this post was submitted on 27 Dec 2025
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Sino
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Either misinformed or deliberate propoganda lol.
Esp love throwing in "socialized losses" in typical fedboi fashion.
It’s simply how the economy works.
I’ve said many times that the easiest way out of this is for the government to run the deficit spending to provide job guarantee and social welfare, but since the party does not believe in welfare (they believe that welfare promotes laziness) and instead believe in the IMF neoliberal model of balancing the books (i.e. keeping the deficit spending low), this is actually one of the optimal ways it can work given the self-imposed constraints.
As I said, a lot of similarities with how the Japanese handled their growth stagnation - sacrificing youth employment to preserve the existing employees and the corporations that have made bad investments. Hence the high youth unemployment in China right now. None of this is a coincidence once you understand how the economy works.
Lower stage of socialism. Read state and revolution buddy.
The Chinese liberal obsession with Japan, an economically, politically, and culturally irrelevant vassal state of the US, never ceases to agitate me. You want keynesian stimulus, the very same thing which created America's financialized economy with no real productive capacity. Providing young people with do nothing jobs in the city doesn't fix anything material, it just makes line go up.