Property developer and CEO Tim Gurner: “We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around.”
Was that enough to turn the country into a net importer? I thought the general mismanagement was the bigger problem.
General mismanagement? They went from a feudal dirt based monarchy to the first spacefairing civilization in a lifetime. Their management was far better than ours. We just had a head start and the power to do more evil.
And yet China managed to survive. Of course there are external factors but it’s important to know which internal decisions could have led to success.
Processors, internet, renewable energy, etc. Maybe winning the space race prevented success in other areas?
Stalin should not have stopped till the sea. China is willing to do what it takes to win. They have cut deals with evil countries to get resources to allow them to become the next hegemony. The US might never have stayed on top for quite some time if China had not seized the means of production
