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135 sats \ 9 replies \ @OT 22h \ 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.
I wonder what he considers a collapse... Like a recession? Or worse? Plebs rebelling?
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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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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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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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Here's a counter view
Ah a Youtube Doomsday Prophet :) that's a popular niche these days...
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