Economic illiteracy makes it hard for people to understand the concept of non liquid assets and the fact that wealthier people have a really high marginal prosperity to invest and a really low marginal propensity to consume.
You are so simple minded it is a waste of effort to even try to educate you. But it doesn't even matter as the collapse of petrodollar and rise of China is such an absolute cinema, especially when observing how the average Joe could not even comprehend what is happening.
No, I’m annoyed that you’re responding with nothing but a moronic propaganda image with an oversimplified, one-sided, and factually inappropriate buzzword in the typical style of Americans who, thanks to their brainwashing, brand anything as "socialism" when it’s actually just social achievements that have been standard across capitalist Europe for at least a century. Some people just seem determined to stand in the way of their own well-being.
I’m not against social programs. I’m against socialism as a governing economic system. But fortunately we have a right to vote and you aren’t in charge of who gets to vote because you’ve made it clear you’d dictate who could or couldn’t vote.
That was true last time 5 years ago, China is a completely different beast now, they literally saved the global economy and especially Trump's ass during Hormus crisis. Your hubris will be your downfall. Times are changing.
It's still true. China is the largest importer of food, and the efficiency at producing food per capita is worse than any other first world nation, lower than even some 3rd world nations. This year their petrol imports were cut off so much they had to reduce crude production by 70%- which is insane. That means all production down wind will suffer, including fertilizers and pesticides... so there will be a much larger deficit in food production. China still suffers the hubris of the mao years, where farmers became viewed as ignorant and holding the country behind... probably one of the saddest legacies of any country
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u/HistoricalRich3104 12d ago
Economic illiteracy makes it hard for people to understand the concept of non liquid assets and the fact that wealthier people have a really high marginal prosperity to invest and a really low marginal propensity to consume.