Conversation

World needs to wean itself off China, same as with Saudi. Transition off high-carbon energy and low-freedom Chinese labor. Using a cursed resource always has costly externalities.
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I’m starting to suspect the Chinese way is worse than the Soviet way, and when it collapses, the fallout will be far worse. I’m guessing 2030-35. The pseudo capitalist economics creates a false sense of security.
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Kinda easy to forget that Hong Kong transfer was 23 years ago, so it’s not exactly a rapid reeling in. An HK generation has grown up post UK withdrawal. Still it’s like 90% of the reeling in has happened in the last year. Slowly then suddenly.
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The American system lasted about 150 years. The Soviet system about 70 years. The Chinese system will last perhaps 50. There are no permanent systems. Only permanent problems.
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