Into the Night
Verified User
China is collapsing. It's money velocity is almost nil. It's government is trying to spend it's way out of it's own financial difficulties with grand projects, including whole cities that no one lives in. People that have any ability to do so are exporting their wealth any way they can, despite harsh penalties from the government for doing so if they get caught.Really?
The second largest, most robust economy on the planet is the economy of CHINA.
China's future is returning to revolution after revolution.
Capitalism, fascism, and communism all exist in China. The government (of course) supports fascism and communism and even slavery. China's current form of government is oligarchy, and all the tyranny that does with it.It is, and remains, a socialistic system...
Capitalism is not socialism. Redefinition fallacy.that was smart enough to incorporate some capitalistic ideas...just as we incorporated some socialistic ideas into our capitalism.
Capitalism is the only economic system that creates wealth. Socialism does not create wealth, but is based on theft of wealth.If we were smart (I am not accusing us of being smart) we would borrow a few more ideas from socialism...and would improve our own economy.