

Avik Roy
22.2K posts

@Avik
Co-Founder & Chairman @FREOPP. Chief Strategy Officer @Strive $ASST $SATA. @Forbes @BitcoinPolicy @AspenAGLN @BPC_Bipartisan et al. Pronounced “OH-vick.”









China Is Repeating the Soviet Union’s Fatal Mistake Its economy looks strong on paper: a record $1.2 trillion trade surplus, dominance in EVs, solar, and shipbuilding. But the foundation is cracking. Its share of global GDP peaked at 18.5% in 2021—now down to 16.5% in 2025. Its economy has fallen from ~75% of the U.S. to under two-thirds. Why? Because Beijing shifted from wealth creation to state-driven tech and military expansion. Many of these sectors aren’t profitable. EV and solar industries are locked in brutal price wars. Chips and defense rely on massive subsidies. Meanwhile, real wealth creators are shrinking. This is the Soviet playbook: prioritize power over profit. It looked strong until it collapsed. Economics is simple: wealth first, strategy second. China reversed it. And now the cracks are showing.

















