The US and European market-based economies are struggling to survive against China’s "very effective" alternative economic model, a top US trade official warned on Thursday (4 April).
Not to be all but the markets have never been performing better. We just got off a 30% jump in equity prices in 2023, when the running annual average is around 6-8%. This, after the tickle of a downturn during COVID, followed by a sold four-year bull run.
It is absolutely crazy to see anyone complain about how the US economic system is supposed to perform into the future. Yeah, China's steady durable growth built on long term investment in infrastructure, commitment to universal publicly financed higher education, and publicly available amenities like housing and health care and high speed mass transit have dramatically improved the fundamentals of their market over the last 20 years.
But who are we kidding? We're not going to do any of that soy commie bullshit! No, we're going balls deep into speculative assets like Bitcoin and make-work automation practices like AI. We're building giant machines to gobble up all our natural resources, assigning those machines market prices, and telling everyone that our productivity is through the roof. And it's working! BIG. NUMBER. GO. UP!!!!
In light of that fact, who cares what China does? We put up a scoreboard and started ringing the "We scored a point" bell and its been ringing off the hook for half a decade. We won at our own game! Why are we complaining now?
Not to be all
but the markets have never been performing better. We just got off a 30% jump in equity prices in 2023, when the running annual average is around 6-8%. This, after the tickle of a downturn during COVID, followed by a sold four-year bull run.
It is absolutely crazy to see anyone complain about how the US economic system is supposed to perform into the future. Yeah, China's steady durable growth built on long term investment in infrastructure, commitment to universal publicly financed higher education, and publicly available amenities like housing and health care and high speed mass transit have dramatically improved the fundamentals of their market over the last 20 years.
But who are we kidding? We're not going to do any of that soy commie bullshit! No, we're going balls deep into speculative assets like Bitcoin and make-work automation practices like AI. We're building giant machines to gobble up all our natural resources, assigning those machines market prices, and telling everyone that our productivity is through the roof. And it's working! BIG. NUMBER. GO. UP!!!!
In light of that fact, who cares what China does? We put up a scoreboard and started ringing the "We scored a point" bell and its been ringing off the hook for half a decade. We won at our own game! Why are we complaining now?