Biden calls China a 'ticking time bomb' due to economic troubles
U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
Yeah yeah, I've heard that before. There's a whole cottage industry of "experts" that have predicted the imminent collapse of China going back decades. Call me when it actually happens.
China's economy is stacked like a house of cards and could come crumbling down due to some unforeseen global financial shock, but then again that sounds like most modern economies. I think people just pick on China because, instead of having a group of billionaires stack up the cards, the government does it themselves.
I'll drop this beautiful book here: https://en.m.wikipedia.org/wiki/The_Coming_Collapse_of_China
Americans have been predicting the collapse of China for 30+ years. It's just wishful thinking.
I don't know about China, but Biden is really throwing stones from glass houses here as the leader of a country which is teetering on the edge of civil war, had a full blown insurrection in the past few years, and not only has it failed to prosecute the leader and instigator, it has allowed him to run for election again and there is a possibility of him being elected.
And this is not mentioning that so many in the highest offices "on both sides" are so hilariously corrupt in a country with its national ethos being "the land of the free".
I'm not happy about this by the way, I don't think a world order built by China would be better than the shitty one we got from the US.
I believe the correct spelling is "Land of the free^" ^ terms and conditions may apply
We're not teetering on the edge of a civil war, the rednecks are just rednecking again, no news here.
It's like if you had a motion in the UN and north Korea objected and the media said "Uhoh, looks like the UN is divided!"
Rednecks need to object, it's the only way functional people can be sure they're not doing the wrong thing.
I love Ground News as a concept, but I always feel suss using anything which is promoted in sponsorship deal by YouTubers.
Is there anything I should know about them as an organisation? I feel by design if they were to have biases or open to manipulation that it would be really obvious..
Each specific article will show you the sources. It's kind of interesting to flip through the headlines and see how each source might describe the same thing differently.
https://mediabiasfactcheck.com/ground-news/
EDIT: Come on, don't shoot the messenger..
More than a fifth of Chinese age 16 to 24 are out of work.
Spain and other southern EU countries have experienced this, and even higher unemployment rates in the past, but with China’s rather large population, we’re about 30 million young people in a country with few safety nets.
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, providing evidence of a fading recovery.
So what is Xi going to do when these 30 million hit the streets to demonstrate? Draft them and attack Taiwan?
The situation isn't really a lack of jobs, it's that younger generations don't want to work the factory jobs (because they all studied for better jobs) and there is pressure to look after parents. Not only is there an imbalance in young vs old people due to the one child policy but China also passed a law that required children to provide mental and financial support to their parents. Some parents are effectively paying their children to look after them, thereby removing them from the workforce count.
https://www.voanews.com/a/china-elder-care-law-a-struggle-for-one-child-families/1704200.html
More than a fifth of Chinese age 16 to 24 are out of work.
Does that include people in school?
Like we're one to talk lmao
Its far more weird how many people pick one of these countries like its a RPG faction. Can we all agree most of these countries do some totally evil things as far as governments go? Who gives a fuck how much debt they're in, they're all just printing their monopoly dollars anyways and we're stuck with the inflation. Its like people like to masterbate to their favorite team via internet comments.
Isn't China undergoing deflation?
I haven't heard about that but I doubt it. Deflation is horrible. It stops economies from functioning. Your money will be worth more the longer you wait to spend it, so you don't spend it until you need to. No government is going to let deflation happen without something going horribly wrong, which it might be, idk.
Edit: apparently the consumer sector experienced deflation. I believe that means it shrank, not the value of money increased over time, which is what is implied by inflation/deflation without other context. I could be wrong though. Either way, it doesn't look great.
600+ years of "team white Europe" hooligans and you're going to complain about unsportsman-like conduct now that the camp you live in will likely have its economy decimated by successful decolonial projects and rematriation of stolen wealth?
The US is the last torchbearer of the "may our team beat their team" that led to the deaths of nearly a billion people, the utter subjugation and domination of multiple billions constituting 80% of the world population, and now that the US finally shows signs of being in an unstoppable collapse and China is creating the conditions for a new global social order you want to say "hey everybody, just be nice to each other and realize all countries are probably bad to the same degree and anybody winning is honestly just as good or bad as anyone else winning".
