I was born in the West and have been living in Hong Kong for 40 years. The first time I visited Mainland China was in 1988 and have done so every year since, except for during the pandemic. I have seen the miracle and it never ceases to amaze me. It amuses me to read the things prople say about China who have never been there. Professor Wolf’s analysis is spot on and one of the best I have ever heard.
@druidceltic777
3 күн бұрын
people are ignorant ,ill informed mind controlled and propagandized and the best part ...most dont even know it . i find a certain black poetry in that ...i agree with you ,,,aware awake sinse 2009 when i turned off the tell a lie vision ( television mainstream)
@keyisersoze
3 күн бұрын
Sovereign money.
@blinoldluv
3 күн бұрын
I totally agree with you. US spends $ 1.6 billion to spread lies about China.
@kamenrider-vi6ws
3 күн бұрын
Support from HK❤
@user-pn4ew7yp8u
3 күн бұрын
Hongkong amaze us too. From mainland China. The reason why America may lose in automobile in nowadays similar to the situation they lose to the Germany and Japanese in the last century,the American automobile is never the invincible.
@SilverFox-p8h
4 күн бұрын
Americans are so lucky, they for times since unknown, they don’t suffer wars from another country, yet they go around inflicting wars on so many.
@TacticalMayo
4 күн бұрын
No, not true. But this will be the last one.
@jermainemyrn19
4 күн бұрын
The American people have always been at war with their own country.
@erwinlee2842
4 күн бұрын
@@TacticalMayoUS addicted to wars
@user-fs9yv4hl5f
4 күн бұрын
@@TacticalMayo I believe the statement “SilverFox-p8h made is true. There has only been one war by another country in America. America fought the British on American soil for independence. That’s really the only “true” war fought on American soil. The Civil War needed to be fought. Slavery is wrong. The Mexican-American War was a land grab to steal territory that belonged to Mexico before the arrival of Europeans. The all out war on Native Americans to steal their land should also be included in this conversation. Now, look at the countries worldwide that America has invaded. And… once they invade your country a Military Base will remain there permanently…
@LelandFikes
4 күн бұрын
Hey if your good at it and it produces fear, why not.
@ambconstrucao3770
4 күн бұрын
The Chinese are disciplined, hardworking, goal driven people.
@mijmijrm
4 күн бұрын
.. and Chinese have experience of struggling through tough times - and know the difference between physical reality and illusion. USA has a sense of entitlement.
@ericaddis7414
4 күн бұрын
Yes, and they are thieves. They stole technology from the US.
@psxtuneservice
4 күн бұрын
@@mijmijrmand the spoild young kids are more lazy and overweight, and the government notice it and try to counter it.
@LuIsSaNcHeZ510
4 күн бұрын
Commie Bots 🤖
@ABCXYZ-jk8me
4 күн бұрын
COMMUNISM IS GODLESS
@XZSBA
Күн бұрын
China spending in tech.and USA spending in propoganda.
@KC-lc8dx
4 күн бұрын
I can't even believe that you're even questioning this, just spent a week in California, note I lived there for years, filthy airports and public services, clearly in decline
@fmilan1
4 күн бұрын
It’s good that US is decentralized and people in other states are just going to pick CA, NY and other dem states apart
@zylbygdfn6542
4 күн бұрын
Yep it’s just sad
@mutantryeff
3 күн бұрын
CACAfornia - the only State with a Communist Red Star on their State Flag
@mutantryeff
3 күн бұрын
California is the only State with a Communist Red Star on their flag.
@mutantryeff
3 күн бұрын
California has a Comm U Nist Red Star on the their Flag
@asetiawan73
4 күн бұрын
As an indonesian 1st time visited USA in 1989 still in high school and think wow a great and advanced country, on the flight back home stop over in Hk and cross to china and see it as a poor country. Second time 2005 when to china on trade mission and I saw the economics boom changing shenzhen. Since then travel regularly to china, fast forward to 2022 the last time visited usa i can see which country is in decline and which winning
@TacticalMayo
4 күн бұрын
USA 🇺🇸 USA 🇺🇸 USA 🇺🇸
@PeterLamin-pi6rv
3 күн бұрын
@@TacticalMayoUSA is down the drain led by the uniwarparty, and MNCs, mic, gender politics 💀🙃🤣🤣
@jac8086
3 күн бұрын
@@TacticalMayocant wake you if you put your head in the sand
@cathyburkart9395
3 күн бұрын
Your last sentence is very true.
@kennedy6618
3 күн бұрын
@@TacticalMayo, I feel sorry for you!😂
@AnnieT369
4 күн бұрын
They are lunatics in Washington.
@whydotheathensrage
3 күн бұрын
to say the least
@leesarson2853
3 күн бұрын
Not just in Washington, any American who thinks the population should be able to buy assault rifles is a lunatic. When was the last school shooting in China ?
@KenJackson_US
3 күн бұрын
That's exactly why we need to elect President Trump.
@cheungchingtong
3 күн бұрын
No, they are not, they are smart elite, they just couldn't care less about the average people, not even the millionaires, unless you are one of the billionaires.
@lordhe11iaon95
3 күн бұрын
@@KenJackson_UStrump is one of them fool he’s no better he’s serves the the same system
@LL-rm8xt
3 күн бұрын
Jay, correction, century of humiliation was NOT caused by civil war in China, the civil war was a result of the century of humiliation. Century of humiliation was caused by the UK, France, Japan, US, etc trying to carve up China, look up the opium wars. Not sure if you were being disingenuous or just misinformed
@junizhao
2 күн бұрын
More likely he didn’t do enough reading
@_Wai_Wai_
3 күн бұрын
China in the early to mid 1800s was a large populated empire with around 400 million people and an economy around 25% of global gdp. Chinese silk, tea and porcelain were luxury goods that Europeans all wanted. European trade with China was pretty much a one way street, until the British managed to smuggle opium into China. If not for the devastating Taiping rebellion China would have been strong enough to resist Western invasions.
