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25-2-14 AI chip war could destroy the global economy | Chris Miller | Big > .
Sunday, February 9, 2025
Tensions, Conflicts, Folly 2025
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Baltic-Carpathian Alliance (Intermarium 2.0)
25-1-3 Battles Ahead: The World at War in 2025 - Warfronts > .
24-12-31 [Global] The Evil Rise of War in 2024 - T&P > . skip > .
Tactical Lessons R-U
Tribalist Dysfunction
USA
West
24-12-21 National Security: US Views on R-U, Xina, Iran, etc - Preston > .
> Yemen >>24-12-21 National Security: US Views on R-U, Xina, Iran, etc - Preston > .
24-11-14 Yemen's Decade of Crisis - Waro > .
⇒ 2025 ..
Trade & Skill Wars 2025
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23-7-30 Skills Wars Are the New Trade Wars - EcEx > .Trade Logistics, Shipping
25-1-21 Report: X's Dominance of Maritime, Logistics & Shipbuilding Sectors - Sal > .
⇒ 2025 ..
Xina's EV wars
Saturday, February 8, 2025
Thursday, February 6, 2025
Xitonomics 2025
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24-11-14 [Xitonomic Implosion - Xi's Tofu-Dreg Xina Xitting Wall] - gtbt > . skip > .25-1-18 TikTok Is Banned - Legal Eagle > .
25-1-18 [SCOTUS upholds TikTok Ban] - Update > .
> HuángXi >>25-2-7 [Xi's ignorant misunderstanding of investment in innovation] - Digging > .
25-1-22 4 signs of internal struggles costing the Xi dearly - Lei > .
25-1-11 Xina Bonds Crash as Investors Jump Ship | US-Xina AI Race - Update > .
25-1-10 [Pettis on Necessary-but-Unlikely Redistribution of Income] - Update > .
25-1-10 [Pettis on Necessary-but-Unlikely Redistribution of Income] - Update > .
[The Wire China - Barry Naughton on the state of the Xi Jinping Economy]
Comment (edited)
Officially the GDP has doubled since 2014. From what I and my friends see:
Infrastructure
Officially the GDP has doubled since 2014. From what I and my friends see:
- - Productivity growth in MOST sectors is pretty low since 2014.
- - Innovation in the service sector is limited to low productivity services like delivery services (yes they are backed by high productivity digital services but that a small GDP contribution).
- - Xi Jinping cracked down or discauraged many innovative sectors because they didn'T fit his vision.
- - Money was funneled into whatever he liked. A LOT of infra and housing - but also SELECT high tech sectors, which he pampered with ridiculous amounts of money.
- - A lot of money went into foreign investment, which was mostly unprofitable. But this has been scaled down a lot already.
- - In the "focus industries" (but also in general) the internal competition is so bad that nobody makes a profit, everybody is just betting to come out on top in the end.
- - For workers, even the highly qualified ones, this competition is pure hell. Quality of life is miserable. not in material terms, but psychologically, school pressure, work pressure, "get married and make children" pressure ...
I see many many similarities to Japan in the 80s. Just on steroids. And we all know how this ended. BTW, I also speak Japanese and know the country well. Don't believe the conspiracies. The Japanese economy was a bubble in the 80s and everybody knew it.
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igitur quī dēsīderat pācem praeparet bellum therefore, he who desires peace, let him prepare for war sī vīs pācem, parā bellum if you wan...
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