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Fortune and History

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Posted By: Hazymac, 1/10/2022 7:22:16 AM

Much has been written about American decline. Often one’s rivals look ten feet tall and it’s easy to forget that both Russia and China have problems their own of their own. In an effort to achieve a zero spread of Covid, Beijing is imprisoning whole cities. (Snip) Some of China’s woes are caused by the failure of Beijing’s own systems to meet their ambitious goals. First it mandated the installation of a contact tracing app as a requirement for physical movement, even in Hong Kong. Then the app collapsed. ‘The Chinese city of Xian suspended its top official in charge of big data after the system powering the

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Reply 1 - Posted by: Jesuslover54 1/10/2022 9:11:48 AM (No. 1033845)
Feet of clay is a feature, not a bug.
2 people like this.

Reply 2 - Posted by: red1066 1/10/2022 9:40:35 AM (No. 1033878)
Just like fifty or sixty years ago when Russia's nuclear missiles, tanks, and space program was leaps and bounds ahead of the U.S., China's military is now viewed as leaps and bounds ahead of us. The internal goings on are either hidden, or just not reported. It's why the Olympics is so important for China. It's another chance to show the world how advanced they are, but it's only skin deep. Four hundred million Chinese might live better than before, but a billion more live no differently than their grandparents.
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Reply 3 - Posted by: JackBurton 1/10/2022 1:24:11 PM (No. 1034127)
China is facing a population crisis. Yes. Birth rates have plummeted. Worse yet, with abortion a sacrament, boy births outnumber girls 6 to 5. Yes, China needs women! Further, the gov't there doesn't allow investment in foreign securities. Their market is so inflated, people turned to other securities. Gold. And property. Heard about those empty cities? Built and sold and owned.... but what are they worth. Some apartment buildings are so shoddy they've fallen right over. They have a 2008 looming... and of course, the answer will be government. Can't wait.
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Reply 4 - Posted by: Hazymac 1/10/2022 2:38:46 PM (No. 1034197)
Retitled (as so many of Fernandez's essays seem to be) "Putin's Kazakhstan Problem.," which is a better title. Wretchard concludes thus:"Try as we might, we or Putin cannot banish the contingent from events. Some historians even believe the Cuban Missile Crisis was resolved through pure, blind luck. To be fair, it may also have been precipitated by a run of equally bad miscalculation. Things can go both ways. The only consolation for the players is that over the long run, the proportion of pluses to minuses will reflect their true abilities. Only with the incompetent is all luck bad luck." The dull fellow who was inaugurated on 20 January 2021 might show the world what really bad luck looks like. In competitive golf we have the expression "You make your own luck." Not mentioned in the article is the financial ties between the American pResident, his family, and some very high Kazakh officials. Blackmail potential is off the charts.
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Reply 5 - Posted by: Hazymac 1/10/2022 2:45:10 PM (No. 1034201)
One good eye, one bad. Editing is tough. That should be ...are the financial ties.... How soon will the Resident's corruption circle back and bite the whole damn administration in the butt? (And, unfortunately, the Nation. Thanks a bunch, Donks.You lefties need to disappear from power, permanently.)
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