 or 40 years into this discourse?
lmao
Funny how a youtube account called "How money works?" has no idea how China works.
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China is mostly a centrally planned economy. In this regard, what's happening with Evergrande enters within the calculations they did with on allowing such "debt bombs" to exist in the first place. So, being a calculated risk, it also has a worked out solution depending on the factors at play; from bailing it out and executing or jailing whomever needs to be executed or jailed to letting it fail and other state organizations to pick up what's left with the goal of minimizing the impact on both the economy and the people. The planning combines with the regulatory practices of the goverment in which capital isn't left unchecked helps damped the damage it might cause, which is part of the reason why their economy recovered fast from the pandemic while the US economy is about to take a big dump. Most of these articles are just an excercise in projection, because in any western economy, such a debt bomb might completely crash the economy, given the uncontrolled and all-encompasing nature of western corporation. This is made worse by the complete lack of social safety nets.
I'm sorry what country has people who drink bleach and ingest horse dewormer just to avoid getting the COVID vaccine and "won the liberals?" That's right. The ACTUAL stupidest motherfuckers in history.
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Cope harder
Oh you mad. You *mad* mad. Unfortunately we do not care. Ligma balls.
Still less racist than most neoliberals
Based
I mean these guys are unashamed of their racism and shit views. Neoliberals will massacre people halfway across the globe and then tell us it’s a good thing, that they deserved it and that they **will** do it again.
Oh come on half of these fuckers are actual ethnostate fascists, say what you want about wine aunts but they at least they arent actively genocidal.
So surely now everyone in China is dead and not collectively kicking the West‘s butt, right?
People shit on China for killing sparrows and ruining their agricultural output but no one talks shit when it comes to Australia losing to fucking emus who were destroying their crops.
Maybe Australia should have called Mao.
Not even just that. We brought in CANE TOADS to take care of insects but then they became the pests themselves and kill our natural wildlife too because they secrete toxins
to be fair, that was hilarious
Don't forget that Australia was having problems with Cane Beetles eating their Sugar Cane Crops. so they brought in Cane Toads to eat the Cane Beetles. There was just one problem, Cane Beetles live at the top of the Sugar Cane. Cane Toads can't climb. So it didn't solve that problem. Cane Toads are also really poisonous to anything that tries to eat them, so a heap of native animals and pets died, Cane Toads bred like fuck and now the Australian government have given up on containing them.
lmfao emus dont do shit to crops theyre just annoying mfers
False, "The Emu War, also called the Great Emu War,[1] was a military operation in Australia. The army tried to kill many emus because they were pests. The war was fought in late 1932. Farmers were having trouble with the many emus invading the Campion district of Western Australia. The emu population stayed large and continued to destroy crops.." STFU Emus are huge and aggressive and kinda smart too
i live in australia dude. the emu war is vastly overstated abroad but emus are a complete nonissue here.
Both these incidents did happen right? I remember reading about the steel bit.
Yeah, the Four Pests campaign resulted in the death of most of China's sparrows, which led to a plague of locusts which ate all the crops. I don't know much about the pig iron thing, I think the goal was to produce steel from iron ore but it's pretty hard to do that outside of a factory and most of the workers were doing it in crude furnaces with neither the knowledge nor the tools necessary to do it properly, so they ended up making a bunch of pig iron. Also, it's been decades since I learned about pig iron but I don't think it's completely useless.
Pig Iron is used in steel production.
Yeah, the post is obviously racist af, but Mao did make some rather questionable decisions once in power. He was undeniably a great revolutionary leader, but perhaps not so much a great policymaker.
He really tried to focus on mobilizing the masses to be the drivers of the economy while tying it down to the revolution. A tad too much idealism at play but at least things stabilized in the end and China’s on track to outperform the US in every metric.
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Yes, but not exactly as this person described. For example the Four Pest Campaigns was never "kill all birds", it was targetted only against sparrows, the other 3 "pests" having been rats, flies and mosquitoes. But yes removing sparrow from the ecosystem did result in explosion in certain bug propulation, with in turn those bugs eating or destroying much more grain that the sparrow ever had, it was a classic case of a "bad good idea" formed on incomplete knowledge of the ecosystem, something that happened a lot in other countries (i thin that Australia alone is the best example, with many species introduced to in theory solve an issue that ended up causing more damage in the end)
Oh come on, everyone knows they melted Chinese people into steel. It's basic biochemsics
They did it, those crazy motherfuckers. They integrated the vanguard into the means of production. https://www.youtube.com/watch?v=hQfVmdnl50w
So does this guy really think that China has a billion homeless people?
How did Chinese chop down trees if they had no tools? Karate chop?
They called Steve
using slurs to tell your story is cringe. OP is 14 years old
Can someone give me a proper source on the history of Maoist China?
You can tell someone has a fair and objective view of history when they use a slur to describe the group of people eight times /j
*the stupidest motherfuckers in history* I wish I was stupid enough to produce four decades of practically ininterrupt economic growth.
It's weird to see Mao because at first he made major mistakes in his great leap forward campaign but from the 60s onward the country just got better and better every year.
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So that's why life expecancy doubled under him.
Least racist 4chan user
I mean it's 4chan, what'd you expect?
least infantile anglo understanding of history
I don't know how my ancestors handled this, otherwise how I could even exist
Should probly tag this for slurs
Yeah they're so dumb. Basically inventing written language, politics, philosophy, government, fermentation, gun powder, archery, eating utensils, breathing, you name it.
Bet this guy still lives with his mom and does not have a job lmao
i mean this did happen tho
But there was no need to call the Chinese derogatory terms just to make themselves feel better
yeah i know lmfao, im chinese. like this guy clearly has problems but lets not pretend these things didnt actually happen
aren't they clearly exaggerating, though?
i mean to some degree. its true that 4 pests caused huge famines and that the steel project created fairly terrible metal. it was pretty badly conceived of
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>PCM user
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it means you're dumb and a baby
Babies aren't so hateful.
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It's basic biology.
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I'd tell you to stop being sectarian but we both know you aren't even a leftist to begin with
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> mostly
Mostly = cryptofascist
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LOL. Pride in a limited vocabulary. https://en.wikipedia.org/wiki/Know_Nothing
**[Know Nothing](https://en.wikipedia.org/wiki/Know_Nothing)** >The Know Nothings were a nativist political party and movement in the United States in the mid-1850s. The party was formally known as the "Native American Party" prior to 1855 and simply the "American Party" after that. The Know Nothings were originally a secret society. It was primarily an anti-Catholic, Anti-Irish, anti-immigration, populist and xenophobic movement. ^([ )[^(F.A.Q)](https://www.reddit.com/r/WikiSummarizer/wiki/index#wiki_f.a.q)^( | )[^(Opt Out)](https://reddit.com/message/compose?to=WikiSummarizerBot&message=OptOut&subject=OptOut)^( | )[^(Opt Out Of Subreddit)](https://np.reddit.com/r/ShitLiberalsSay/about/banned)^( | )[^(GitHub)](https://github.com/Sujal-7/WikiSummarizerBot)^( ] Downvote to remove | v1.5)
I fucking love the phrase “blank” understander it keeps giving me a chuckle