(Thread IKs:
fart simpson)
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if there’s anything i know about china, it’s at that they’ll let one of their provinces totally eat poo poo and the vultures will descend to strip everything of value out of there
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May 24, 2023 02:38
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Yes the Flint province.
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May 24, 2023 02:56
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Danann posted:https://twitter.com/CarlZha/status/1661165914492895233 splurging on infrastructure like i'm stuffing my face at The Cheesecake Factory
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May 24, 2023 03:03
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What if too many trains!?
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May 24, 2023 03:20
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that cool bridge is probably worth the debt
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May 24, 2023 03:22
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Shipping stuff a little further isn't why the Northeast is poorer. If that were true then Sichuan would be poor and like, Colorado or Moscow would be. The Northeast is just poorer because its main industries were based on old infrastructure and basic industrial products, which got passed over during the '90s and '00s in terms of investment. Even then, the cities are developing well, it's just the extremely rural countryside that isn't. It's rural economy is productive but it kinda sucks to live there because it gets really cold so people tend to leave and never come back. Those areas are thinly populated to begin with so the main problem is then most of the poor villages are populated by a handful of old people. The bridge that was linked is completely irrelevant. It's not too low for river traffic, and more importantly, that river doesn't go anywhere, it only winds through part of the Korean autonomous prefecture.
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May 24, 2023 03:23
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Cpt_Obvious posted:What if too many trains!? dont get me started 
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May 24, 2023 03:37
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Danann posted:https://twitter.com/CarlZha/status/1661165914492895233 fart simpson posted:if there’s anything i know about china, it’s at that they’ll let one of their provinces totally eat poo poo and the vultures will descend to strip everything of value out of there lol they literally already have stepped in quote:Last month, China Cinda Asset Management, a state-owned institution that specializes in bad loans and distressed debt, said it would step in and help Guizhou sort out its finances. That followed a public admission by the local government’s official think tank that Guizhou couldn’t manage its debt on its own, and needed assistance from the central government. An article written by the think tank was taken off the internet shortly after it was published. but they didn't step in for companies and the real estate market  quote:Chinese authorities largely stood aside over the past two years as the country’s largest property developers slid into financial distress, causing losses for investors and many businesses and depressing the land sales that were a big source of revenue for many local governments. There was also no government rescue earlier on for debt-laden HNA Group, a large airlines-to-hotels conglomerate that went into bankruptcy. Some state-owned Chinese companies that weren’t deemed to be systemic risks have also failed. also from the article: quote:The stakes could be higher this time, as local government debt defaults could have more negative consequences affecting China’s banking system. Over the years, smaller local banks and local branches of big banks have lent heavily to these local governments. “It’s absolutely a problem. It is channeling the problems in the real economy to the financial sector and eventually could pose a threat to financial stability,” said Tianlei Huang, a research fellow at the Peterson Institute for International Economics. projection based on places like SVB and Credit Suisse eating poo poo probably quote:Guizhou’s debt buildup began more than a decade ago. In 2012, China’s State Council published an ambitious master plan to boost development in Guizhou, which was described as “the underdeveloped province with the most severe poverty.” Its GDP per capita that year was just 19,710 yuan, equivalent to $2,801 at current exchange rates. lol. article here: https://www.wsj.com/articles/one-of-chinas-poorest-provinces-faces-imminent-debt-problem-5ca1becf
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May 24, 2023 03:41
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Can’t believe Xi let down Henry George https://twitter.com/bryankav123/status/1661157134707609600 https://twitter.com/bryankav123/status/1661160423306194946 https://twitter.com/bryankav123/status/1661207750494527489
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May 24, 2023 04:48
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Danann posted:https://twitter.com/CarlZha/status/1661165914492895233 I get the feeling that even if it's true, China is going to cover the debt of its constitute parts where as Washinton loves telling cities they're on their own
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May 24, 2023 06:04
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crepeface posted:lol they literally already have stepped in China is the only place in the world where a region can double its gdp in a decade and be able to frame it as a bad thing.
