so historically you could resolve disputes between states with a conventional war. that was fairly effective one way or another but nukes have fucked that up for major powers. very difficult to go to war with a nuclear power if you are a nuclear power too. risky
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maybe their elite class is so huge that an eccentric preference reads to us as an exodus
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It was pointed out recently that China has spent a decade touting itself as a leader in renewable energy, yet its carbon emissions have INCREASED this past decade, & it's building more coal-fired power plants than ever. The moral of the story is that the Chinese like to lie.
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we discuss this at length! :)https://twitter.com/eigenrobot/status/1378314934497406976?s=19 …
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Gold Bricking has long been a fashion in London with Chinese, Russian and Saudi investors owning huge chunks of premium residential property with the city being one of the most successful money laundering operations in the world. IMO the result is a mixed bag of +/- for brits.
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(Morality aside)
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cough *crypto* cough
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1- it's a pressure release valve, discontented elites are waaay more of a stability threat than starving peasants 2 - it messes up western property markets so functions as a low-level cold war attack all by itself
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@thespandrell says this picture is 10 years out of date, but even supposing this was true up to a year ago, I can't imagine many Chinese comparing US and Chinese corona response and thinking "yeah, America is exactly the place where I want to invest my money long-term". -
i assume your moving your assets to the mainland then
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