In an economy as tightly controlled as China, how much does deflation even matter?
Also I wonder how everywhere else having inflation will interact with this. Is China just getting affected because the rest of the world can’t afford basic necessities anymore? The article kinda touches on reduced demand from countries with inflation abroad causing this, but also doesn’t really explain anything other than going “lower number is uh bad”
China has built out enough infrastructure where it really needs consumer demand to take over as a major economic engine.
Nah, that is liberalism. https://thenextrecession.wordpress.com/2023/08/02/china-consumption-or-investment/
Democracy is always superior to authoritarianism, long term. Regulated capitalism is always superior to state owned and directed business.
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.
And who elected him? The people of China or his cronies?
The people of China
Source?
High fives all around!
Lmao gattem
Guess which political economic form can handle price deflation gracefully (hint, it’s not capitalism)
Ah yes, China, the city on a hill of Socialism where striking FOXCONN workers are beaten by cops.
LOL, imagine a socialist country where workers needed to organize to create adversarial relationships with other workers. Shake that liberalism from your brain. Unions are an organizational form against capitalists, a protorevolutionary form that wins through threat of harm to the state. No socialist country needs to have unions, because a socialist country is one in which the state is organized in accordance with the long-term interests of the workers as a class.
k, I will tell that to those FOXCONN workers that their system is perfect. I’m sure they will love that.
Cool, let them know that you know what’s best for them and that they should organize themselves in a protorevolutionary formation and threaten to withhold their labor from society. You know best!
I think they would know what is best for themselves considering all those strikes they were doing.
And unionizing wasn’t it
