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#china real estate crisis
jcmarketresearch · 5 months
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digitalguap · 8 months
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China's Actions Enrage the West: Why Sacrifice Our Economy?
I am deeply concerned about the actions of China that have recently sparked outrage in the Western world. As an avid observer of global affairs, I can’t help but question the motives behind these actions and reflect on the potential impact they could have on our own economy. In this blog post, I will delve into the reasons why sacrificing our economic interests for the sake of China’s agenda is a…
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reportwire · 2 years
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China property developer Sunac misses bond payment, says it will miss more
China property developer Sunac misses bond payment, says it will miss more
China property developer Sunac misses bond payment, says it will miss more | Fortune You need to enable JavaScript to view this site. Source link
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reasonsforhope · 4 months
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"During the global coronavirus pandemic, China built dozens of makeshift hospitals and state quarantine centers, some out of steel container boxes. They became closely associated with the anxiety of mass testing and the fear of sudden lockdowns.
Now, cities are turning the huge centers into affordable housing units for young workers in an attempt to revive the country's economy post-COVID...
Just over a year ago, these apartments were used very differently: for medical triage and quarantine facilities. Beijing alone built 23 of these makeshift facilities, designed to hold up to 23,000 people at a time.
"It was not very cold yet but they told me to pack my belongings," remembers Hudson Li, a Beijing resident who was quarantined in one of these facilities, called fangcang in Chinese, in October 2022...
Less than two months after Li was quarantined, Beijing lifted most of its COVID restrictions. Li says he still associates the fangcang with a feeling of helplessness and fear: "It has been over a year already, but I definitely have PTSD from the pandemic, from the fear of scarcity and having to stock up on a lot of medicine and food."
Attracting young tenants with low rents
Now the fangcang across the country are undergoing a minor transformation and turned into apartment units for young graduates like Li. The changes are an effort from local authorities, who have been tasked with restarting economic growth and supporting small businesses after nearly three years of ruinous lockdowns.
Populous cities like Beijing are also trying to bridge the housing affordability gap between high real estate prices and low salaries, on average, for young workers. In the northeast corner of the capital city, near its airport, one fangcang with more than 4,900 units has been rebranded the "Jinzhan Colorful Community" — a reference to the bright hues of paint — and now offers amenities like a canteen where residents can grab a cheap meal before or after work.
Another fangcang facility, in the northeastern city of Jinan, has been turned into 650 units for skilled workers inside an industrial park.
"Given that the current overall [COVID] epidemic situation in the country has entered a low level, revitalizing the fangcang for other housing purposes is worth learning and thinking about all over the country," Yan Yuejin, a housing analyst, told Chinese media.
The fangcang, once a symbol of containment, are now supposed to represent dynamism and growth.
"I have complex feelings about this. The facilities were built using public funds and not rented out transparently," Li says. "But I do have to say you will not get anything more affordable than these apartments. They are very price competitive."
A list of rental prices for a Beijing fangcang converted into apartments shows most rooms are Rmb1200 (USD $170) a month, low for Beijing."
-via NPR, December 9, 2023
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tomorrowusa · 8 months
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This video from Australia's public broadcaster ABC News does a better job at explaining China's current economic meltdown than anything else I've read or seen about it.
The root of the problem is China's previous one child policy which lasted for about three decades. Though other factors certainly contributed to it.
Indirectly the demographic situation in China raises some issues which deserve more attention.
The conventional wisdom is that population growth is necessary for a healthy economy. But when a country achieves a certain level of prosperity, the birthrate tends to level off.
So one question which economists should address with more urgency is: Can a country, or even the world, maintain prosperity with a largely constant population?
Obviously human population cannot grow endlessly, that certainly isn't great for the environment or the climate.
The old and endless arguments over capitalism and socialism are ultimately linked to the concept of unending population growth. Such talk needs to be supplanted by discussion and research on how to maintain prosperity in an environmentally friendly way for a consistent population level while respecting democratic norms.
That latter bit about democracy is vital – and not just for touchy-feely reasons. It was the autocratic Communist Party of China which implemented the heavy-handed one child policy and encouraged a culture of mendacity which led to the current crisis. Any system which does not respect democratic rights is doomed to failure in the long run.
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PROPS TO ABC AUSTRALIA: Just want to repeat my previous praise for ABC News Australia – the source of that excellent vid. The country punches above its weight with news and public affairs programming from its public broadcaster. It deserves a place on everybody's news menu. They have an app as well as a major presence on YouTube.
ABC News (Australian Broadcasting Corporation)
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binimom · 1 year
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China on the brink of recession?
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China's economic situation and challenges
Imagine a bustling, vibrant marketplace where the aroma of freshly cooked street food fills the air and the sound of vendors haggling over prices echoes through the streets. This is a snapshot of China's once thriving economy, but as the sun sets on this vibrant scene, a storm of economic decline looms.
