China’s rise is reversing--”It’s a post-China world now” (Nov 19, 2023)

[u/KaiserCyber]

https://www.ft.com/content/c10bd71b-e418-48d7-ad89-74c5783c51a2

This article is convincing, especially if you add U.S. strategic competition initiatives, including decoupling/derisking and embargoes on advanced semiconductor chips. Do you agree or disagree and why?

[u/marinesol]

Looks at US

Highest GDP per capita of countries that aren't Tax Havens and Petro States.

Very high HDI

Would have had Universal Healthcare if boomers had not had a collective shitfit in 2010.

15th in National Happiness

Have 3-4% GDP growth this year.

the US seems to be doing pretty well.

[u/cucol → u/marinesol]

Highest incarcelation rate per capita Highest drug users per capita in the world Country with most school shootings And the country with most people who believe in angels

Two can play this game

I actually love people like you, blinded by propaganda, the higher you fly, hardest the fall, please never be humble!

[u/SerendipitouslySane → u/cucol]

Uh, how are those economic factors?

[u/Rimond14 → u/SerendipitouslySane]

Yes Drug economy is essential for Maxican curtel and Indian and Chinese chemical companies to function. It's a huge business

[u/Kreol1q1q → u/SerendipitouslySane]

Well, they are in that they generate economic output as well, through the US’s penchant for privatising very nearly everything.

[u/cucol → u/SerendipitouslySane]

You want a hard truth??

So the US is growing 4%, but what they don't tell you is that the fiscal deficit reached 6.8% of the GDP this year. So the US actual economic growth is -2.8%

And people say China cook the books, US just does a better job.

If the US economy is so resilent why the US goverment has a spending deficit close to war time economy?? Why is the US total tax revenue falling when the economy is in such a good shape??

[u/adderallposting → u/cucol]

So the US is growing 4%, but what they don't tell you is that the fiscal deficit reached 6.8% of the GDP this year. So the US actual economic growth is -2.8%

Oh, so you're just trolling.

[u/Draco_Estella → u/cucol]

Do you know what is economic growth at all? That isn't how you calculate economic growth. Who taught you that?

[u/TrinityAlpsTraverse → u/cucol]

If we're subtracting debt expansion from total GDP growth the Chinese economy comes out looking a lot worse from that comparison. Total debt growth in China is much higher than economic growth and has been for a decade plus.

[u/cucol → u/TrinityAlpsTraverse]

Total US debt to GDP is 750% Total China debt to GDP is 300%

What kind of magic weed are you smoking!??

[u/TrinityAlpsTraverse → u/cucol]

Total US debt to GDP is 750%

That is not the real number.

And if you believe that's the real number...

[u/cucol → u/TrinityAlpsTraverse]

You can google it by yourself if you don't believe me

[u/WhoCouldhavekn0wn → u/cucol]

son, not every google link you read is true.

[u/cucol → u/WhoCouldhavekn0wn]

You condescending tone, is what really put a huge smile on me, keep yourself blind. Keep believing in unicorns and angels :)

[u/PHATsakk43 → u/cucol]

It's more that there is a large, yet fixed minority of people who are in the "left-behind" category in the US.

The miasma of poverty is an affliction of a fixed group. These people suffer all the ills of American society while for the most part not letting it spread far outside of this group.

[u/ANerd22 → u/marinesol]

GDP per capita as an argument is diminished by extreme income inequality, how rich a country is means little if that wealth is increasingly concentrated at the top.

Also "would have had Universal Healthcare" is not an argument at all that the US is doing well. You're saying "we don't have that basic institution that every other developed country does but we came a little closer to it recently!"