@Jasmin.M-hz5ty
3 күн бұрын
That makes Opium trade a planed genocide against chinese.
@thelonegerman2314
Күн бұрын
Also the Chinese Were Able to Match and Surpass America in Many Technological Areas, In 40 Years China Advanced in Aeronautics Space, Aircraft design. 5G Microprocessor , Software engineer, Building , and Bridge Infrastructure Construction, It Took the United States 150 to do this Through the Industrial Revolution.
@quoc28mytube
Күн бұрын
Back in those days. China stuff was incredible luxurious and praised.
@quoc28mytube
Күн бұрын
Got to have those Christians in check. The rebellious leader was a self-claimed Jesus.
@sustainablerenewableintegr8311
Күн бұрын
The Taiping rebellion was brutal
@IanFong-mt4yp
3 күн бұрын
Never ever bet against China; they are BRICS and have the support of the global south (85% of world population).We in the west have enjoyed a high standard, high quality of life because of Made in China. While they want the world to prosper through cooperation, the U.S confronts, with economic and military wars. Imagine the increased prosperity of the worlds two greatest economies working together to also benefit many other countries. Thanks Richard and Jay for the incredible interview.
@chrisgreene2623
3 күн бұрын
As long as China can dominate those emerging economies to their benefit. A new type of colonialism that at least comes with benefits unlike the Western model
@tehcsiamg3185
3 күн бұрын
Re to😊
@lavendereucalyptus3225
3 күн бұрын
It’s such a shame US government is run by so many wrong headed ill hearted politicians. If US politicians their hearts and heads are in the right place, the healthy competitions and collaboration between two big powers can create so much stability and prosperity, a god sent blessing to all mankind.
@Time4Peace
3 күн бұрын
@@chrisgreene2623 Distortion of what colonialism is. Colonialism is parasitic, stripping the host of resources by force or manipulation. Trade and investment are voluntary yielding mutual benefits.
@heckcheck1022
3 күн бұрын
> Chinese last name... yup, sounds about right lol. Quite a narrative you've concocted there. Spectacularly wrong on all counts, of course, but quite imaginative all the same. China has depended far more on being in the United States' good graces in order to advance than the other way around. Bite the hand that feeds you, and... well, you'll learn what's comes next.
@theo7326
3 күн бұрын
The Chinese system is the best in the world for the everage people because they raised 840 million people out of poverty in 40 years that is an achievement never seen in the world.
@12321232123212321232
3 күн бұрын
@@damionkeeling3103You are describing the Chinese system, thank you.
@theo7326
3 күн бұрын
@@damionkeeling3103 "It's not the Chinese system" I think it is
@pseudoscientist8010
3 күн бұрын
He said 1.4 billion people... If he was an expert he would know they are only maybe 1.0 billion people in china
@theo7326
3 күн бұрын
@@pseudoscientist8010 "He said 1.4 billion people.." Actualy he is not right its 1,412 billion to be precise according to the worldbank in 2022 but you my friend are wrong. Please inform yourself before making a fool of yourself
@friarnewborg9213
2 күн бұрын
yup, while borrowing and stealing so much from the West
@waichui2988
4 күн бұрын
To those who fantasize that China will collapse: I recommend that you get a different fantasy, a more pleasant fantasy. How about fantasizing yourself winning the lottery twenty times in a row?
@GuzzarAwan
4 күн бұрын
China has already reached such high threshold that its economy may slowdown but won't collapse 😂😂 Even there it will grow faster than west
@amaknusa9212
4 күн бұрын
🤣🤣🤣🤣🤣 Good one!
@medialcanthus9681
4 күн бұрын
Haha ya good one😂😂
@SilveryRoad
4 күн бұрын
Gordon Chang 😭 he even released a new book!😭
@user-br9oi2sh7o
4 күн бұрын
@@SilveryRoadIt is Good that the US and its Allies bought into it. Should support that he is Correct for the last 20 years😂
@lc1668
4 күн бұрын
The difference between the two countries, is China gets the best persons as their leaders, USA does the opposite.
@PhiloSurfer
3 күн бұрын
The technical term for this is kakistocracy.
@rodpanhard
3 күн бұрын
Exactly, they continually reshuffle the same criminal midwits into different positions of power, it's a massive failing.
@Psalm118.26
3 күн бұрын
It's meritocracy. China only appoints the best qualified people to the top based on experience and track record.
@arthurhwang117
3 күн бұрын
Because the “Democratic” system elects “politicians” which very term describes people whose profession is to get into power and to stay in power. They are generally not trained in anything else, be it economics or administration or education or healthcare, but they suddenly are running departments that deal with economics and health and education and governance, and more amazingly, they move from department to department without ANY knowledge or expertise in ANY of those departments. In China, the people in government are not “politicians” but are experts in their field who have been promoted over several decades from townships to cities to provinces and finally to the central government based on their consistent success in achieving goals set by the government, be it economic growth, or poverty alleviation, or technological development : the very definition of a meritocracy. So it is NOT POSSIBLE in China to come up with a total idiot (an arrogant idiot) such as Liz Truss or a charlatan, business failure, and demagogue such as Donald Trump.
@KenJackson_US
3 күн бұрын
You think the murderous Xi is the _"best person"_ for leader of China? Seriously?