China, the world's second largest economy, is currently facing a recession. The colorful dragon that once set world markets on fire is now gasping for air, struggling to stay afloat. With a real estate bubble ready to burst, a pandemic that refuses to loosen its grip, and a trade war with the United States that is hurting no one, China's economic future hangs in the balance.
Causes of China's economic slowdown
The causes of China's economic downturn can be summarized in three main ways
First, the real estate market crisis: Soaring real estate prices in China have made it difficult for the middle class to buy a home, reducing their purchasing power. This has put a significant strain on the country's economy, as the real estate sector plays an important role in growth. The unsustainable rise in housing prices has raised concerns about a potential bubble that could cause further damage to the economy if it bursts. Second, the impact of COVID-19: The COVID-19 pandemic has negatively impacted consumption in China. As people face lockdowns, job losses, and financial uncertainty, consumer spending has dropped. This drop in consumption has further slowed the economy, as it relies heavily on domestic and foreign consumer demand for Chinese goods and services. Third, the trade war with the US: The ongoing trade war between China and the US has also contributed to the economic slowdown. Both countries have imposed tariffs and restrictions on each other's goods, hurting Chinese exports and disrupting global supply chains. The conflict has reduced trade between the two countries, which negatively affects the Chinese economy as it relies heavily on exports for growth.
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chillyarticles94 · 2 years
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In China, home buyers occupy their 'rotting', unfinished properties
In China, home buyers occupy their ‘rotting’, unfinished properties
GUILIN: For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city’s clean air. Her living conditions, however, are far from those promised: unpainted walls, holes where electric sockets should be and no gas or running water. Every day she climbs…
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Yanis Varoufakis’s “Technofeudalism: What Killed Capitalism?”
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Monday (October 2), I'll be in Boise to host an event with VE Schwab. On October 7–8, I'm in Milan to keynote Wired Nextfest.
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Socialists have been hotly anticipating the end of capitalism since at least 1848, when Marx and Engels published The Communist Manifesto - but the Manifesto also reminds us that capitalism is only too happy to reinvent itself during its crises, coming back in new forms, over and over again:
https://www.nytimes.com/2022/10/31/books/review/a-spectre-haunting-china-mieville.html
Now, in Technofeudalism: What Killed Capitalism, Yanis Varoufakis - the "libertarian Marxist" former finance minister of Greece - makes an excellent case that capitalism died a decade ago, turning into a new form of feudalism: technofeudalism:
https://www.penguin.co.uk/books/451795/technofeudalism-by-varoufakis-yanis/9781847927279
To understand where Varoufakis is coming from, you need to go beyond the colloquial meanings of "capitalism" and "feudalism." Capitalism isn't just "a system where we buy and sell things." It's a system where capital rules the roost: the richest, most powerful people are those who coerce workers into using their capital (factories, tools, vehicles, etc) to create income in the form of profits.
By contrast, a feudal society is one organized around people who own things, charging others to use them to produce goods and services. In a feudal society, the most important form of income isn't profit, it's rent. To quote Varoufakis: "rent flows from privileged access to things in fixed supply" (land, fossil fuels, etc). Profit comes from "entrepreneurial people who have invested in things that wouldn't have otherwise existed."
This distinction is subtle, but important: "Profit is vulnerable to market competition, rent is not." If you have a coffee shop, then every other coffee shop that opens on your block is a competitive threat that could erode your margins. But if you own the building the coffee shop owner rents, then every other coffee shop that opens on the block raises the property values and the amount of rent you can charge.
The capitalist revolution - extolled and condemned in the Manifesto - was led by people who valorized profits as the heroic returns for making something new in this world, and who condemned rents as a parasitic drain on the true producers whose entrepreneurial spirits would enrich us all. The "free markets" extolled by Adam Smith weren't free from regulation - they were free from rents:
https://locusmag.com/2021/03/cory-doctorow-free-markets/
But rents, Varoufakis writes, "survived only parasitically on, and in the shadows of, profit." That is, rentiers (people whose wealth comes from rents) were a small rump of the economy, slightly suspect and on the periphery of any consideration of how to organize our society. But all that changed in 2008, when the world's central banks addressed the Great Financial Crisis by bailing out not just the banks, but the bankers, funneling trillions to the people whose reckless behavior brought the world to the brink of economic ruin.
Suddenly, these wealthy people, and their banks, experienced enormous wealth-gains without profits. Their businesses lost billions in profits (the cost of offering the business's products and services vastly exceeded the money people spent on those products and services). But the business still had billions more at the end of the year than they'd had at the start: billions in public money, funneled to them by central banks.
This kicked off the "everything rally" in which every kind of asset - real estate, art, stocks, bonds, even monkey JPEGs - ballooned in value. That's exactly what you'd expect from an economy where rents dominate over profits. Feudal rentiers don't need to invest to keep making money - remember, their wealth comes from owning things that other people invest in to make money.
