

Blue Bear
13.4K posts









If devaluing the yuan and limiting household share of GDP don’t make China more competitive then why have they been doing it for decades? Assuming, arguendo, that China is just vastly more competitive no matter what, then it would clearly be better to let the yuan appreciate and boost household share of gdp so Chinese citizens can buy all sort of fancy stuff from abroad, take nicer vacations, etc.


@Bluebearmonkey Even attempting to compare the scale of economies across different sectors using PPP is a sign of utter ignorance—let alone comparing entire economies. It is an extremely unprofessional practice.

Whenever wypipos say dumbass shit like re-industrialise, innovation economy, onshoring manufacturing, rebuild military arsenal. What they mean is they want me to do something about it. Sorry. There just aren’t enough of me to go around.

The rich are rich because they work. The poor are poor because they don't.






@Bluebearmonkey @materialcontext @michaelxpettis I like how you go on these random tirades in a desperate attempt to distract from the fact that your sloppy propaganda attempt got called out








“There is a vulnerability at the heart of the U.S. economy so profound it imperils our national sovereignty, and most Americans have no idea it exists. The public is well aware of China’s manufacturing dominance. The scale is alarming, yet it is not the real danger. The deeper, more insidious vulnerability is that China has secured control over a narrow set of manufacturing chokepoints that the entire U.S. industrial base relies on to function.” My latest report for @commonplc breaks down the mechanics of this leverage and the national security logic behind US industrial policy: open.substack.com/pub/commonplac…




I am circumspect with Chinese involvement on the continent. In some ways, they have been a net positive, because they pour resources for infrastructure projects and also provide Africans with affordable goods that would normally be out of reach from hi-tech appliances and EVs.

which one would you choose?