@YCHTT
3 күн бұрын
This has nothing to do with China but on the part of US led West only. China can be substituted with another country and would have the same outcome. It is simply the outcome that an imperialist empire and its mafia gangs are going all their way to crash any possible rise of nations or a nation, in this case China, that have been successful with having alternatives to all form of its national developments (from economic, military, science, technologies etc.) without subservient to the imperialist system that has been imposed upon to the world. This main video should be focused on talking about why should US led West still being an imperialist empire and why it is constantly forcing every country to be subservient to it instead of being a responsible country and contribute to peace and human prosperity for all (and not the usual benevolence doublespeak bs). Anyone thinks otherwise are being so brainwash and indoctrinated about the core problem. Instead of trying to condemn the thieves, you are focusing on the victims.
@judykraska400
2 күн бұрын
💯💯💯agree. Excellent summary.
@junizhao
2 күн бұрын
Try substituting China with India!
@pakjai5532
4 күн бұрын
Regrettably, the United States might be the first to face collapse. As an immigrant nation, it deals with social, racial, and religious challenges akin to those in Europe. The country also struggles with homelessness, drug abuse, and overwhelming national debt. Once vital, the manufacturing sector has diminished, resulting in lost competitiveness and declining sales. Successive governments have failed to address these issues, exacerbating the decline with nonsensical isolationist policies.
@sakai101yahoo9
3 күн бұрын
EU will take first place.. 😊
@leesarson2853
3 күн бұрын
Why regrettably ?
@deborahnagel9011
3 күн бұрын
you are right but it seems most of the world is right there with us! Thanks to covid and the globalist.
@arthurhwang117
3 күн бұрын
@@sakai101yahoo9 Europe is collapsing even faster, and with the same problems and the same intransigence and the same source of the problems : uncontrolled vulture capitalism (although many European countries are more socialist than the US, and so less dysfunctional). It is collapsing faster because the US is intentionally de-industrialising Europe in order to move its industries to America as it looses the world market to China and the Global South.
@Way827
3 күн бұрын
@@leesarson2853 Exactly. Do most people in the world feel regret at the USA's collapse if it means less wars and misery?
@dstnrunner
4 күн бұрын
I have traveled across China from east to west, north to south. Even in small towns in the far west or the north, there is a super modern bus/train station served by high speed train. The average Chinese urban resident who 30 years ago could barely afford a refrigerator, now travels to Paris and shops at Louis Vuitton.
@GuzzarAwan
4 күн бұрын
Ther high speed rail is something to be Envious off
@termyfl2677
4 күн бұрын
You are right
@bakerlyd
4 күн бұрын
true!
@rogerstarkey5390
4 күн бұрын
@@GuzzarAwan 26,000 miles built in the time it took USA to build 350 miles (Plus 6,000 miles in Africa and more in Asia and South America)
@laminpapan2650
4 күн бұрын
They emphasize and funded development whereas US prioritized and funded destruction aka wars
@julians472
3 күн бұрын
Brilliant Show! Professor Wolff,Professor Sachs,and Professor Hudson are simply the best!
@parttimethinker7611
4 күн бұрын
Most third world countries have 100% tariffs on imported cars for decades The tariffs never improved their manufacturing capabilities. Is America becoming a third world country?
@standinginthegap7118
3 күн бұрын
Answer… a second world country very quickly
@cherubimcherubim9515
3 күн бұрын
Well usa have third world infrastructure, third world education, third world health care etc does this answer your is america a third world.
@arthurhwang117
3 күн бұрын
YES. If the definition of a third world country is Corruption, Political dysfunction, Widespread poverty with a small strata of incredibly rich people and a staggering wealth disparity, and finally, Crumbling and inadequate infrastructure and social services/social contract. It is not “second world” because “second world” was used to designate the Communist block, as opposed to “third world” which designated the poor, undeveloped countries of the “Global South”
@rogerstarkey5390
3 күн бұрын
@@standinginthegap7118 And it's a slippery slope. . There's a line in a song by the US band Little Feat. . "...Well it's high time That you find The same dudes that you must use on your way up You might meet up (pause) on your way down...." . (Song title, surprisingly... "on your way down") . imo, applies to both the uSA and a certain "prominent Political figure" (I'll leave you to guess who)
@xiaoyuvax
Күн бұрын
let me say, US (btw, US is not America arrogantly) is a 1st world country with a 3rd word preindustrial political system.
@eduxvaii
3 күн бұрын
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
@delacay
3 күн бұрын
The pathway to substantial returns doesn't solely rely on assets with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@Abriellesaz
3 күн бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@delacay
3 күн бұрын
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@Abriellesaz
3 күн бұрын
I definitely share your sentiment about these firms. Finding financial advisors like Jane Nina Pickett who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@delacay
3 күн бұрын
I found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.
@theo7326
3 күн бұрын
Richard Wolff is a exelent economist and very intelligent.
@fatchiapk8706
4 күн бұрын
“What can carry you forward also can drag you down”-Chinese old saying is “Water can made a boat float also can made a boat sink…水能载舟 亦能覆舟”.
There is an old Serbian saying more applicable to the US, "Fire can be a great servant, but a very bad master"
@captives6479
2 күн бұрын
@@VodeniZeka My own saying, "Booze can be a great servant, but a very bad master."
@hpaul2864
Күн бұрын
Yes. Newton's Third Law of Motion: states that for every action there is an equal and opposite reaction.
@dazedhavoc
4 күн бұрын
We can’t compete with the Chinese.
@whydotheathensrage
4 күн бұрын
No one wants to compete with slave labor.