Rents are not vulnerable to competition, so rentiers don't need to plow their rents into new technology to keep the money coming in. The capitalist that leases the oil field needs to invest in new pumps and refining to stay competitive with other oil companies. But the rentier of the oil field doesn't have to do anything: either the capitalist tenant will invest in more capital and make the field more valuable, or they will lose out to another capitalist who'll replace them. Either way, the rentier gets more rent.
So when capitalists get richer, they spend some of that money on new capital, but when rentiers get richer, them spend money on more assets they can rent to capitalists. The "everything rally" made all kinds of capital more valuable, and companies that were transitioning to a feudal footing turned around and handed that money to their investors in stock buybacks and dividends, rather than spending the money on R&D, or new plants, or new technology.
The tech companies, though, were the exception. They invested in "cloud capital" - the servers, lines, and services that everyone else would have to pay rent on in order to practice capitalism.
Think of Amazon: Varoufakis likens shopping on Amazon to visiting a bustling city center filled with shops run by independent capitalists. However, all of those capitalists are subservient to a feudal lord: Jeff Bezos, who takes 51 cents out of every dollar they bring in, and furthermore gets to decide which products they can sell and how those products must be displayed:
https://pluralistic.net/2022/11/28/enshittification/#relentless-payola
The postcapitalist, technofeudal world isn't a world without capitalism, then. It's a world where capitalists are subservient to feudalists ("cloudalists" in Varoufakis's thesis), as are the rest of us the cloud peons, from the social media users and performers who fill the technofuedalists' siloes with "content" to the regular users whose media diet is dictated by the cloudalists' recommendation systems:
https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys
A defining feature of cloudalism is the ability of the rentier lord to destroy any capitalist vassal's business with the click of a mouse. If Google kicks your business out of the search index, or if Facebook blocks your publication, or if Twitter shadowbans mentions of your product, or if Apple pulls your app from the store, you're toast.
Capitalists "still have the power to command labor from the majority who are reliant on wages," but they are still mere vassals to the cloudalists. Even the most energetic capitalist can't escape paying rent, thanks in large part to "IP," which I claim is best understood as "laws that let a company reach beyond its walls to dictate the conduct of competitors, critics and customers":
https://locusmag.com/2020/09/cory-doctorow-ip/
Varoufakis points to ways that the cloudalists can cement their gains: for example, "green" energy doesn't rely on land-leases (like fossil fuels), but it does rely on networked grids and data-protocols that can be loaded up with IP, either or both of which can be turned into chokepoints for feudal rent-extraction. To make things worse, Varoufakis argues that cloudalists won't be able to muster the degree of coordination and patience needed to actually resolve the climate emergency - they'll not only extract rent from every source of renewables, but they'll also silo them in ways that make them incapable of doing the things we need them to do.
Energy is just one of the technofeudal implications that Varoufakis explores in this book: there are also lengthy and fascinating sections on geopolitics, monetary policy, and the New Cold War. Technofeudalism - and the struggle to produce a dominant fiefdom - is a very useful lens for understanding US/Chinese tech wars.
Though Varoufakis is laying out a technical and even esoteric argument here, he takes great pains to make it accessible. The book is structured as a long open letter to his father, a chemical engineer and leftist who was a political prisoner during the fascist takeover of Greece. The framing device works very well, especially if you've read Talking To My Daughter About the Economy, Varoufakis's 2018 radical economics primer in the form of a letter to his young daughter:
https://us.macmillan.com/books/9780374538491/talkingtomydaughterabouttheeconomy
At the very end of the book, Varoufakis calls for "a cloud rebellion to overthrow technofeudalism." This section is very short - and short on details. That's not a knock against the book: there are plenty of very good books that consist primarily or entirely of analysis of the problems with a system, without having to lay out a detailed program for solving those problems.
