Chinese economy expected to have slipped into deflation as recovery falters
Chinese economy expected to have slipped into deflation as recovery falters
Some forecasters predict consumer price inflation data due to be released will show prices fell by 0.4% year-on-year in July
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Democracy is always superior to authoritarianism, long term. Regulated capitalism is always superior to state owned and directed business.
Where is this regulated capitalism? Is that when the politicians are financed and then hired by the industries they're supposed to be regulating?
As ever, "authoritarianism" just means when non- white countries elect people that white people don't want them too.
When was Xi Jinping last elected by the people?
March of this year.
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High fives all around!
Lmao gattem
And who elected him? The people of China or his cronies?
The people of China
Source?
Democracy is always superior to authoritarianism, long term.
That's why people's democracies are rapidly developing while western dictatorships of the bourgeoisie are in crisis.
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No, they haven't. China got hit just as hard in the 2008 recession as most western countries, and they've been robbing Peter to pay Paul ever since. Eventually Peter gets his due, and China will suffer a serious economic setback. You're starting to see signs of that now. China right now is Japan in the early 1990s. Everything from the inverted population pyramid to the looming debt crisis points to the next decade being very flat for China, and their wolf warrior diplomacy hasn't made them the kind of friends that could help pull them out of it.
That's not to say that western capitalist markets couldn't stand to be significantly more regulated, because they absolutely desperately need more regulation around safety, negative externalities, and anticompetitive behavior. But claiming that China hasn't experienced recession is preposterous. They're too economically coupled with western economies to not suffer alike as recessions hit.
After the 2008 financial crisis, the Chinese government and state-owned banks pumped something like a trillion dollars into the economy, cushioning the impact of the recession. That was one thing they actually got right.
On the other hand you have Great Chinese Famine, Tiananmen Square massacre and more recently Uyghurs concentration camps and most likely genocide and that's only China.
You mean the Last Chinese Famine? The famine that took place in a country with a multimillennial history of devastating rice famines? The famine that was less bad than other, contemporaneous famines in capitalist countries? The famine that marked the last instance of food insecurity for about half a billion people?
What might have caused that?
Guess we'll never know.
And haven't you got the last update? We're not doing Uyghurs any more, just ask your state-controlled media:
The deradicalisation program was a success and has now finished, and all these guys:
Are now plumbers or electricians (or doing lucrative speaking tours through US """"intelligence"""" circles)
Shame about all those horrible crimes that were comitted by the Chinese government though:
Good thing there have never been famines, political violence, or persecution of minorities in "democratic" countries...
The whole thing is bullshit. The famine was sixty years and like four major government upheavals ago. Tianmenen square is the most overhyped government repression in history, and it's never mentioned that many of the casualties were unarmed PLA soldiers burned alive, and the insurgents that attacked them when armed PLA units were able to respond. And of course while there were human rights violations in Xinjiang, they are absolutely not the human rights violations people think they were, and the whole thing was part of a campaign to suppress insurgent groups and needs to be compared to the West's "bomb weddings and ambulances" strategy, to say nothing of the genocidal campaign in Yemen that recently concluded. It's all ignorance, totally unselfconscious indoctrination, and general bs.
Yes, I too subscribe to popular fiction.
https://en.wikipedia.org/wiki/1989_Tiananmen_Square_protests_and_massacre#Death_toll - I would like to point out that as much as they try to obfuscate it even the wiki admits that ~300 is the only credible number, and most of that was street fighting when insurgents attacked PLA troops with molotovs and firearms, with the death toll including unarmed PLA troops burned alive in their trucks
I know literacy is a lot to ask of anyone these days but you can in fact just read the UN report here - https://www.ohchr.org/en/documents/country-reports/ohchr-assessment-human-rights-concerns-xinjiang-uyghur-autonomous-region
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Muray Rothbard called but it's just incoherent screaming because he's in hell for the sin of ideology.
Marx disagrees with you.
The Soviet Union does not. State capitalism is not good for the people.