@billh2294
4 күн бұрын
More like we won't. Too lazy.
@ipeteagles
4 күн бұрын
you sound like a canadian
@carlhsin4020
4 күн бұрын
Yes, you can compete. But the problem is that your government does not allow you to compete fairly. Your government uses sanctions to stop you to take up challenges and grow.
@whydotheathensrage
4 күн бұрын
@@dazedhavoc good luck competing with slave labor 🙈🤣
@anthonyhon2682
3 күн бұрын
My big thanks to Prof Wolff who opened my eyesight. Excellent insight indeed.
@birdpainter452
4 күн бұрын
One of the biggest factors not discussed to a larger degree is the cultural factor. Individuality is treasured in the US ( although fading fast) , in China, it’s the greater community. Because of that, there is a greater national unity in China to get things done.
@sczhao3297
Күн бұрын
Also too much effort into sports and being eloquent, most Chinese are quiet and the opposite is true about westerners, Indian is an exception of Asia, as talkative actually more, the west promotes good talkers since communication is key
@Time4Peace
3 күн бұрын
The collapse of either country is not something to be celebrated. Both countries are intensively connected to the rest of the world. We cannot have the 'us vs them' mindset. China is not the enemy. It has repeatedly said that it wants to a friend and collaborate with any country (including the US) to grow together, to deal with poverty and other existential threats like climate change, AI and nuclear weapons. No nation, including the US, would like to be encircled by 200 or more hostile military bases, have its coastlines patroled regularly, threatened with sea blockade of its trade routes in the seas off its coastlines by regular hostile navy exercises. Even more critical is seeing a part of its country being armed and encouraged to go independent. And then branded as aggressive, expansionist, and a threat to the world. The US, and the world, is stronger with China as a friend rather than treating it as the enemy.
@valerietweedie4376
4 күн бұрын
Jay, I don't know if you will read this but I have to say, this is the very best interview you have ever given! And you give good interviews. You ask great questions and allow your guest to answer in detail. Well done!
@BrandyHeng007
4 күн бұрын
God of Wealth vs Satan of Debts-Deaths. 159 countries support God of Wealth
@TacticalMayo
4 күн бұрын
China lost 6.5 trillion in the stock market 🤣
@BrandyHeng007
4 күн бұрын
US debts 34T going to 35-36T
@erwinlee2842
4 күн бұрын
@@TacticalMayothat's the beauty of capitalism that Chinese embraced. In USA there are no more huge bankruptcy everything is saved by the government (tax the people)
@rozaliamajores4798
4 күн бұрын
Those thinking of God as God of wealth, sadly their god is Satan and all of them are free masons!
@BrandyHeng007
4 күн бұрын
@@Facts..Checker People who loves wars don't like money 🇺🇸 People who loves money don't like wars 🇨🇳
@Radio39628
4 күн бұрын
6:41 so, if we the citizens have to pay the tariffs, how does this hurt the Chinese. They are still getting their money
@gregoryedwards9097
4 күн бұрын
That’s exactly why tariffs are dumb. Most people don’t know this, and when America says it will have tariffs, they really are only screwing its citizens. But this is what the government does. With the unlimited money they had ‘owning’ the IMF, UN, WTO, Worlds reserve currency and having had the Petrodollar, we somehow still have homeless crisis, drug crisis, border issues, decreasing middle class, deteriorating infrastructure, and low performing education system. Very evil once you realize what it actually is.
@rogerstarkey5390
4 күн бұрын
Alternatively... China just sells the cars to BRICS countries and takes those markets away from USA? How can there be a complaint about that?
@palmpalm5131
4 күн бұрын
It’s a way of deterring people from buying Chinese cars if they make it too expensive and it’s a Chinese brand. It’s a foot on the throat of Chinese car brands to prevent them from taking hold and being successful in the West. The sad thing is this doesn’t encourage western car brands to improve on their products. In many cases Chinese cars are cheaper and are better products with better features and technology.
@zbigniewdzwonkowski3536
4 күн бұрын
Government tariffs are like Mafia protective money...and inflation is another Tax imposed on society...
@truthmatters2782
4 күн бұрын
We are the suckers. And the fat rich corporations are getting fatter at our expense. And the Chinese cars are still cheaper than our cars.
@PK-nb9ph
4 күн бұрын
Great guest (Janet yellen’s classmste!😮), and excellent content. In this chaotic world with great geopolitical tension, to NOT become the victim of fake news and propaganda, even from our long-trusted mainstream media unfortunately, it is ever more important to listen to guests like professor Wolff, who can give us the framework, context, and historical background to understand for ourselves what is really going on in the world. Thanks Jay!👍👋. (And please invite him back and more guests like him, professor Jeffery Sacks from Columbia University and Yanis Varoufakis, the ex- Greek finance minister, who recently just published a book ‘Techno Feudalism’, are two I can think of who are immensely knowledgeable and experienced.)
@karleells6540
3 күн бұрын
Just think Richard Wolff is a socialist- yet he lives under capitalism by choice. What a coward
@PeterLamin-pi6rv
3 күн бұрын
Janet Yellen is addicted to magic mushrooms 😁🍄🍄🎉
@bpb5541
3 күн бұрын
Janet Yellen made my most evil financial people to ever exist list... twice. Once for being FED chair and once for being the Treasury Secretary.
@dunzhen
2 күн бұрын
If it's between Chinese or Americans, Chinese deserve high standards of living. They've worked so bitterly and honestly for what they have. They're not rolling around in blood money
@barkobummer
Күн бұрын
couldn't agree more, U$ is today still pouring money into Gaz ge no cide and the war in UKR!