But for what it's worth, I think there is a way to plan and execute a "cloud rebellion" - a way to use laws, technology, reverse-engineering and human rights frameworks to shatter the platforms and seize the means of computation. I lay out that program in The Internet Con: How the Seize the Means of Computation, a book I published with Verso Books a couple weeks ago:
https://www.versobooks.com/products/3035-the-internet-con
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/09/28/cloudalists/#cloud-capital
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digitalguap · 8 months
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Evergrande's Implosion: Debunking China's Impending Collapse
In this blog post, the focus will be on debunking China’s impending collapse through the lens of Evergrande’s implosion. The author delves into the factors contributing to the current situation, exploring the potential consequences and offering insights into the overall stability of the Chinese economy. By examining the challenges faced by one of China’s prominent real estate giants, this article…
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bootleg-nessie · 5 months
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Things that will happen in the future (based on my own experiences with time travel):
***FAQs at the end***
*All of these observations are copied directly from my notes in roughly the order I took them in
*Don’t ask about the interchanging use of past/present/future tense, you know how that stuff is with time travel
Women just started all growing three boobs instead of two. Scientists baffled
Genetically engineered catboys (no literally)
The great pyramid of Giza has been converted into a Bass Pro Shop
The entire state of Rhode Island was bought by some rich tech CEO who promptly dug a 500 foot wide trench around the entire state so that it could in fact be an island. It was soon converted into the world’s largest parking lot
Pollution has gotten so bad that fresh oxygen is now delivered straight to most homes via a subscription service
Basic necessities such as food, water, and housing are now provided for free by the government, but only for the top 1% of wealth holders
Insulin now costs twice as much as rent. “Get fucked,” say pharma companies
92.6% of new electronic appliances now have smartphone integration and require a monthly subscription to use
Most billionaires have real estate on earth’s moon
As an ongoing film experiment, Taika Waititi successfully convinced a Nebraska man that he’s been raptured and is now in heaven. He actually got Truman Show’d and now millions of viewers tune in every week to watch God (played by John DiMaggio) manipulate Robert into confronting his own views, battle cognitive dissonance, and face the realization that he might not have been as good of a person on Earth as he thought he was
Carrots have gone extinct, as have highland cows
Species of extinct animals and plants now are being posthumously renamed after the billionaires and elites most directly responsible for killing then off
Researchers discovered a sentient colony of fungus off the coast of Chile, it prefers to go by Fleebo and appears to have a incredibly complex intelligence far greater than any other observed organic being
Nobody knows where Ireland went. It literally just disappeared off the face of the earth one day and nobody bothered to question it. The story couldn’t compete in the news cycle with the recent news about a company in China that made the first real life pokemon. An entire civilization of people gone and I’m the only one who seems to remember it or even care
Fleebo and its offspring have annexed Madagascar and are threatening any retaliation with nuclear warfare and “making The Last of Us a reality.” Nobody knows if Fleebo actually has the capabilities to do this, but after the Lovecraft incident we’re all TOO goddam scared to fuck around and find out
Large snails have replaced cats and dogs as the most common household pet. Snail culture has largely taken over the world, especially Japan
The president of the United States is now decided with an oiled up twerking competition. Most people were hesitant at first but this has produced vastly more competent leaders so now everyone just kinda goes along with it
With the cost of living crisis only worsening with time, selling tattoo space on your body to advertisers has become common as people struggle to afford rent and pay their bills
North and South Korea have reunited into “Korea 2.0”
Germany has split up into East and West Germany again
Belgium and France have been annexed by West Germany and renamed “Wester Germany” and “Westest Germany” respectively
The entirety of Florida is now underwater. Most of Kansas is too for some reason that scientists refuse to explain because they’ve “sworn an oath to the eldritch gods” and that “much worse things would happen” if they did
The melting ice caps in Antarctica unveiled a lost civilization of intelligent creatures descended from a species of lungfish, predating human civilization by millions of years. They planned on hibernating for another 10-15 million years to observe the course of evolution on Earth and are very very angry at humans for waking them up prematurely and ruining all of that with global warming
The politically correct term for lungfish people is “Dipnoid” but most people refer to them by a variety of slurs, such as “finwalker” and “kelp muncher” (not that they even eat kelp)
The Great Pacific Garbage Patch has now increased to nearly half the size of what was formerly known as Canada and has been colonized entirely by pirates (the flag is actually pretty cool). The pirate nation has the 17th largest economy in the world and is projected to surpass the United States in GDP
Africa is about 2% smaller. Nobody knows why. Most people point to Fleebo, who denies having any involvement
All human-Dipnoid interaction was promptly banned by most world governments, except for the GPGPRP (Great Pacific Garbage Patch Republic of Pirates), whom the Dipnoids rely upon extensively for trade
Scientists have used DNA from fossils to recreate other species of humans. We now live alongside them like we did for thousands of years before everyone besides Homo sapiens went extinct. Racism is at an all time high
Class C and above robots are now legally recognized by most progressive countries as people
The United States government has been exposed for secretly funneling billions of dollars into the GPGPRP and using it to fund terrorist operations all over the world.
