This article skims the surface on the current economic news coming out of #China 🇨🇳 as well as the pending recession the country will experience.
It seems many of the policies promoted by the government of China 🇨🇳 are having a blow back effect.
It’s like they threw an economic boomerang 🪃 & it has comeback to hit them in the head!
👉🏾 China’s economy is way more screwed than anyone thought https://www.businessinsider.com/china-debt-economy-implode-stock-market-wall-street-xi-jinping-2023-6
very interesting. "greed is good" got Xi in trouble too.
despotism's Achilles' Heel is its reliance on one person's mind, insight, decisions.
without authentic intersubjectivity leadership lacks sufficient intelligence and failure is inevitable.
this is happening around the world.
the greater the population, the greater the danger.
@holon42 Yeah, Xi is allegedly surrounded by “yes men” who simply agree & carry out whatever wishes he has for the government. That is dangerous no matter what political structure a country has.
exactly. same as putin, all the kims, and throughout history too.
respect the other or else.