@IEtoileFilanteI
4 күн бұрын
To all the hawkish Americans, do you think we can survive nuclear armageddon? Because Chinese and Russians are ok with going that far if it goes that way. We're an individualist society and it's gonna look like Walking Dead over here, but the collectivist societies will know how to rebuild because they've gone through the exercise of total destruction multiple times already. Wish we could just get along with everyone and be a great nation among nations instead of pursuing the "we own you so obey" policy.
@cipherlei
4 күн бұрын
I don't know about Russians. Chinese are not ok with nuclear war!! Unlike Americans, Chinese are generally peace lovers . Americans have pushed so many wars in the last century. It is the only country that used nuclear weapons in another country. So your assumption is wrong.
@ipeteagles
4 күн бұрын
@IEtoileFilanteI China isn't opening it's economy to the world. This is a misrepresentation of the communist closed investment. Look at China's real estate market.
@timothychung4811
4 күн бұрын
I will go further to that. To all American, as a former war victom veteran CAUSED BY THE US IN VIETNAM in 1970 - I've been a Canadian since late 1979 - you have never experienced any form of true hardship. If you keep instigating, FOR THE FIRST TIME IN THE US's HISTORY, YOU WILL RECIEVE YOUR FIRST TO GOD KNOWS HOW MANY MISSILES LANDING ON EVERY MAJOR CITY AND IMPORTANT STRATEGIC POINTS.
@ipeteagles
4 күн бұрын
my comment was apparently reported so it was removed. again i will state: china's economy isn't open, it's closed.
@JamesFitzgerald
4 күн бұрын
Utter nonsense
@AntiwarObserver
4 күн бұрын
In a nutshell, China is a socialist market economy, it's a mixed economy. The governmental structure facilitates centralized national planning and administration is decentralized at lower levels. Policy consultation comes through democratic processes at grass-roots level, bottom-up. China isn't anti-capitalists but capitalism is on a leash as the state doesn't allow capitalism to dictate the direction of the country. What you might find interesting the west learned a lot from the Chinese for centuries until the industrial revolution that spurred the west ahead, today the western companies that go to China are finding it difficult to compete with local companies, China has developed in many areas beyond what western companies can offer.
@rogerstarkey5390
4 күн бұрын
Capitalism requires consumption. Is (Over) Consumption sustainable? Are we seeing that end game now?
@rap3208
4 күн бұрын
China's biggest advantantage is that they get their leaders through merit, they start at the bottom and work their way up which will take 30 years or so. Americans get their leaders through beauty pageants ( who has the most charisma and the biggest backers).
@wisdomtan490
4 күн бұрын
Eventually China will become more Capitalist . Each Chinese will have more democratic rights at last. A discipline Chinese will allow China to transform into modernisation.
@TacticalMayo
4 күн бұрын
@@wisdomtan490wolfowitz doctrine, 1994. This is not going to stop.
@alexanderrazuri967
4 күн бұрын
Good points
@waterdragonclan9108
4 күн бұрын
Thank you Jay and Richard. I learn so much from Richard wolff. Glad I found this channel.
@theo7326
3 күн бұрын
The professor lays it out and makes it look so easy but the chinese have the system and the discipline to make their plans happen and I admire that so much I have to go to China to see it with my own eyes.
@stevenpreston5619
3 күн бұрын
Just watch KZitemrs who visited China... cheaper than going yourself 😂
@theo7326
3 күн бұрын
@@stevenpreston5619 I want the experience and feel the vibe
@sczhao3297
Күн бұрын
@@theo7326hey buddy please visit Guizhou, it is the poorest province in china and let people know how is it. I miss it so much Many years ago I could get a dozen eggs with a glass bottle from there, true story as people there are basically very very poor minorities live in mud top huts
@joethao2161
4 күн бұрын
Awesome show… Great guest Jay!!! Pro. Wolf and Pro. Jeffrey Sachs are both very very intelligent.
@MiB-
4 күн бұрын
& Pro. Michael Hudson ‼️
@joethao2161
3 күн бұрын
Yes, for sure… Pro. Michael Hudson too!!!
@gregoryedwards9097
2 күн бұрын
@@joethao2161 so sick seeing people mention Michael Hudson. Love all three, but I always learn the most with Prof Hudson on history and economics.
@Dikrad-bh5tm
4 күн бұрын
Hooray for my name sake professor Richard Wolff Far as I know he has not said one word wrong about America or China. Urrah, urrah, urrah!!!
@heleny498
Күн бұрын
A man with wisdom. China and the U.S. should seek equilibrium, not animosity. Together, they can build a better world for all. Americans should seek to understand China more deeply, beyond propaganda.
@barkobummer
Күн бұрын
Wrong as usual, China and US should seek equilibrium? China did, US refused instead choosing to hobble everything that China does. China does not seek to dominate China seeks independence from U$ sanctions. U$ on the other hand has openly declared its intention to destroy China.
@soothsayer2406
4 күн бұрын
Awesome content and guest
@annaweiers2947
4 күн бұрын
So smart of you to have Richard Wolff on , he’s absolutely the best, I follow him often 🇨🇦
@karleells6540
3 күн бұрын
Now go listen to Thomas sowell for everything Richard is too cowardly to admit.
@jeng.5271
14 сағат бұрын
My husband came to us in 1996. When we found there was hot water coming out of the tap, we were thrilled. We made about $60 per month in China. 11years later, my hometown was completely upgraded that I didn’t even know where I was. We decided to return to China since then. I visited US once in a while, but never wanted to live in us. It is much more convenient, cheaper, and fun to live in China today. We don’t agree with everything the government does, but we never want a war. Both US and China are great countries with great people. As just an ordinary person, I will not allow myself and my family be used and sacrificed for those elites and capitalists of either side.