A new major religion revolving around Dave Grohl has skyrocketed in popularity. Grohilsm is now the world’s largest religion, second only to Fleeboism
Scientists discovered a new continent in the Pacific Ocean, and then promptly lost it again. Most people are convinced this was just an elaborate practical joke, but scientists “swear it definitely happened”
For a brief period of about 30 years, everything in George Orwell’s 1984 happened almost exactly as written in the book. Literally 1984
It was revealed that Jeff Epstein didn’t kill himself. He actually faked his death and spent the next few years in a drug-fueled episode of psychosis making sock puppets in a cave in Italy and then molesting said sock puppets until he died from a sock puppet related illness
Bigfoot was discovered off the coast of Georgia doing cocaine with a congregation of alligators. When questioned, he said he normally lives in Montana and was only there on vacation. He is now a celebrity, and has been featured in a number of tv shows and films, two of which he won an Oscar for. Last I checked, he was a washed up actor living in Hollywood with a reanimated Neanderthal woman
The GPGPRP raided most of England’s museums with the object of “doing exactly what they did for the last few centuries” England was understandably furious, but the rest of the world found it rather amusing
England declared war on the GPGPRP, which it promptly lost after hackers brought down the entire country’s military overnight. Much like in the 21st century, England is the world’s laughing stock
The entirety of Luxembourg relocated itself to the moon
Russia attempted to take over most of Eurasia. In retaliation to the full global effort to stop them, they launched nukes at the world’s 600 most populous cities outside of its current territory. Most of the warheads were stopped in time, but a few major metropolitan areas got hit pretty badly, including Los Angeles, Hong Kong, Chengdu, Mexico City, and Istanbul. Japan was understandably super pissed that Hiroshima and Nagasaki got nuked for a second time
In the wake of the nuclear holocaust, Canada assumed control over what was formerly Russia and assimilated many of its citizens and leaders into its own society and government. Under the new rule of formerly Russian leaders, Canada became a puppet state for the second coming of Russia. It annexed much of the United States, Mongolia, China, and a handful of other countries, becoming “the world’s first megacountry.” Crungolaska now controls a majority of the northern hemisphere
As part of a practical joke by Adam Sandler, Tom Hanks was actually marooned on a desert island like in Castaway. He lasted less than a week before he died. When I left this era of the future, Adam Sandler was serving a lifetime sentence in prison for murder
Fringe groups of crows with above-average intelligence have started popping up around the world. So far they have been observed forming small communities, crafting relatively complex tools, using rudimentary speech, performing rituals, and creating music
Aliens visited earth and had a formal meeting with many of our world leaders, but decided to leave us alone for a few thousand more years because humanity is “not yet mature enough to handle the responsibilities of interstellar travel.” They have incentivized us with a the blueprints for an Alcubierre Drive and a means to produce the exotic matter to fuel it once they deem us as being ready
The original colony of settlers on Mars has declared independence, officially becoming the first country not on Earth
We sent Tom Cruise back to space but this time we just left him there
The tether for the space elevator broke. The town known as Vatorville, famous for being the location of the takeoff point of the elevator shuttle on Earth, was completely decimated as tens of thousands of miles of steel cable came crashing back down. There were no survivors
Most people in first and second world countries have mandatory microchip implants that serve as a personal ID
Last Thursdayism has been largely denounced by quantum physicists. Current theories now revolve around “Next Thursdayism,” the belief that the entire universe was created in the future and that we all exist as a memory in the past
Synthetic organ farms for transplants and research have become a massive industry worth billions of dollars. However, there is still a huge black market for organically grown human organs, as they’re much cheaper to acquire and aren’t taxed at the exorbitant rates that lab-grown organs are
China dug a hole all the way to the center of the Earth. Turns out it’s hollow and there are people living inside. Who knew?
A university reconstructed the entire city of Rome as it was in its early days during the Roman Empire. It’s actually pretty historically accurate, except for the fact that there’s a lot less sex because it’s run by a bunch of sweaty history nerds
After Rome 2 resulted in the creation of a cult revolving around the Roman god of the dead that gained traction as a minor religion, Pluto was officially reinstated as a planet by NASA when cultists picketed their headquarters every day for nearly 3 years straight. “Fine, we’ll give these fucking virgins what they want so they’ll finally shut the hell up,” said NASA’s administrator in chief
In a display of the biotechnical prowess of Disney’s Imagineers, all the animatronics in Disney’s Hall of Presidents were replaced with clones of the originals, which went about exactly as well as you’d expect. After reports of the presidents hurling a series of racial slurs and other obscenities at the first black family to enter surfaced, the project was shut down almost immediately after it had opened. Minority admission to Magic Kingdom plummeted to 2.3% of its numbers from the previous year, making it the second whitest place on earth after a taylor swift concert
Plastic now makes up about 3% of every organism on earth by weight
Public officials are now required by law to take shrooms before running for office
Trees are considered a rare and highly sought after commodity, and are usually only owned by public institutions and the rich (the vast majority of oxygen farms use algae to produce oxygen)
FAQs:
FAQ: What time period(s) did you go to?
A: I have no fucking clue. The world stopped using the Gregorian calendar in 2063 after a gamma ray burst hit the sun. The GRB led to stellar ablation, which changed the length of a year on Earth. The sun would continue to lose mass at an accelerated rate for several more years, with the length of the year changing slightly from year to year. The world adopted a variety of different calendars which kept being updated frequently and were often super confusing and contradictory. I traveled to about a dozen different points in time, which based on my best estimates spanned within a few millennia of the current date.
FAQ: How did you obtain a time machine?
