Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

Hawkeye10 said:
The Chinese people are not subjugated....the Party goes to great lengths to make sure that it is operating in the interest of the people, with the consent of the people.
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Ya, as long as you do not ever speak out against the government as Jack Ma learned, the hard way.
 
QP! said:
China seems to be on an unstoppable track to being the world #1 super power and it because they have deliberately chosen an Authoritarian path based on what of the biggest legs of populism which is ensuring the MC and below share in the bulk of GDP gains, causing a spiral of wealth accumulation.

As the MC get ever richer the GDP goes ever up, meaning the country as a whole gets ever stronger.

Trump and Putin would take that system and comb so much out to make a selective few richer in the short term that they would not see how that made not just the country but also themselves poorer in the long term. Now they would just argue, just give me all the money now and let me invest it, as i do not care about the long term for the country.

It is an argument I realize, is a divergence but is one i am fascinated with. Arguably had Putin really doubled down on the prior reforms, even if he shifted to a more China based system, i believe Russia, long term, and would have rivaled CHina and the US as a world power. That Russia was uniquely positioned to be the true 'Bridge between Asia and Europe and America' being a mid point for giant Tech companies to set up their second biggest offices competing for a portion of the talent coming out of India and China, etc. I think with the storied history of Moscow and the Country, and true stability and reforms, they could have easily become that.
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China has engineered a middle-class boom that turbocharged growth, but it is not “the bulk” of gains going to MC/below.

Inequality has risen sharply, and the state now tightens that spiral via “common prosperity.” Trump and Putin do favor elites, but you overstate both the scale of elite capture and the long-term self-harm.

China’s middle class grew from roughly 3% of the population in 2000 to about 40% (400 million people) by 2025, according to McKinsey.

Urban disposable income rose 15 times since 1990. This expansion is real and massive. However, the top 10% captured around 40% of income growth from 2010 to 2020, per the World Inequality Database.

China’s Gini coefficient went from 0.38 to 0.47, then back to about 0.43 under Xi’s crackdown. This shows inequality increased sharply before being reined in, not that the middle class and below got the majority of gains.

Consumption remains at 38% of GDP (versus 68% in the U.S.), meaning investment and property dominate the economy.

The key driver was state-led industrialization, urbanization, and hukou reform, not populism.

The CCP allowed inequality to rise to spur growth, then curbed it starting in 2021 with tech crackdowns (Alibaba and Tencent lost $1.5 trillion in value), property caps (Evergrande collapse), and “common prosperity” taxes on billionaires.

The result: growth slowed from 10% to around 4.5% in 2025. The “spiral” is real but fragile. Youth unemployment is at 18%, the property sector is crashing, and an aging population threatens sustainability.

The 2017 Tax Cuts and Jobs Act gave 83% of benefits to the top 1% by 2027, per the Tax Policy Center.

Top firms did $839 billion in stock buybacks. Deficits rose by $8 trillion, and infrastructure lagged.

Still, GDP grew 2.3% on average pre-COVID, and the stock market rose 70%. Trump's wealth is tied to markets, so elite gains helped him short-term, but there’s no clear self-harm.

Russian oligarchs control 20% of GDP, and the top 1% income share reached 25%, per Novokmet. Sanctions cost over $1 trillion in lost growth. Russia’s economy is now smaller than the USSR’s was in 1990 in PPP terms, with brain drain and tech lag.

Here, personal wealth (estimated $200 billion) is secure, but Russia is weaker than in 2013. This is long-term self-harm.
 
QP! said:
So how do you define Xi and the Party?

Are the people of China free to choose anyone else to rule them?
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Yes, and so the Party takes enormous efforts to make sure that does not happen, because that would weaken China....and now is the time for China to shine again......failure of the leaders can not be allowed to fuck that up.
 
The claim that Putin and Xi are dictators is not anywhere near the truth, that is a claim from the Imperial Empires brain washing apparatus intended to keep Americans disliking and fearing DragonBear.

The Empire manufactures the enemies it needs.
 
Diogenes said:
Based on public records, visa data, and reporting, the suspicion is not valid.
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You then go on to prove he did indeed hire green card workers, and then you also left out the various sub-contractors and business partners who hire them. I said 'probably', merely for effect. By the time you round up all those who Palantir relied on, you will end up far closer to 1,000 than 'none', or a lot in fact. Parallel applied for around 140 H1-B's and green cards alone. Applying for worker visas is itself a claim of a 'labor shortage'. Like all 'businessmen', Thiel is a hypocrite and would sell anybody out for a buck like all the rest of the tech hustlers. He says whatever suits himself at the moment, period.
 
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Hawkeye10 said:
The Chinese people are not subjugated....the Party goes to great lengths to make sure that it is operating in the interest of the people, with the consent of the people.
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Well, it's official; you're completely insane, or a hired propaganda shill for the Cadre.
 
cawacko said:
I 100% get their frustration. I hear it as well when talking to young people.
Unfortunately for them, the path they're choosing is what has contributed to this divide. It's a doubling down on what hasn't worked.

The YIMBY movement started in San Francisco but has moved on to other cities. They're progressives who recognize the need for zoning changes and more supply to bring down housing prices. Politically it's fascinating because the NIMBY-YIMBY divide doesn't break down neatly along partisan lines. But policy wise, it challenges the mindset of people still living metaphorically in 1980 who don’t want change in their neighborhoods. That resistance is what’s really driven this problem.
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You're one of the few people I have respect for, you work or worked, in the real estate game and not some pontificating arsewipe like QP who loves to mouth off all the fucking time.
 
He who this late into this dark age claims to think that the BBC....or the Brits generally....still have something of value to offer...

What are we expected to do in the face of this?
 
serendipity said:
You're one of the few people I have respect for, you work or worked, in the real estate game and not some pontificating arsewipe like QP who loves to mouth off all the fucking time.
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Thanks. There are some topics where I’m out of my element, but this one I know a bit about.

People can debate the label, but what Mamdani’s proposing would only push prices higher.
 
cawacko said:
Thanks. There are some topics where I’m out of my element, but this one I know a bit about.

People can debate the label, but what Mamdani’s proposing would only push prices higher.
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It all depends upon the level of oligarch support.
 
EdwinA said:
He probably faked a 'labor shortage' and asked for a 1,000 green cards while heading up his software corp.
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oh yes.


that.

and...


corporations regularly put up fake job listings so people doing well have no empathy for people who can't find jobs, because they see so many job listings, their bum acquaintance or friend or family member is obviously just lazy.

same thing for "work from home opportunities". they're mostly scams, but you have to look into a few to figure that out. people just casually seeing an ad or perusing the internet think, "wow, anyone not working just doesn't want it".

I know a lot of this is slightly tangential to what you were saying.

I've just been wanting to get this off my chest for a while.

thank you.
 
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