@AliceBucura
4 күн бұрын
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
@MichaelPayne66
4 күн бұрын
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
@IrisGannon
4 күн бұрын
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've builta six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
@NicholasCaruana834
4 күн бұрын
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
@CathieRae
4 күн бұрын
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Martha Ann Hammerton, has been an amazing experience.
@LexAshworth65
4 күн бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
@alimmuhammad9275
3 күн бұрын
USA is doing what the British did by leaving EU. They too will suffer isolation and declining economy. The right way is to compete and not create a technology curtain.
@huseyinbolukbasi7582
3 күн бұрын
No, I'am sorry but I desagree. Europe, especially Germany, is not watching the decline of US with "Schadenfreude" but are willingly sinking with it. The EU decided also to put tariffs on Chinese E-vehicles and so following US policy knowing this is against their interrests.
@ToriZealot
Күн бұрын
Richard Wolff is not educated what is going on in Europe
@Artificial_Intel_83
3 күн бұрын
China raised on US technology just as the US raised on the WW2 German technology...paterns...
@stefanschouteden5196
3 күн бұрын
Whenever Richard is having these wonderful, insightful interviews, I just wonder how many people INSIDE the US (or Canada) are following his discussions. Here in the South and East (and probably in certain parts of Europe), people are listening and appreciating his comments and views. Bottomline is the fact that the Western 'leadership' has become violently pathetic for that matter. What should have been a high level US national debate, has become a giant comedy show for the rest of the planet, with an associated sense of fear and hopelessness for the future.
@rogerboniface8086
3 күн бұрын
The Chinese economy is much larger than the S. Korean economy. China has a larger poverty base to start with. Singapore has the same political and economic system as China. China actually copied the Singapore model of the early 1970's. China is just a giant Singapore. Both nations have one party rule.
@alexiapons2883
4 күн бұрын
1421, The Year China Discovered America by Gavin Menzies. Wonderful book, good illustrations and photos.
@sharkamov
3 күн бұрын
Thanks for the heads-up! 🙏
@Beverley-v7e
Күн бұрын
I went to China in 1986. There was one shop for visitors and one shop for them. Neither shop had hardly any stock. Coca Cola had just arrived and everyone at midnight was standing in the street staring at the Coca Cola stand but no one had any money to buy it. They loved my orange shoes and dress, everyone else was in grey suits. Forty years later they have built a montroprulous. China has now collapsed under the weight of its debt, rather like the rest of the country’s. Covid 19 caused the debt and if China doesn’t pull off the electric cars, cheap to the world we are going to experience the biggest downturn in history. You don’t have to be an economist to work it out, Blind Freddy can see it. .
@ZhenYae
Күн бұрын
What Debt. To whom do they owe the debt....?!
@larrysherk
3 күн бұрын
You ask: "Who will collapse first?" What kind of question is this, when China is clearly in a steep ascent and the United States is just as clearly in a steep descent?
@roboldx9171
Күн бұрын
Today, the USA; yesterday, the UK; and tomorrow, China. The centers of innovation are always in flux-nothing remains static or fossilized. The U.S. needs to accept this and learn from the mistakes the UK made that led to the demise of its empire. There's nothing to be done but to go with the flow and accept that the ball has been dropped, and someone else has picked it up. The rush for riches at the expense of others is nothing new-empires have risen and inevitably fallen based on that capitalist model. We need to change the way we approach capitalism.
@thiago5372
22 сағат бұрын
US plain Fallout on 2025-28
@lavendereucalyptus3225
3 күн бұрын
Prof Wolff is a well of knowledge and his analysis is SPOT ON! Thank you for inviting Prof Wolff and having such in-depth educational dialogue. 👍👍👍
@bjung8858
3 күн бұрын
When the PRC first decided to change its economic approach, it was poor and didn't know how the Western System worked. China opened Special Economic Zones to test its plans while China prepared. The US sent some of its best businessmen to acquire benefits. But the Chinese sent its best business minded people to negotiate, and the Americans left empty handed or with ( to the Chinese view) a fair deal. Then the Chinese studied the HK, Singapore, Korean, Japanese approach and adopted this. This policy got China to where it is now. Where from here? BRICS. The World is sick and tired of the US and Western Imperialism. China's approach is benefitting Africa and the rest of the World. Later, the US and Europe will be contained and isolated. Europe will turn against the US as China did to the Soviet Union. Then, the US will implode like the Soviet Union from its own toxicity.
@wohetang
4 күн бұрын
$20K, I got the BYD Song Plus. It is the best car and Teslas look like an idiot's buy:()
@Pharoacious
3 күн бұрын
I studied under Wolff and am following his work 20 years later. A great American mind.
@richardlamos1436
Күн бұрын
Tariffs don't work , never did
@yaphonghor4409
Күн бұрын
Wolff is correct, China concentrate its energy in the past 40 odd years to develop its economy to what it is today! The Chinese leadership cares for the general population, not trying to produce just a few billionaires! The nation as whole matters!!!
@titanxie5579
4 күн бұрын
Why one of the two has to collapse? Can people co-exist?
@TacticalMayo
4 күн бұрын
No there can only be number one and if you try to take it from the United States no one will be number one
@ahliong
4 күн бұрын
USA only wants to be a winner takes all .
@lijackson-x6r
3 күн бұрын
US want the infinite power to print dollars although this game can not sustain.
