The many weaknesses of the Chinese economy
Posted By: Hazymac, 4/24/2023 3:45:28 PM
A major weakness for the economy of China is centralized planning by its communist party, such as the one-child policy and “four modernizations” in 1978 which led to short term prosperity and an industrialized China, but also led to environmental degradation, income inequality, and corruption. There are other central planning failures such as its high-speed rail system which by the end of September 2021 was losing over $830 billion. Real estate was another area of failure, with dozens of ghost cities built for thousands of people with no occupants. The real estate bubble which burst bankrupting giants such as Evergrande and other real estate companies is another failure of central planning
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It is hard to believe Joe Biden can possibly go through with this. He is no longer capable of doing a live press conference, and couldn’t even manage a live re-election announcement. National Review reminds us that in 2019 Biden apparently told confidantes that he’d be a one-term president, that it was “inconceivable” that he’d run again in 2024.
So what’s behind this? And why so early? Reagan didn’t announce his re-election candidacy until early in 1984, though Bill Clinton announced his 1996 candidacy in April 1995. Therein likes the the beginning of an answer. In April 1995 Clinton’s poll numbers were still in the tank after the GOP landslide
Four More Years? Not If We Can Help It
11 replies
Four more years is all Presidentish Joe Biden needs to “finish this job” he started on the nation in 2021. “I know we can,” he concluded in his pre-recorded re-election announcement video on Tuesday.
A pre-recorded announcement? When someone announces they’re running for president, it’s a massive public event featuring the biggest and most enthusiastic crowd the candidate can muster. When it’s a sitting president, the pageantry and the crowds are practically built in. But not for Doddering Joe, whose people had to trickle out a video because they can’t trust their man to draw a crowd, not to screw it all up, or wander the wrong direction off
A major weakness for the economy of China is centralized planning by its communist party, such as the one-child policy and “four modernizations” in 1978 which led to short term prosperity and an industrialized China, but also led to environmental degradation, income inequality, and corruption.
There are other central planning failures such as its high-speed rail system which by the end of September 2021 was losing over $830 billion. Real estate was another area of failure, with dozens of ghost cities built for thousands of people with no occupants. The real estate bubble which burst bankrupting giants such as Evergrande and other real estate companies is another failure of central planning
Happy Monday, dear Kruiser Morning Briefing friends. Sasha kept unwanted suitors at bay with a strong combination of tea tree oil and biting sarcasm.
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Enter one Robert Francis Kennedy Jr.
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The pro-legal weed Hochul administration is quietly trying to fire up support for a complete ban on the sale of tobacco products in New York, The Post has learned.
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Former Clinton Labor Secretary Says States
‘Must Refuse To Place’ Trump’s Name
On 2024 Ballot 47 replies
‘Must Refuse To Place’ Trump’s Name
On 2024 Ballot 47 replies
Former Labor Secretary for Bill Clinton Robert Reich said states should refuse to place Trump’s name on the 2024 presidential ballot due to his alleged “treason.”
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Welcome to Post-Settlement Fox News
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Bud Light has suffered a “staggering” sales hit following the beer brand’s controversial marketing tie-up with transgender influencer Dylan Mulvaney — with the latest data showing an alarming 17% drop, according to an industry research firm.
The latest sales data [snip]shows that Bud Light sales fell 17% in dollars, while volume dropped a whopping 21%
Robert F. Kennedy Jr. continues to give the Democrat establishment fits, and it’s wonderful to see. (snip) On Sunday, in what must be a first for a Democrat presidential candidate, RFK even appeared on SiriusXM’s Breitbart News Sunday and took the occasion to denounce the Democrat establishment’s efforts to sabotage his candidacy and make sure that Old Joe Biden coasts to renomination.
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What Happened in Hospitals During Covid?
19 replies
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The man is completely shot mentally and almost certainly has dementia. He will be 86 years old at the end of his second term if he is reelected (assuming he lives that long).
70% of Americans, including a majority of Democrats, did not ask for this. Yet Slow Joe is plowing ahead anyway.