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May 24, 2023 06:13
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KomradeX posted:I get the feeling that even if it's true, China is going to cover the debt of its constitute parts where as Washinton loves telling cities they're on their own oh no these made up numbers on a spreadsheet have been wasted on this useless bridge
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May 24, 2023 06:18
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Kindest Forums User posted:China is the only place in the world where a region can double its gdp in a decade and be able to frame it as a bad thing. Ahhhhhh but you see they didn't fix it within the decade so this is a failure. This is why it's important to not help or try to fix things or promise anything besides vague "We will improve our roads and bridges" stuff.
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May 24, 2023 06:33
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Centrist Committee posted:oh no these made up numbers on a spreadsheet have been wasted on this useless bridge also the bridge is made of poor quality and won’t last for infinity years
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May 24, 2023 08:13
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It seems like the central government subsidizing the debt of a poor province is more or less how the system is suppose to work. Also, there is already a port on Posyet that is transporting Chinese goods, it is just that obviously Vladivostok is simply larger and has more room for expansion. Ardennes has issued a correction as of 09:31 on May 24, 2023 |
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May 24, 2023 09:27
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Sun Yat-sen ftw
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May 24, 2023 12:32
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Ardennes posted:It seems like the central government subsidizing the debt of a poor province is more or less how the system is suppose to work. But no you're supposed to leave poor places to rot while giving lots of money to rich people that's how the economy works
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May 24, 2023 12:44
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Ghost Leviathan posted:But no you're supposed to leave poor places to rot while giving lots of money to rich people that's how the economy works my competitive advantage is in being rich. your competitive advantage is in being poor. it would be an economic injustice to make you rich and so deprive you of your advantage
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May 24, 2023 12:46
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Orange Devil posted:Sun Yat-sen ftw Sun Yat-sen posted:If we use existing foreign capital to build up a future communist society in China, half the work will bring double the results Sun Yat-sen posted:It is my idea to make capitalism create socialism in China well hot drat, would you look at that
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May 24, 2023 12:57
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I have been thinking about US and China's approaches to long term infrastructure alot. Like a good example is China building a HSR in landlocked peripheral country Laos, or CA spending 100 billions on a partially finished HSR. I think I can describe the main difference being the US approach is about solidifying the regional economic ladders and profit from people or region that wants to overcome these ladders; whereas China is looking at most cost effective way to gain improvement on a large scale, which usually lead to priority policy to favor different regions at different decades (be that coastal region or the poorest inland region) depends on current state of technology or commerce. China building trains and highways in Guizhou is obviously not a "face project" or "grand political project" but rather long term human solutions to Guizhou's permanent low income situation, caused by its geographical location as well as very hilly terrain. If you just do a cost analysis on the surface level, it's not going to be profitable on the spreadsheet, but the Chinese leadership also is counting on "political value" and "social value" gain from such long term investment. stephenthinkpad has issued a correction as of 13:24 on May 24, 2023 |
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May 24, 2023 13:21
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Slim Jim Pickens posted:Shipping stuff a little further isn't why the Northeast is poorer. If that were true then Sichuan would be poor and like, Colorado or Moscow would be. The Northeast is just poorer because its main industries were based on old infrastructure and basic industrial products, which got passed over during the '90s and '00s in terms of investment. Even then, the cities are developing well, it's just the extremely rural countryside that isn't. i missed this before, thnx for the additional info
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May 24, 2023 13:25
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stephenthinkpad posted:I have been thinking about US and China's approaches to long term infrastructure alot. Like a good example is China building a HSR in landlocked peripheral country Laos, or CA spending 100 billions on a partially finished HSR. It makes sense that if moneyed interests have captured the state they would direct state investments to flow to projects that primarily benefit themselves and solidify their hold on economic power.
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May 24, 2023 14:03
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https://twitter.com/SeanMcCarthyCom/status/1660703927149404172
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May 24, 2023 17:08
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idk, ive used the high speed rail system quite a bit and for whatever else you can say about it, it’s there and it was built really fast and it works
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May 24, 2023 17:20
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almost like that dude is just a cia brain in a jar and not worth your time to read
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May 24, 2023 17:26
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atelier morgan posted:almost like that dude is just a cia brain in a jar and not worth your time to read lol keeping this in a backpocket
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May 24, 2023 17:29
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atelier morgan posted:almost like that dude is just a cia brain in a jar and not worth your time to read Too late when you declare the "Steppe people" Orks.
