China’s rise was built on unstoppable efficiency — factories that never slept, prices that always fell, and a government willing to bet everything on growth. But that machine is now devouring itself. In this episode, we uncover how China’s relentless price war has trapped its own economy — with collapsing profits, stagnant wages, and entire industries racing to the bottom. This is the hidden cost of “Made in China”: when things get too cheap to survive.
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42 sats \ 3 replies \ @Undisciplined 14h
I don't think it makes sense to refer to heavily subsidized output as "efficient". There's an enormous deadweight loss as resources are taken from what would be more valuable uses and put towards politically chosen ones.
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84 sats \ 2 replies \ @SimpleStacker 14h
I do wonder what the implications are if this wasteful spending still results in massive capital investment which later on gives wartime production advantages
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42 sats \ 0 replies \ @OT OP 14h
Also all that excess energy.... I think stackers know a good place for it!
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0 sats \ 0 replies \ @Undisciplined 14h
Probably that they'll be more willing than they historically have been to wage big stupid wars like America does.
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42 sats \ 3 replies \ @e3e61c6fff 12h
Those people and countries advocating globalization are all fools and idiots. It should be known that food and industry must be kept in your own hands.
There is a story in China from 2,800 years ago. A small country, in order to defeat a powerful country, bought the furs of the powerful country at high prices every year, causing the powerful country to no longer focus on agriculture but instead raise deer. A few years later, the powerful country's food reserves were depleted, and the powerful country was destroyed.
It must be said that, except for China, other countries are very foolish.
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50 sats \ 2 replies \ @nkmg1c_ventures 10h
Doesn’t China import major foodstuffs from other countries?
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25 sats \ 0 replies \ @OT OP 10h
Yes. They're a net importer of food
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15 sats \ 0 replies \ @e3e61c6fff 9h
Yes, China imports a large amount of grain from other countries. Therefore, if China stops importing, American grain would rot in the fields, causing great difficulties for American farmers. This is happening.
However, China does not lack food and money.If you rely on China to import your food, you will have to kneel and beg China.
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42 sats \ 0 replies \ @brentkearney 13h
Interesting. The CCP is very patient, and doesn't mind their people suffering in the short term. Their strategy is to flood global markets with goods so cheap that no one else can compete, then they have control over supply chains. An enormous amount of leverage. War with them is not really possible beyond short skirmish, because they make the screws (and manufactured advanced technology) that holds everything together. Not to mention rare earth metals, medical supplies and drugs, and countless other items. Which was the idea, once upon a time -- peace through trade. Lift everyone up out of poverty with global free markets. Now, with China's support of Russia's war, we see starkly the peril that we've put ourselves in, and are rushing to rectify the imbalance. It can only be rushed so much though, and we have a profound lack of technical expertise in the manufacturing sector. Chinese tooling experts could probably command salaries as high as top-tier A.I. researchers right now, if they sought to defect...
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0 sats \ 0 replies \ @OT OP 15h
@Solomonsatoshi Anything new to add?
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