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Meanwhile, China’s authoritarian system means Mr. Xi probably can ride out whatever political or social pain might result from higher unemployment or slower economic growth in a trade war.
the country that has never had a recession must be relying on widespread repression to keep their immensely popular government in power huh you ignorant cracker
"aUtHoRiTaRiAn" is once again an empty, thought-terminating word with no meaning beyond "a use of power I disagree with". love it when wealthy WSJ editorial board members who were cheering on murderous cops in summer 2020 tell you what's an abuse of power
If you fill in the word "democratic" in there, you realize that the sentence suddenly doesn't justify itself anymore.
Why can President Xi ride out the consequences of "higher unemployment or slower economic growth in a trade war"?
Are social protections good enough that being unemployed isn't as big of a problem as in the US? Is slower economic growth not really a concern to ordinary citizens, especially when you're already the world's number one economy?
No, it's because China bad.
If what were getting is democracy, then I'll have what Xi is having.
Meanwhile, America's aUtHoRiTaRiAn system means [the bourgeois dictatorship] probably can ride out whatever political or social pain might result from higher unemployment or slower economic growth in a trade war.
in America you can change the political party, but you can’t change the policies. In China you cannot change the party, but you can change policies
Li: At the moment, the Chinese the party state has proven an extraordinary ability to change. I mean, I make the joke: “in America you can change the political party, but you can’t change the policies. In China you cannot change the party, but you can change policies.” So, in the past 66 years, China has been run by one single party. Yet the political changes that have taken place in China in these past 66 years have been wider, and broader, and greater than probably any other major country in modern memory.
Pilger: So in that time China ceased to be communist. Is that what you’re saying?
Li: Well, China is a market economy, and it’s a vibrant market economy. But it is not a capitalist country. Here’s why: there’s no way a group of billionaires could control the Politburo as billionaires control American policy-making. So in China you have a vibrant market economy, but capital does not rise above political authority. Capital does not have enshrined rights. In America, capital — the interests of capital and capital itself — has risen above the American nation. The political authority cannot check the power of capital. That’s why America is a capitalist country, and China is not.
the country that has never had a recession
Weren't they heavily affected by the 1997 Asian financial crisis? Or am I remembering that wrong?
from what I remember China escaped the worst of that. I think they had one quarter of contraction
Oh ok, I thought they also got hit pretty hard. But that probably explains why it is the "Asian" financial crisis. If China was hit hard, the western press would've tried to pin the whole thing on them and call it the "Chinese financial crisis."
Do nothing, win
Xi please send the nukes
Due to import tariffs, im afraid the nukes are NOT coming