China seems to think it can keep growing by going colonial, replacing ties with the west with Africa and "BRICS". I guess they do really believe the Leninist idea about the west becoming rich through colonial exploitation.https://twitter.com/niubi/status/1027683386268286980 …
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Which is lunacy. Growth comes from trading with rich nations. Poor nations are poor and don't have spending ability. Which is why western powers ended up moving troops to enforce their claims. China can't do that and will get fleeced. Ah, Marxists.
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Replying to @thespandrell
Yes, but the poor nations are growing much faster in population.
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Replying to @Enopoletus
Which will reduce their spending power, not increase.
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Replying to @thespandrell
Nigeria is now the 24th largest economy in the world. Would have been thought nuts 50 years ago.
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Replying to @Enopoletus
Thats because of oil. Not because of the productivity of its people.
9:51 PM - 11 Aug 2018
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