A: I think it was the 17th or 18th of June, 2055? That night, a large sci-fi looking box thingy roughly the size of a VW Bus appeared a few hundred yards away in the open field in front of my house. I tried to take a picture of the box, but for some reason the closer I got, the more the image on my camera started to become fuzzy, and by the time I got close enough to take a decent picture, the camera had stopped working altogether. I pulled open a door to reveal a corpse inside that was charred beyond recognition, who appeared to have suffocated and/or burned to death during a fire that damaged most of the interior. I also noticed a number of strange tumors and growths on the body. I pressed a random button on the remains of what I believed to be a control panel, expecting nothing to happen, but the door closed automatically and I suddenly lost consciousness. When I came to, I exited the box, expecting to still be in the field in front of my house, but instead found myself a ways outside of a small snowy village that based on my best estimates, was somewhere in northern Asia around 2-3 thousand years ago. The villagers started coming after me with spears, so I quickly ran back to the box and pressed another button, hoping it would return me to from whence I came. This time, the people I found (who were thankfully much nicer and spoke a dialect of English that I could mostly understand) told me that it was the year 506 of the PGRB-Δ4 calendar (the calendar that the United Territories was using at the time). I repeated this maybe a dozen more times trying to get home until I landed in 2023, which as far as I could tell, was the closest I had gotten back to my original time so far. It was at this point that I decided to stay and seek medical attention, as I was rather concerned about some nasty new growths on my arms and legs similar to that which I had seen on the corpse.
FAQ: Where is the time machine now?
A: No idea. It disappeared a few days after I landed in 2023. My best guess is that some poor sap found it and ended up sometime else.
(I never ask for likes/reblogs but I literally spent fucking WEEKS on this one so if you liked it pls show me some love <3)
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yourtongzhihazel · 1 month
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Three pointers. The first is the nature of China's economy. The second is the framing of economic news on China. The final is the consequences of the dashing of political-economy into its constituent peices, specifically economics.
The PRC is a DOTP with a mixed planned and market economy. In the PRC, the state has final say on the matters of economy. As such, the foundational assumptions of bourgeois economics (e.g. invisible hand, anarchy of the market, etc.) do not apply to the same degree as it does in DOTB capitalist economies. The PRC has armies of technicians, economists, engineers, scientists, logisticians, programmers, etc. , etc. which meticulously plan and then fine tune the economy in order to achieve their desired outcome. Markets exist at the whims of the state. For example, real estate, which forms one foundational pillar in western economies, is being wiped out by state intervention as a market. It is being "reduced" merely to its use value, rather than a commodity for trading, speculation, and investment.
Western journals exist as an arm of the bourgeoisie whose goal is to construct and maintain capitalist superstructure; they have a strong bourgeois class character. Thus, the reporting of a DOTP mixed economy is framed with the language and ideas of the bourgeoisie. In this case, reuters sees falling commodity prices as a deflation crisis driven by the abarchy of the market, ignoring the fact that the manipulation of the market in such a way is intended as a part of the "common prosperity" goal.
Michael Parenti calls bourgeois economists the "high pirests of capitalism". Why? DOTB economies have been based largely on finance and debt for decades now; significantly removed from the material reality of the world. As such, bourgeois economics have also been shaped and curtailed to this reality. As such, economic theories are also removed from material reality. In effect, they run explantions for the effects of capitalism which only reinforce capitalist superstructure. Explanations which are as supernatural as that of a priest. Thus, bourgeois economics, which may explain the largely abstract mechanisms of a finance capital and debt based economic system, run into significant difficulties explaining the actions of a fundamentally material economic system.
SN:AZ40
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pattern-recognition · 7 months
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re:the brutalism post, what do you mean when you say "the landscape" of the US? My interpretation is that you're talking in terms of literal landmass and how populations are dispersed, so I'm confused about why that'd present a more significant barrier to successful socialist organizing in the US than it did in other, larger countries like China or Russia that have seen successful large-scale socialist/communist movements. I don't mean this as a gotcha - I really don't feel that I'm educated enough to know why it might be notably different in the US.
Where i was going with that post before it evolved into a discourse about brutalism, which i never really intended, was towards the atomization of American social life. More so than any aesthetics of architecture form and what they mean, I was motioning towards the ways in which the built landscape in the US is specifically designed to isolate people, dehumanize them, and make living as hard as possible for people without the privileges of wealth. The most obvious example is the homelessness crisis and car based infrastructure. it’s true that there are more empty homes in the US than there are homeless people, but even then those homes are of the most deleterious type, even compared to other capitalist nations like Francs, Britain, etc. American zoning laws, in most cities, eschew affordable high-rise apartment buildings for single family, two story at most, housing that forces people into having a vested interest, wether they like it or not, in capitalist real-estate speculation through mortgages and whatnot. The phenomenon of suburbia in the United Stated was specifically an anti-communist one and heavily parallels the Wehrbauer system in Nazi Germany. The latter, should it have come to fruition fallowing Gerneralplan Ost (the mass genocide of all eastern european peoples and subsequent resettlement of eastern europe by Germanic colonizers) would have been structured around a system of semi self reliant small business owners and peasants (and I use this word in the Marxian sense, as in small land owners in control of their own means of production) who would act as a bulwark against both physical reprisals by freedom fighters (the Wehrbauers were intended to be heavily armed) as well as an ideological one because communities where everyone is a petit bourgeois would be resistant to Marxist agitation. The parallels to contemporary American suburbs, as well as the settlement and colonization of the west through manifest destiny, should be obvious.
