• gnuhaut@lemmy.ml
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    1 year ago

    Yeah yeah, I’ve heard that before. There’s a whole cottage industry of “experts” that have predicted the imminent collapse of China going back decades. Call me when it actually happens.

    • ImplyingImplications@lemmy.ca
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      1 year ago

      China’s economy is stacked like a house of cards and could come crumbling down due to some unforeseen global financial shock, but then again that sounds like most modern economies. I think people just pick on China because, instead of having a group of billionaires stack up the cards, the government does it themselves.

      • mommykink@lemmy.world
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        1 year ago

        You just described the US, UK, and much of the western world entirely. The global economy is just a bunch of "IOU"s

        • AggressivelyPassive@feddit.de
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          1 year ago

          China is a bit different in that regard, though.

          Since apartments are pretty much the only investment for private savings, there’s a huge percentage of the GDP tied to construction. This bubble is not quite bursting, but rapidly deflating, leaving many regular people practically without savings.

          Other countries have inflated real estate markets as well, but their markets simply are not that large in comparison (percentage of GDP).

  • maynarkh@feddit.nl
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    1 year ago

    I don’t know about China, but Biden is really throwing stones from glass houses here as the leader of a country which is teetering on the edge of civil war, had a full blown insurrection in the past few years, and not only has it failed to prosecute the leader and instigator, it has allowed him to run for election again and there is a possibility of him being elected.

    And this is not mentioning that so many in the highest offices “on both sides” are so hilariously corrupt in a country with its national ethos being “the land of the free”.

    I’m not happy about this by the way, I don’t think a world order built by China would be better than the shitty one we got from the US.

  • Fontasia@feddit.nl
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    1 year ago

    I love Ground News as a concept, but I always feel suss using anything which is promoted in sponsorship deal by YouTubers.

    Is there anything I should know about them as an organisation? I feel by design if they were to have biases or open to manipulation that it would be really obvious…

  • Rapidcreek@reddthat.com
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    1 year ago

    More than a fifth of Chinese age 16 to 24 are out of work.

    Spain and other southern EU countries have experienced this, and even higher unemployment rates in the past, but with China’s rather large population, we’re about 30 million young people in a country with few safety nets.

    China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, providing evidence of a fading recovery.

    So what is Xi going to do when these 30 million hit the streets to demonstrate? Draft them and attack Taiwan?

    • psilocybin@discuss.tchncs.de
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      1 year ago

      The post itself is dumb, so I wouldn’t complain about dumb comments

      Tbh, I find the hexbears quite refreshing👌

    • Fontasia@feddit.nl
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      1 year ago

      I had a look cause you made me curious… It’s just hippies. “Disassociating from the system will destroy it” “I’m sick of furry porn re-enforcing capitalist ideals” “The only reason you’re not a Marxist is that you didn’t really ‘listen’ when you were in college. Wait is Marxism the bad one?”

  • Gnubyte@lemdit.com
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    1 year ago

    Its far more weird how many people pick one of these countries like its a RPG faction. Can we all agree most of these countries do some totally evil things as far as governments go? Who gives a fuck how much debt they’re in, they’re all just printing their monopoly dollars anyways and we’re stuck with the inflation. Its like people like to masterbate to their favorite team via internet comments.

      • Cethin@lemmy.zip
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        1 year ago

        I haven’t heard about that but I doubt it. Deflation is horrible. It stops economies from functioning. Your money will be worth more the longer you wait to spend it, so you don’t spend it until you need to. No government is going to let deflation happen without something going horribly wrong, which it might be, idk.

        Edit: apparently the consumer sector experienced deflation. I believe that means it shrank, not the value of money increased over time, which is what is implied by inflation/deflation without other context. I could be wrong though. Either way, it doesn’t look great.

  • gowan@reddthat.com
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    1 year ago

    What is this dumpster fire of a source? How do they determine bias and what qualifications do they have to do so? Their own about page describes none of these things. It smacks of techbros who think they can remove bias with algorithms.

    • stealth_cookies@lemmy.ca
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      1 year ago

      Ground News isn’t a source per se. They provide links to various news sources so you can see different viewpoints on the same story. They try to align the sources left and right and indicate their factuality but that is just meant to be a guide to allow you to challenge your viewpoints or determine factuality and to make it clear what the ownership structure might be guiding them to write.

      I’ve been a paying subscriber for 4 or 5 months after finding them and find it quite reasonable and interesting.

    • psilocybin@discuss.tchncs.de
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      1 year ago

      Dude, on lemmy consent is just not as heavily manufactured by capital interest as on other platforms.

      Its the absence of bots you’re experincing and possibly some withdrawal symptoms.

      All good we’re here for you, one doesn’t get off of propaganda easily

    • 🇵🇸 Free Palestine 🇵🇸@lemmy.mlOP
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      1 year ago

      Hey everyone! This guy is right tho! I can confirm, I’m a ccp bot. You see my maintainers been running low on social credits for some months now. need to earn some yk?

    • zephyreks@lemmy.ca
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      1 year ago

      Is everyone who disagrees with you a bot with an army of bots?

      Get over yourself. Lemmy is neither large enough nor significant enough to attract that kind of attention. Is it that hard to believe that there are different people with different beliefs?

      You’re the reason democracies in North America are becoming increasingly polarized and radical in their beliefs.

      • Lemminary@lemmy.ml
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        1 year ago

        Lemmy is neither large enough nor significant enough to attract that kind of attention.

        Never underestimate the power of information influence in social circles.