Fuck off
BRO WHY ARE THERE 600+ COMMENTS HERE, I'VE NEVER SEEN THIS EVER
Lemmy is a ticking time bomb.
You might want to get those things checked out. Seriously, they're like ticking time bags.
1003 now
The post itself is dumb, so I wouldn't complain about dumb comments
Tbh, I find the hexbears quite refreshing👌
Big fan :)
Brigading isn't a thing, that's the point of federation. Why is it always people who've joined in the last two months making these complaints? Couldn't possibly have anything to do with events on reddit in that time frame could it? 🤔
I had a look cause you made me curious... It's just hippies. "Disassociating from the system will destroy it" "I'm sick of furry porn re-enforcing capitalist ideals" "The only reason you're not a Marxist is that you didn't really 'listen' when you were in college. Wait is Marxism the bad one?"
Doesn't China have a history of repeatedly shattering into a thousand pieces?
Most china can only do it once
And you're from the Permanent Kingdom of Perfect Stability where borders never change powers do not rise and fall?
I'll take that as a yes.
Reading the comments…
Wish I could block an entire instance at once. Is that a thing I can do?
That’s fair. I did not know the background of lemmy.ml or hexbear and I’m certainly learning that users from particularly the latter are somewhat unstable. I just subbed to a bunch of top news communities when I joined Lemmy. That’s on me lol.
Yeah, some of these posts get wild. It's a shame, since the actual communists are cool.
It is interesting seeing the left's version of MAGAts, though.
If you're a fan of genocides and totalitarian regimes then yeah, communists are cool.
On Kbin, individual users can block instances. By going to https://kbin.social/d/instance.name
You can't block instances but you can block the lemmy.ml and hexbear.net magazines, which are all tankie hell.
USA probably exploded an actual bomb somewhere while he said that.
Just two more weeks!
How ironic, coming from the US.
From my vantage China looks like it is in a stronger position
What vantage is that?
Seeing in my lifetime how China replaced the US in many segments here. 20 years ago, even our plugs/sockets were US-spec. Now I am talking to you from my home 5G powered by Huawei https://youtube.com/shorts/Bk7slfSLvvY?feature=share
He should be focusing on US economic troubles. No matter how many times he tells us we are doing good everyone sees we are not.
you know it's possible to do more than one thing at a time right
32 trillion. Just one more. ✨
Bro we're like in our third massive recession in 15 years
Only one answer: https://www.youtube.com/watch?v=fCV8O_EkM4w
Here is an alternative Piped link(s): https://piped.video/watch?v=fCV8O_EkM4w
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source, check me out at GitHub.
Holy shit a 1000+ comments
Can we block hexbear.net please?
Why do we keep on looking to build echo chambers? Having discourse is an essential component of a healthy democracy.
Discourse is one thing. Bad faith one-liners is not that.
Looks like jlai.lu enjoys federating with hexbear
Can't wait to have the ability to block an instance at a user level on the web version...
Is creating echo chambers really desirable in our current political climate? Democracy is built on a foundation of free and open discourse, not in censoring opinions that we don't agree with. All that does is polarize and radicalize people even more.
It's not about an echo chamber. There are some instances that say the same few things without being reasonable. They're just political slogans and myths with little bearing on reality. If they were reasonable, sure. It'd be fine. They will take things out of context and when you provide context that goes against it they find something else to attack and act like it never happened. It's not useful and just makes it harder to see other things.
Oh, it's not a matter of opinions; I just can't stand Hexbear's ugly emojis polluting my screen.
There's also them assuming that anyone disagreeing with them must be a pro-murica propaganda-guzzling librul, as well as contrarianly shilling for anything that is anti-DaWest™ (or was once communist, if we take some liberties with the term), but that's far less important 🤓
I think you can do that with an adblocker like ublock: https://lemmy.blahaj.zone/comment/1887301 this was a suggestion for a beehaw user, but you can replace it with your instance.
undefined
beehaw.org##.person-listing[title$="@hexbear.net"]:upward(:is(.post-listing, .comment)) beehaw.org##.post-listing:has(.community-link[title$="@hexbear.net"])
PS...lol I haven't got it to work yet 😅 , research, try your luck.
I couldn't quite make it work either, but thanks anyway! Hadn't thought about using uBlock for that.
...due to the USA's economic troubles?
He's gotta find someone to blame when the next recession starts.