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Israel is the low-hanging fruit Human Rights Organizations pick on for validation.
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Remember these organizations operate on donations. If you were attempting to maximize donations, which topic would you discuss?
(A) The Uyghur concentration camps in China
(B) The genocide and ethnic cleansing in Sudan
(C) The genocide and ethnic cleansing in Myanmar
(D) One of the worst humanitarian crisis ongoing in Yemen
(E) The terrible human rights violations in Iran
(F) Pakistan expelling two million refugees
(G) Russia's war crimes and massacres in Ukraine
(H) The war in Gaza launched by Hamas
Obviously, the answer is G, as evident by the mind-boggling amount of attention the conflict receives. The popularity of the Israel-Palestine conflict pales in comparison to other global major events and Human Right Organizations know it.
For The Red Cross, Amnesty International and Human Rights Watch It is much more profitable, popular and safer to criticize Israel than Russia, Iran, Sudan, China, Pakistan, Myanmar, Nigeria, Yemen, Syria, Lebanon, etc.
Let's summarize:
The ICRC (International Committee of the Red Cross) has made 6 times more statements to criticize Israel and has often resorted to hyperbole to cast Israel as a “limitless” destroyer to evoke sympathy for one side and demonize Israel. No statement was made speaking directly about the massacre of October 7th. Beyond language, only 2 statements condemning Hamas include videos and pictures while 38 tweets condemning Israel contain images, graphic testimonies, and videos designed to solicit greater attention and a stronger response. Through their Twitter, it is evident that the ICRC has dedicated large amounts of resources to interviewing doctors and victims in Gaza, to editing infographics and videos, and to appearing on the news to talk about the devastation in Gaza. Comparatively little to no attention was paid to Israeli victims.
Human Rights WatcH (HRW) - Is obsessed with criticizing Israel in the conflict and has been called out by their own founder for abandoning their mission and focusing on scrutinizing Israel. HRW disproportionately focuses on condemnations of Israel and that publications related to Israel often lack credibility. HRW also promotes an agenda based solely on the Palestinian narrative of victimization and Israeli aggression.
Amnesty International - Disproportionately singles out Israel for condemnation, focusing solely on the conflict with the Palestinians, misrepresenting the complexity of the conflict, and ignoring more severe human rights violations in the region. In October 2023, in the aftermath of the brutal Hamas attack on October 7, Amnesty emphasized “the root causes” of the conflict, in particular “Israel’s system of apartheid imposed on all Palestinians.” Amnesty does not identify “root causes” on the part of any other actor, including Palestinians and terror groups.
I will reiterate- these organizations follow the wishes of their donors and while their funding isn't fully transparent here are some notable moments:
• In November 2023, MEMRI leaked a document detailing a €3 million donation in 2018 to HRW from Qatar.
• In February 2020, it was revealed that HRW's Executive Director Ken Roth accepted a donation in 2012 from a Saudi real estate tycoon for $470,000 “promising not to support advocacy of the LGBT community in the Middle East and North Africa.”
• In December 2013, Amnesty International admitted to working with the Alkarama foundation, whose Qatari co-founder has been accused of financing Al Qaeda and its affiliates.
• In February 2021, Indian officials accused Amnesty International India of money laundering.
Recommended further reading:
For those complaining I'm relying on UNWatch and NGO-Monitor: Every word is backed by a source which you are encouraged to verify yourself. Anyone refusing to accept factual data because of their cognitive bias should not be discussing this topic in the first place.
Today is the 187 day since Hamas abducted men, women, elders and children from their homes. 133 of them are still in captivity. Ceasefire will only come when Hamas surrenders and releases the hostages.
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argumate · 8 months
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If you are committed to a structural interpretation, you could, of course, insist that Beijing’s propensity to make such misjudgments reflects the increasingly enclosed system of power around Xi, the lack of good advice etc. It is easy to imagine better policies with more perfect timing. But, if we say that it is authoritarianism that explains clumsy policy on the part of Beijing since 2020, what counterfactual are we invoking? How many governments around the world - democratic, populist or authoritarian - actually have much to be proud of in their COVID response? And consider the unprecedented scale of China’s growth boom since the late 1990s. In light of the track-record of economic policy-makers in Japan, Europe and the US, faced with much smaller real estate booms, why would we jump to the conclusion that China’s main problem is its authoritarianism?
This is not to say that the authoritarian tendencies of Xi’s regime are not oppressive and discouraging to private initiative. This is not to say that the lopsided investment-heavy growth model that China has hitherto pursued is sustainable. But China’s current crisis cannot be understood unless we also allow for the role of overconfidence, risk-taking and, possibly, miscalculation on the part of a regime facing an unprecedented array of challenges.
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loneberry · 8 months
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The new route Russia is using to export its oil to China. Unfortunately global warming and the melting of the icecaps only benefits Russia geopolitically. What’s the big deal? you might wonder. A 10-day reduction in transport time is huge when it comes to the velocity of capital. Power accrues to the nations that control key maritime trade routes.
