Democracy is always superior to authoritarianism, long term. Regulated capitalism is always superior to state owned and directed business.
As ever, “authoritarianism” just means when non- white countries elect people that white people don’t want them too.
When was Xi Jinping last elected by the people?
March of this year.
And who elected him? The people of China or his cronies?
The people of China
Lmao gattem
In an economy as tightly controlled as China, how much does deflation even matter?
Also I wonder how everywhere else having inflation will interact with this. Is China just getting affected because the rest of the world can’t afford basic necessities anymore? The article kinda touches on reduced demand from countries with inflation abroad causing this, but also doesn’t really explain anything other than going “lower number is uh bad”
China has built out enough infrastructure where it really needs consumer demand to take over as a major economic engine.
Nah, that is liberalism. https://thenextrecession.wordpress.com/2023/08/02/china-consumption-or-investment/
Guess which political economic form can handle price deflation gracefully (hint, it’s not capitalism)