@lijackson-x6r
3 күн бұрын
@@TacticalMayo To maintain the power to print money as long as possible, although it is a game not that sustainable.
@stevenpreston5619
3 күн бұрын
Sorry, U.S gov. never believe in fair trade or not being able to control the world 😢
@jojo4061
2 күн бұрын
For five thousand years, China has been on the table, and the US is just a new player. Hope he can hold on a little longer.
@chonghangan1768
3 күн бұрын
I see China wasn't trying to compete but keep developing and manufacturing to strive better and better. The west esp. US see it as a competion because China's economies is getting stronger and stronger. Chinese government (Communist) is much more efficient than democratic system as they gets things done almost immediately than going on debating forever in the end things don't get done at all becos of too much opposition. The west is just tasting the grape sour and jealous over others success thats all. Prof. Wolf says it all. Any country will try its best way to produce the cheapest. Everyone see these but the west & US just could not accept it....a sorrow pill to swallow. Instead of working together to improve, trying to kill others (by sanctioning) is going for a sucidal feat. In the end the BRICS+ countries is going to be rich countries.
@gregorylumpkin2128
3 күн бұрын
China will not collapse. They've been going for centuries and have a vibrant and peaceful lifestyle in addition to other attributes mentioned below.
@RickStephens-if3wr
4 күн бұрын
In the mid 90s I went to a seminar in San Diego got an invitation to listen to Arthur Laffer I got down there I dress pretty casual. Everybody in the audience was in a suit so I sat in the back so I wouldn’t get arrested everything he said about China and the Konomi actually happened and it’s happening right now it’s a China can destroy Ford motor company, GM Chrysler Honda Toyota and this is why I won’t go into what he said but everything he said that day has come true thanks, Rick
@kariminalo979
3 күн бұрын
Answer: The EU. America, BRICS and CANZUK could balance just fine, but Europe cannot sustain without effective military guarantees protecting their much needed supply chains in the global south.
@watchman835
4 күн бұрын
China’s greatest long term issue is its aging demographics, without that US might as well just yield now.
@clintcowan9424
3 күн бұрын
Absolutely
@jackchiang7793
3 күн бұрын
I have thought about this as well. However, with AI and robotics replacing most jobs in the near future, this may not be an issue. Plus, they can always allow immigration from SE Asian countries.
@watchman835
3 күн бұрын
@@jackchiang7793 It sounds like you know how to comfort yourself.
@PhiloSurfer
3 күн бұрын
@@watchman835 Nope. The US, Japan and most developed countries are also facing these ageing populations.
@watchman835
3 күн бұрын
@@PhiloSurfer But they have already been developed isn’t it? lol
@thunderdragon888
3 күн бұрын
China is definitely going to be numba one or if not already one....
@theox73
4 күн бұрын
china survive more than 5000 yrs. china is one of the oldest civilization in the world.
@rap3208
4 күн бұрын
It is the only surviving old civilization in the world.
@Jasmin.M-hz5ty
3 күн бұрын
Slavs has survived 7532 years,and have calendar since 5508BC.
@Aramsa-Khan
Күн бұрын
It is not about socialist capitalist. You can put any system. If the people are incompetence, lazy and greedy, it ain't going to work. The Chinese are unique people, humble and made a decision to learn and work hard. Their achievements are sheer hard work, enterprising and and sacrifice of the people. Not everyone can achieve this meteoric rise like the Chinese, not even the USA.
@charlesyang4923
3 күн бұрын
The model of successful development provided by the West is NO longer attractive, in fact deceitful itself, to the global south, so did the so claimed the western value such as ruled-based order, human right, democracy, freedom of speech, … etc for one reason and one reason only which is the West failed to dress themselves up as a role model to learn from. Beyond the West had already lost its status as shining light of the hill or paradigm, the sad part of the story is the West is still preaching others how to run their states that is something global south countries would NOT pay a serious look at all.
@ml-mw7ms
3 күн бұрын
I am in agreement with you in this.
@charlesyang4923
2 күн бұрын
@@ml-mw7ms Great minds think alike.
@ricotheman8139
Күн бұрын
Pro.Wolff is so brilliant. Total respect ❤
@sharkamov
3 күн бұрын
Professor Wolff is basing his analysis on stark naked *_facts_* - couple _that_ to his formidable knowledge and understanding of past history, you end up with someone _critically important_ to listen to! . . . Profound respect & genuine admiration goes out here, from the corrupt, quisling *US* vassal state of Norway! 🙏
@dzloki
3 күн бұрын
One of the best use of Prof. Wolfe’s time, great questions and wake up call… now who is teaching this to our politicians and Military?
@kcevol
4 күн бұрын
Why not make another show where we point out if China and US cooperate, the humanity win! If they don't, what will be the consequence!
@rap3208
4 күн бұрын
Ask the US, they are the ones that insist on the rivalry. China is on record always asking that they two should cooperate instead of being enemies.
@TacticalMayo
4 күн бұрын
Oh absolutely not never. That's not an option ever. That's over forever. The moment you reach for the number one spot that is it. That is no joke. That's the biggest deal there is.
@TacticalMayo
4 күн бұрын
@@rap3208who chose to reach for the number one spot? Who did that knowing what would happen? E probably xactly so don't complain
@rap3208
4 күн бұрын
@@TacticalMayo You think a nation doesn't have the right to be the best it could be? That the only exception is the US? You have a twisted view there, sir.
