This economist’s argument about the future for China and US has more holes than Swiss cheese. It ignores the permanent case of China’s lack of credibility: It’s lack of believable accountability and accounting. It’s a system build on total secrecy, lies, and enormous propaganda. Effective financial markets can not exist in the Chinese milieu.
The argument for the superiority of US economic development, capital formation, financial markets, and full disclosure protocol is a matter of history and evidence.
China's economic policy is focused on maintaining a high level of employment to hold down worker dissent. Recently, the government pursued building large apartment buildings. The Chinese housing bubble burst, leaving large numbers of unoccupied dwellings and large debt.
China has utilized aggressive sales tactics to encourage the West to purchase large quantities of solar and wind generators to generate low-quality electricity to keep their factories busy. Trillions of dollars have been spent.
The April 28, 2025 Iberian Peninsula blackout is demonstrating the folly of such an approach. At least nine Spaniards died. The economic damage is likely denominated in the billions of dollars. Perfectly good Spanish nuclear reactors were idle before the blackout as a consequence of government-backed energy policies favoring solar and wind generation. Californians for Green Nuclear Power (CGNP) is nearly ready to publish its criticism of China and Spain at the GreenNUKE Substack. https://greennuke.substack.com/
China has begun its long slow slide to a massive recession.
This economist’s argument about the future for China and US has more holes than Swiss cheese. It ignores the permanent case of China’s lack of credibility: It’s lack of believable accountability and accounting. It’s a system build on total secrecy, lies, and enormous propaganda. Effective financial markets can not exist in the Chinese milieu.
The argument for the superiority of US economic development, capital formation, financial markets, and full disclosure protocol is a matter of history and evidence.
China's economic policy is focused on maintaining a high level of employment to hold down worker dissent. Recently, the government pursued building large apartment buildings. The Chinese housing bubble burst, leaving large numbers of unoccupied dwellings and large debt.
China has utilized aggressive sales tactics to encourage the West to purchase large quantities of solar and wind generators to generate low-quality electricity to keep their factories busy. Trillions of dollars have been spent.
The April 28, 2025 Iberian Peninsula blackout is demonstrating the folly of such an approach. At least nine Spaniards died. The economic damage is likely denominated in the billions of dollars. Perfectly good Spanish nuclear reactors were idle before the blackout as a consequence of government-backed energy policies favoring solar and wind generation. Californians for Green Nuclear Power (CGNP) is nearly ready to publish its criticism of China and Spain at the GreenNUKE Substack. https://greennuke.substack.com/
Chris, your Canadian battles have made you susceptible to China.
Please expand.
And its mythology. It is not a fact-filled world, nor should it be emulated.