What a wonderful video, the incredulity of the host the calm of the guy being interviewed, and the takeaway message we fucked up betting against what China warned us they were going to do.
The fact that China literally publishes five year plans saying exactly what they intend to do while the west acts as if China is inscrutable will never stop being hilarious.
They can’t process that a long term plan is not a lie to calm the population until they forget about it and you propose increasingly less good long term plans, and are actually the plan the government is implementating
It’s what happens when you start guzzling your own propaganda kool-aid. Western leadership convinced itself that China is a Potemkin village.
Western company managers can see forward about 6 months. I see it everyday on the coal face.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they’ll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.
