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Joined 25 days ago
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Cake day: January 29th, 2025

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  • Go back to any month in any year in the last thirty. You’ll find the same type of opinion pieces from the same people. Despite this China has raised the most people out of poverty in all of history, and has matched the US’ s GDP.

    Pointless ‘china is really failing this time despite us being wrong the last 2000 times’ articles prove absolutely nothing. Because China isn’t trying to be profitable. They are not an oligarchy like euro nations. They are not a kakistocracy like the US. Their economy is fundamentally different.


  • How is eliminating failed management and ensuring the money held in the bank covering it up?

    Do you not know how the economy works in China? Over 60% of the economy is public sector, while some of that is just state investment, some is also failed private sector businesses that still would serve a purpose without profit motive.

    It would be ridiculously cruel to allow a bank to fail while it still holds the savings of ordinary citizens. And it would be ludicrously stupid to bail out failed companies and just allow them to continue functioning as they had. So you buy them, change the mission, replace the management, everyone except the rich fucks win







  • yunxiaoli@sh.itjust.workstoMemes@lemmy.mlCrazy Idea
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    3 days ago

    The image says 16.7 for Taipei, not 6.7. neither my comment nor the image contains a 6.7.

    Now you can argue all western and Eastern sources are undercounting nk and China, that’s why I didn’t even include nk given the natural mistrust of information from a country with less than 10k tourists a year; but any search of this info online shows the same trend: Chinese nationals dont commit suicide as often as their oppressed neighbors.