a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
Spindel  ·  3430 days ago  ·  link  ·    ·  parent  ·  post: China's Stock Market Crash, Explained

Soviet was a "communist" dictatorship, modern China is a ultra capitalistic dictatorship. That's the difference. Also USSR poured insane amounts of GDP into the military, where China doesn't (or I should say, as far as we know they don't).

China will prevail, may cause a lot of suffering for 10-100 millions but the new empire will most probably not fall.