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135 sats \ 9 replies \ @OT 4 Apr \ on: When 500 million Chinese change their spending habits, the world feels it econ
I think 4.5% growth is still good compared with the rest of the world. The 2021 stat of 8.4% might have been a bit cherry picked as it was off the COVID bounce.
Interesting to see how it plays out. Zeihan still things China will collapse.
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25 sats \ 8 replies \ @south_korea_ln OP 4 Apr
I wonder what he considers a collapse... Like a recession? Or worse? Plebs rebelling?
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0 sats \ 7 replies \ @OT 4 Apr
Demographics. He's been saying it for years BTW
I think he's a bit over confident on everything he says. Not sure if you remember his Rogan interview where he said Bitcoin would go negative. Lol
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162 sats \ 3 replies \ @nkmg1c_ventures 4 Apr
China is also full steam ahead on AI and bioinformatics, so they will likely aim to replace the existing workforce with AI and highly specialized people
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10 sats \ 2 replies \ @OT 4 Apr
I did listen to his book The End of the World is Just the Begining and I remember he addressed this claim. If I remember correct he said something like it's too little too late.
The book was written before the recent LLM boom. But even if we get amazing AI tech that can do most of our current jobs, what are all the people going to do with themselves? They love making money! It's often put as a higher priority than the family.
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10 sats \ 1 reply \ @nkmg1c_ventures 4 Apr
This sounds glib, but they will do what they must. They will adjust to a new way of life where people are likely devalued. Neo-feudalism is emerging everywhere it seems
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10 sats \ 0 replies \ @OT 4 Apr
Right, we'll have to wait and see. I can't really see China collapsing TBH. It might end up looking like Japan's death by 1000 cuts, or they could turn it around and be the superpower many think it will become.
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0 sats \ 1 reply \ @nkmg1c_ventures 4 Apr
Here's a counter view
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10 sats \ 0 replies \ @OT 4 Apr
Yeah, because of his over confident call on Bitcoin you can't really take him too seriously. You know how traders talk when the analyse a chart? They usually don't commit too far to either end. Zeihan talks in absolutes and I think it's not a good strategy.
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0 sats \ 0 replies \ @south_korea_ln OP 4 Apr
Ah a Youtube Doomsday Prophet :) that's a popular niche these days...
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