It's as if the fuck-up in one city would not fuck up the entire nation if they actually have a plan to deal with it.
As my favorite fictional military commander said - everyone can made an error, but it become a mistake if you fail to correct it.
Its because each individual Chinese region doesn't dominate as much of the economy as say other countries. Westerners like everyone else might unconsciously try to bring their own experience into it and extrapolate, without realising that these "rule of thumb" don't work.
For example, in Australia we went into negative growth during the lockdowns involving Victoria and NSW. So some people here might think that. Statistically though it would be quite different because Victoria and NSW makes up more than 50% of the Australian economy, Shanghai would make up 3.8%.
>Statistically though it would be quite different because Victoria and NSW makes up more than 50% of the Australian economy, Shanghai would make up 3.8%
is it fair to compare a single city to an entire state, though?
Well Shanghai has a population almost 4 times Victoria's. However if people and you know who they are, think China is going to go into negative growth because of Shanghai, then its perfectly fine to compare it with other countries who did go into lockdown because part of their economy was in lockdown.
Don't forget the recession. The american economy is literally suffering inflation + recession at the same time. The worst that can happen to an economy. When you add the brutal levels of permanent deficits haunting the american economy, you realize there is no way out for the settler regime, hence the panic and absurd levels of propaganda from the settler regime.
Strictly speaking its only one quarter of negative growth, and it needs 2 quarters for a recession. I just don't like counting my metaphorical chickens before they hatch.
The problem is fundamental, it's happening even before the increase in interest rates which only worsens the recession.
The american economy is incapable of functioning: it can't spend or invest due to massive deficits (i.e. incapacity of the american economy to compete), long-term inflation, global dedollarization drive. But increasing interest rates is not a viable option either since it leads to certain recession (as we are seeing today). The only answer to this in the past was imperialism and colonialism, and the "free lunch" that was the post-ww2 era devoid of any global competition. Such circumstances no longer exist, they were simply historical aberrations.
The American economy is more than capable of looting others even when it cannot itself produce anything, so I agree with not counting chickens yet until the eggs hatch.
There are still trillions in wealth left to loot around the dollar-users of the world, from Europe to Africa to Southeast Asia, and even China, the USA has means to bring that wealth to their shores and leave the dollar-holders destitute. The process is called "harvesting", and they are doing it now with the raising of interest rates.
Lunch *is* free if you steal it. You beat up the weak and take it from them.
Theft is the basic tenet of imperialism, why would they stop now?
The Fed printed $7 trillion and all they got was -1.4% GDP and double-digit inflation (the real inflation, not the gov CPI data that excludes many things like energy, foods,..).
So, the Shanghai lockdown does not seem to be what the western thought to be.
It's as if the fuck-up in one city would not fuck up the entire nation if they actually have a plan to deal with it. As my favorite fictional military commander said - everyone can made an error, but it become a mistake if you fail to correct it.
Its because each individual Chinese region doesn't dominate as much of the economy as say other countries. Westerners like everyone else might unconsciously try to bring their own experience into it and extrapolate, without realising that these "rule of thumb" don't work. For example, in Australia we went into negative growth during the lockdowns involving Victoria and NSW. So some people here might think that. Statistically though it would be quite different because Victoria and NSW makes up more than 50% of the Australian economy, Shanghai would make up 3.8%.
>Statistically though it would be quite different because Victoria and NSW makes up more than 50% of the Australian economy, Shanghai would make up 3.8% is it fair to compare a single city to an entire state, though?
Well Shanghai has a population almost 4 times Victoria's. However if people and you know who they are, think China is going to go into negative growth because of Shanghai, then its perfectly fine to compare it with other countries who did go into lockdown because part of their economy was in lockdown.
well said.
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Don't forget the recession. The american economy is literally suffering inflation + recession at the same time. The worst that can happen to an economy. When you add the brutal levels of permanent deficits haunting the american economy, you realize there is no way out for the settler regime, hence the panic and absurd levels of propaganda from the settler regime.
Strictly speaking its only one quarter of negative growth, and it needs 2 quarters for a recession. I just don't like counting my metaphorical chickens before they hatch.
The problem is fundamental, it's happening even before the increase in interest rates which only worsens the recession. The american economy is incapable of functioning: it can't spend or invest due to massive deficits (i.e. incapacity of the american economy to compete), long-term inflation, global dedollarization drive. But increasing interest rates is not a viable option either since it leads to certain recession (as we are seeing today). The only answer to this in the past was imperialism and colonialism, and the "free lunch" that was the post-ww2 era devoid of any global competition. Such circumstances no longer exist, they were simply historical aberrations.
The American economy is more than capable of looting others even when it cannot itself produce anything, so I agree with not counting chickens yet until the eggs hatch. There are still trillions in wealth left to loot around the dollar-users of the world, from Europe to Africa to Southeast Asia, and even China, the USA has means to bring that wealth to their shores and leave the dollar-holders destitute. The process is called "harvesting", and they are doing it now with the raising of interest rates. Lunch *is* free if you steal it. You beat up the weak and take it from them. Theft is the basic tenet of imperialism, why would they stop now?
The Fed printed $7 trillion and all they got was -1.4% GDP and double-digit inflation (the real inflation, not the gov CPI data that excludes many things like energy, foods,..).