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Between climate change and the new Cold War, the future doesn’t look pretty. China’s economy is imploding thanks to their reliance on a debt-fueled real estate bonanza, their misguided zero COVID policy, and Xi Jinping’s head-scratchingly bad policies (and of course, his consolidation of power). Siding with Russia was a huge mistake… Now China’s biggest export markets are trying to decouple or at least diversify away from them. Youth unemployment is so bad in China (21%, but possibly significantly higher) that the government has decided to stop publishing such data. The Philippines and Vietnam are pivoting toward the US. South Korea and Japan are putting their long, historical feud aside to join forces against China. Japanese military neutrality is over. Meanwhile a tiny island called Taiwan makes over 92% of the world’s advanced semiconductors and will likely be invaded in our lifetime. Will an (economically) weakened China make it more or less likely that Xi will invade Taiwan? (Strongmen facing a domestic crisis and loss of popular support do often start wars as a kind of “gamble for resurrection,” but Xi might have become more risk adverse as he observes Russia’s debacle in Ukraine. Plus, an amphibious invasion is logistically extremely difficult to pull off.)
Defense spending worldwide is skyrocketing, climbing back toward Cold War levels. The lines on the map are hardening, particularly in the Asian/Pacific theater and the European theater. A nuclear trifecta of Russia-China-North Korea is emerging. Yes, it is a marriage of convenience, but quite a dangerous one given that Russia will likely transfer technology (specifically, platforms to deliver nuclear warheads) to North Korea in exchange for Soviet-compatible ammunition/arms to use in Ukraine. I hate feeling like the world is a frog getting boiled but as I finish this 26-part BBC documentary on World War I, I can’t help but feel that the geopolitical situation is very unstable.
Oh, the madness of nation states! Wake me up when it’s over.
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eelhound · 1 year
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"[Van] Jackson 
Since the 1970s, America had repeated military buildups in response to perceived threats. Whether it’s the Soviet military buildup, or the War on Terror, there have been multiple periods where we do these large-scale buildups. This is why America’s military is so ginormous. We have done that under conditions where we don’t raise taxes in four different instances since the 1970s, and because we don’t raise taxes and spend so much on the military, we have to bring in large amounts of foreign capital to finance it. And so, you create global imbalances when you’re the giant sucking machine sucking foreign capital into your economy.
The result of that is not just global imbalances, which produce things like the Asian financial crisis, but it also produces imbalances in our own economy, too. It creates real estate bubbles. So, this is a giant volatility machine to the global economic order and the financial pipes that bring the capital to us. We know it’s a giant volatility machine. It’s driven by high risk financial instruments and speculation, and all of this is pretty destabilizing, in a financial and creating bubbles sense, but it also creates a system where all of these developing economies in Asia have to suppress labor rights to be competitive in the export market because their models of development rely on exports. This system that we perpetuate in the name of supporting military primacy, and military primacy is supposed to in turn support the system, prevents domestic redistribution and balanced capital labor relations in these other Asian economies and countries.
And so, not only are we creating conditions where labor rights get repressed, and imbalances in other countries, it creates systems of kleptocracy and oligarchy, which is rampant in Asia — not everywhere, but it’s pretty prominent. It’s structural violence, and structural violence is what gives way to greater political insecurity, and makes countries need Chinese capital. Chinese capital spreading around Asia is one of the things American foreign policy is so worried about, but we’re creating conditions that we don’t like, and then we do things that worsen those conditions.
[Nathan J.] Robinson 
Yes, it seems ultimately kind of self-defeating, even though we might say that what lies beneath the rhetoric of freedom and openness is the desire to pursue dominance and hegemony, or what the U.S. would call 'U.S. interests.' Ultimately, I think one of the conclusions of your work is that our current approach is not actually leading towards a world where the United States gets everything it wants, but, in fact, is putting not only other people but also ourselves in quite a bit of danger. 
Jackson 
Yes, the thing that Washington has to wake up to, and that I’m worried that it will not because it has incentives not to, is that the requirements of peace and primacy are deeply at odds with each other. Peace requires a certain degree of economic interdependence, regional cohesion, inclusivity in various ways, and above all, military restraint. Primacy requires the opposite of all of that. It requires the formation of rivalry and geoeconomic blocs. It requires containment against your rising rival, arms racing, and weapons proliferation.
It’s patently obvious that by pursuing primacy, we’re making ourselves the enemy of what remains of the Asian peace. It’s that insistence on primacy, coated rhetorically as openness, that is undermining the sources of the Asian peace. The preservation of stability the past 44 years is something that we somewhat take for granted in Washington, and we shouldn’t because it’s eroding rapidly, and Trump was simply a very vibrant data point along a larger trend line. And so, we’re not on a good track."
- Van Jackson being interviewed by Nathan J. Robinson, from "Why This Foreign Policy Expert Thinks Americans Dangerously Misunderstand China." Current Affairs, 16 May 2023.
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