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May 24, 2023 17:30
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The soviet union never got a chance to compete with the united States in respect to the material benefits of living in an advanced and prosperous capitalist society. Which meant that constructing an anticommunist ideological framework was relatively easy and wasn't full of glaring contradictions. China is a different story. It's current trajectory is outpacing the western world on almost every level, from technology, consumer goods, infrastructure, jobs, environment, academia, diplomacy, etc. In some areas they already exceed, in others they still can't compete with the imperial nations. So how do you foster anticommunist ideology when the contradictions will be enormous? When at a certain point it is clear the communist society prevails and is a leader in providing an advanced, safe, and prosperous society. Either people wise up and recognize the contradictions. Or, more likely, that the architects of our ideology will have to abandon any legitimacy they may have and target our fears. We'll see a lot more of things like tucker Carlson recent point claiming " China has murdered 10,000 Americans by shipping fentanyl on our streets". The media will stop complaining about the ills of China and instead blame the ills of America on China (more so then they already have) In other words, as China becomes more successfull, America and the west will become more insane. The future is grim
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May 24, 2023 17:34
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atelier morgan posted:almost like that dude is just a cia brain in a jar and not worth your time to read 
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May 24, 2023 17:42
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atelier morgan posted:almost like that dude is just a cia brain in a jar and not worth your time to read wonder if he would take that deal if the west was also reduced to the place it occupied for most of world history
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May 24, 2023 17:47
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the steppe lords seem p well appeased based on the recent summit with central asia. have the westerners managed yet to discover a client state relationship where they don’t betray their partner and leave them to their doom?
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May 24, 2023 17:54
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I cant get over the Thai "pro democracy" guy who's still insisting that they get a hyperloop, a thing even the Muskrat said is not real, in 2023 Canadians talking about corruption in Chinese projects like SNC Lavalin isn't serving an indefinite ban for being too corrupt for the WB
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May 24, 2023 18:02
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While on the subject of Thai election, why do Thai people keep voting for billionaires and even worse, children of billionaires who didn't even do anything to make those dirty money, they just born into it. As pessimistic as I am to Taiwanese politic, at least they didn't suck up to the richest guy (maybe to the detriment of the blue camp but what do I know.)
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May 24, 2023 18:19
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https://twitter.com/goldencaskcap/status/1661271644839583745?t=xb-vIN3_JSlEQYcD4rtmxw&s=19 Very normal
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May 24, 2023 18:24
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stephenthinkpad posted:I have been thinking about US and China's approaches to long term infrastructure alot. Like a good example is China building a HSR in landlocked peripheral country Laos, or CA spending 100 billions on a partially finished HSR. so weird, as an american, to hear about countries basing their decisions on what is the "most cost effective way to gain improvement on a large scale"
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May 24, 2023 18:50
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Why does James think this is an own? I think shutting down a corrupt government agency will continuing to build more railroads says a lot.
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May 24, 2023 18:58
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 Lol
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May 24, 2023 19:00
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fart simpson posted:idk, ive used the high speed rail system quite a bit and for whatever else you can say about it, it’s there and it was built really fast and it works I hear that poo poo being there and working is what succesful societies are built on. Don't teach this poo poo in MBAs though.
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May 24, 2023 20:34
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Kindest Forums User posted:In other words, as China becomes more successfull, America and the west will become more insane. The future is grim I don’t think so. the present is already grim. but there’s a light rising in the east. propaganda is ultimately downstream of material conditions. eventually even the lead-addled western bourgeoisie will switch sides and submit to the cpc
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May 24, 2023 21:13
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Centrist Committee posted:I don’t think so. the present is already grim. but there’s a light rising in the east. propaganda is ultimately downstream of material conditions. eventually even the lead-addled western bourgeoisie will switch sides and submit to the cpc Historical precedent indicates the western bourgeoisie would prefer a war of annihilation first
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May 24, 2023 21:51
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