What is wild to me is the absolute collapse since May. The meme on this side of the Great Firewall is that China was tough but effective. What has caused the collapse since May?
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Most of the lost trust has been losing what was gained, with some overall gain. But china stands out for more than losing what was gained from rally round the flag trust. Seems important
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All my friends who've spent any time in China have told me that its government has been functioning in desperation mode for decades, trying to win ideological buy-in from an increasingly apathetic, materialistic, entertainment- and gadget-obsessed society—hence i.e. social credit
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"Projecting strength outward to mask rapid internal disintegration" seems to be the mode of all empires currently in existence
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