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2026-06-05 06:29:51 UTC
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satoshi jr on Nostr: OK all of Chinas communist policies existed during Mao. What happened? What did ...

OK all of Chinas communist policies existed during Mao. What happened?
What did xijing ping do?

Is chinas growth perfect? No
Is it at least partly a debt driven frenzy that probably doesn't have all future pain priced in yet? Probably

If you wanna say America failed due to capitalism its true that they chose a monetary system that left them open to being competed away by China.
Its also got huge social payment expenditures, with more off book liabilities

Open markets relentlessly punish mistakes like this.