Ninjastic
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Board Economics
Re: Chinese construction Mega-Bankruptcy. Evergrande about to crash for 355B
by
jaysabi
on 16/10/2021, 21:35:08 UTC
Quote from: DrBeer on October 10, 2021, 02:57:41 PM
Quote from: jaysabi on October 02, 2021, 02:30:59 PM
Quote from: Wind_FURY on September 20, 2021, 01:21:43 PM
China can, A. BRRR-print, and pump their economy with Yuan to stop the crash, OR B. Let the economy fix itself by leaving it alone, and let it be through a recession. For Bitcoin HODLers, we can, A. Relax, OR B. embrace another golden opportunity to buy the dip and HODL. Cool

You can rest assured that ever if China is presented with two choices between letting something resolve itself or staging a huge power-grabbing intervention, they will take the latter every time.  The chinese party is obsessed with control, and they've turned their society into an Owellian nightmare that is only increasing the amount of control they exert over everyday life.


The Chinese government, the latter, has always been totalitarian. The truth was showing signs of maturity and partial support for market rules. But totalitarianism does not tolerate freedom, which began to break through in everything and everywhere. Therefore, the most anticipated turn of events is "tightening the screws", a decrease in freedoms, an increase in totalitarian methods in management. Well, as a result - the curtailment of the economic "miracle"

Exactly, I just wrote something similar in the other Evergrande thread.  Coincidentally, also in response to you.  The totalitarianism is exactly why the party can't tolerate a free Hong Kong or an independent Taiwan.  Having free societies of ethnically chinese inhabitants could inspire people to question the party's rule over mainland china, so it is imperative from the party's point of view to bring both Hong Kong and Taiwan to heel, and sooner rather than later.