The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled todayMalevin87 t1_jaaav9j wrote
Reply to comment by CreepingFog in The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog
In the past China is weak. Now China is extremely strong and wealthy to challenge US in infrastructure and tech. China may still be behind US in tech, but they are ahead in infrastructure. America have been complacent for far too long as a world power and have to accept that the world have 3 world powers now. US, China and South East Asia countries combined.
Washout22 t1_jaafivm wrote
China is not as strong as many think.
Their demographics are terrible, and they have a huge debt and currency problem while the usd is getting stronger.
Bad for all other currencies.
Malevin87 t1_jaam9x6 wrote
Its just that America is not as strong as many Americans think they are. In fact in Asia, many would rather welcome Chinese than Americans as Americans no longer have the wealth. They also rather choose Chinese companies to build infrastructure for them. Not because its cheap, but its quality as well. America have nothing to show for except military. This is why their common folks are suffering.
RedditsFullofShit t1_jaangzf wrote
Common folks have always suffered everywhere.
It’s not like 50 years ago there wasn’t poverty in the US. The poverty has always been there. And in capitalism there will always be those who suffer.
The US is so advanced in warfare that economics don’t really matter. If it really came down to it the US would go to war and win.
Washout22 t1_jaao9ro wrote
North America has plenty of food and other natural resources. Lots of navigable rivers, and better demographics.
We have more purchasing power per capita.
China is in for a world of hurt as the USA and West decouples.
Globalization helped China immensely. They're now trying to pivot to a service based economy with half the population in poverty.
I have no issue with China, but they're not in a good spot
CreepingFog OP t1_jaabuhq wrote
yet many chinese companies wants to be listed on the US markets and not vice versa?
Malevin87 t1_jaamlom wrote
Because US market have the liquidity. Thats all.
SageMaverick t1_jaagj5e wrote
What a dumb comment. South East Asia unite
Malevin87 t1_jaamdt0 wrote
South East Asia will unite when facing a stronger common enemy.
yamazaki25 t1_jaat2e2 wrote
Doesn’t China have a major dam failure that kills tens of thousands and displaces a quarter million people like every other week due to the lack of engineering oversight and use of poor construction materials?
Malevin87 t1_jab9waz wrote
America have dams failure too with one that happened in 2020. I been to both America and China. The infrastructure in the US are in such a bad shape compare to China. I think Americans should not be a frog in the well. Travel more and you realise how good China infrastructure is. Even their 2nd tier and 3rd tier cities are better than New York. The only people who thinks America infrastructure are better than China are the ones who do not travel. Even Japan and South Korea and Singapore are ahead of America.
yamazaki25 t1_jabi5st wrote
It’s easy to build things in blood. And since China does its best to cover up any and every single disaster that occurs, the world will never know how many people have truly died due to the lack of regulation. I’d take my chances on a place that doesn’t have to cover up disasters, even if it has less “stuff.” I’ve been to several countries. I know what the differences in infrastructure can look like. But there is a reason why NYC is the finance capital of the world. And there is a reason why LA is essentially the cultural capital of the world. People don’t move from LA or NY to China to find a better, safer, more fulfilling life. They do the opposite, in fact. You could build your streets with diamonds and gold and I’d still never take my chances entering the country of China.
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