MeisterEckhart wrote on Mar 12
th, 2023 at 11:47am:
thegreatdivide wrote on Mar 12
th, 2023 at 11:34am:
MeisterEckhart wrote on Mar 12
th, 2023 at 10:43am:
thegreatdivide wrote on Mar 12
th, 2023 at 10:37am:
[quote]Seems the CCP has pilfered the people's health insurance so, to deal with it, now that it's out, the CCP has slashed health benefits by half. This has severely impacted all Chinese people not ranked within the CCP and further lowered the, already pitifully low, quality of life for China's massive number of poor and retired.
The narrative from a blind ideologue who is happy to look at the problems in other nations, while disregarding the problems in his own nation.
Don't you refer to the US economy?
Er ...yes, of course. It's dysfunction has global consequences
Quote:The fact is the Chinese economy is on the verge of collapse. Even the Chinese people have woken up to that.
Actually I'm also worried about the present state of the economy in China: there is a battle going on between private sector spruikers with their greedy contempt for
common prosperity on the one hand (which is what we see in the US in spades), and enlightened economists who know that
public investment, not private consumption, is the better way to achieve sustainable, equitable national development
Quote:How could they not? Even public servants (except for those with enough guanxi with CCP seniors) haven't been paid in months
Yes: the (natural) individualistic greed which is actualized by private-sector money allocation, appears to be gaining ascendency over public sector resource allocation in China; SCMP's West-looking commentators are all bleating about Xi's 'common prosperity' driving out private entrepreneurs.
Quote:No money moves anywhere in China without the CCP approving it.
And the problem is: the CCP is increasingly diverted by Western economists into thinking private sector consumption is the way to common prosperity and sustainable development
Quote:Billions have been moved out of the country to support CCP officials in the event of a CCP collapse.
No doubt, now that
common prosperity is increasingly despised by the neuveux riche after the failure of housing, as a 'get rich quick' investment ponzi.
Quote:They have moved all family out so an incoming regime will not be able to force them back into the country.
Yes...terrible that all those who grew rich on Western-type ponzi invertments in China should be forced back to China....
Quote:The people are called 'naked bureaucrats' because, in a worst-case scenario where they cannot leave the country, their money and family will at least be out. Practising the most sincere form of communism with Chinese characteristics.
Obviously wrong: the most sincere form - by definition - of 'socialism with Chinese characteristics', is 'common prosperity', recommitted to by Xi after the
housing as investement failure.
hence Xi said: "houses are for living in"... (not for 'get rich] investment ponzis like we have in Oz)
At least the West is open about its motivations: greed reigns supreme. But the reckoning is approaching, as ordinary punters are beginning to cast a closer eye over the behaviour of central bankers dedicated to serving the one percent, and threatening to take their houses and jobs via rising interest rates.