@sinic1978
4 күн бұрын
@@rap3208you're talking to an Indian. He pretends to be a American
@thehungergames8918
3 күн бұрын
The east is rising, the west 🌈🏳️🌈 is sinking ⏳
@raymond-i2v
30 минут бұрын
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@Lucas-t5w4n
30 минут бұрын
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
@Jeffery-f2e
27 минут бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@Fred-w7t
26 минут бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@Jeffery-f2e
24 минут бұрын
My CFA ’Jessica Lee Horst’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@Theodore-l2j
22 минут бұрын
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
@austinbar
Күн бұрын
The economic crisis and down-turn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals??
@rogerwheelers4322
Күн бұрын
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
@joshbarney114
Күн бұрын
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
@FabioOdelega876
Күн бұрын
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
@joshbarney114
Күн бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@FabioOdelega876
Күн бұрын
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
@sedaterkoglu2241
2 күн бұрын
Yes, US was very good with technology last 80 years. However, China has thousands of things firstly produced, found in China. What I am trying to say is US has done great job with history like never exists before it. China was always a big country and always strong even if it was technically behind.
@KC-lc8dx
4 күн бұрын
Love Prof Wolff!!!!❤
@karleells6540
3 күн бұрын
Oh the irony. A socialist economist. Lol
@priscillaferguson267
10 сағат бұрын
China definitely WON’T lose! With the BRICS Alliance and the BRI Partnerships who in the hell needs the Western Collective, specifically the United States!
@bloglivethehighve
3 күн бұрын
Can americans live with a dolar a day? Chinese can !
@iansen57002
3 күн бұрын
I don't think so...not anymore. Especially in 1st tier city like Shanghai, Beijing, ChongChing etc
@sczhao3297
Күн бұрын
Look at the per capita China is at least a middle income country now 13000 usd
dC politicians are inhuman these days. The decisions made in that city of dC are causing nothing but grief for average American and the world. Term limits needed for all political employees.
@gregoryedwards9097
2 күн бұрын
@@lorascelsi8102 not just term limits, but a whole revamp. The government is so intertwined with various conglomerates that many follow the same way of thinking. From the military, to Wall Street, to both parties, to celebrities, to European, Canadian, Filipino, Japanese and South Korean leaders. Like George Carlin said, it’s a BIG club and WE ain’t in it. The same way you will look out for your neighbor, so will these folks when times get hard. These folks got millions of lives on their hands and they’re fine so long as they don’t go to jail, they keep enjoying their rich fancy parties and elite lifestyle. This is why I want the baton to pass. We are too corrupt and we’re so good at marketing that we did an amazing job covering it before thhe internet came out lol.
@lorascelsi8102
2 күн бұрын
@@gregoryedwards9097 watch the new rap song g N cDd. Joe by Mai K and Lowkey
@lorascelsi8102
2 күн бұрын
@@gregoryedwards9097 Sand Creek Colorado never forget
@MrKlipstar
3 күн бұрын
USA Union Stooges of Amerikkka 🥳🤣
@YoRock1976
4 күн бұрын
I disagree with Professor Wolff when he dismisses outright that tens of millions of immigrants illegally entering into the US. have no negative economic impact on our country. Leaving aside the political and sociological consequences of this mass migration, the economic consequences are an increase in demand for local services and finite resources. This increase in demand is not accompanied by an increase in revenue, which results in straining the quality and availability of services provided by schools, hospitals and law enforcement agencies, to name just a few. Accordingly, state and local governments must become increasingly reliant on the financial assistance of the federal government in order to function, which I believe is one of multiple reasons globalist elites are driving this influx of immigrants into the US and Western Europe.
@oliveoil7642
4 күн бұрын
Wolf is a Marxist. He doesn’t care .
@adamiskandar5107
3 күн бұрын
America was built on the backs of immigrants. Prof. Wolff is correct.
@ml-mw7ms
3 күн бұрын
I agree with you on this!
@sczhao3297
Күн бұрын
Agree he has to be low key about it , it’s too sensitive issue
@petersmith-yg7me
Күн бұрын
US playing a blinder . Shortest lived empire in history.
@akzoc
4 күн бұрын
This is a much better and more serious video than the click bait title would suggest. Very insightful on Chinese hybrid system of free enterprise and CCP planning.
@KC-lc8dx
3 күн бұрын
Prof Wolff at his best
@liaojohnweechun7454
3 күн бұрын
WHAT A BEAUTIFUL INTELLECTUAL AND CONSTRUCTIVE CONVERSATIONS VIDEO. CAN'T GET ENOUGH OF PROFESSOR WOLFS ANALYSIS AND ANEKDOTEN. BRILLIANT 👍👏👏👏💚❤️🥰
@orthodoxNPC
3 күн бұрын
30:32 it only costs the AmericanMachine $52 billion to maintain 800 bases.
@Longcloud
3 күн бұрын
Oh yes the Americans love war in other countries 🙄
@gizmocat6990
3 күн бұрын
I like this "piece of Hollywood theater". I would name it "United Kingdoom".
@outsidewell6932
3 күн бұрын
meanwhile American brand products are still the most popular brand in China from household items Tide, Colgate, Crest etc., sports wear Nike, Starbucks, iPhones, Tesla, etc. to US stock market. make you think who is a free economy.
@BV-fr8bf
4 күн бұрын
regarding the hyperbole. We have seen economies resurrected in very fast order Germany, Japan and South Korea come to mind. The professor is surprised regarding the rise of China, but it's been ongoing growth for nearly *50* years!
@johndoe1121able
4 күн бұрын
Because China's population is 1.4 billion. If you combine the population of those countries you mentions, it's not comparable.
@GuzzarAwan
4 күн бұрын
Yes biggest thing is , it hasnt happened in Global south of which china was part of but not japan or Germany. China like other global South nations were meant to be extracted for labor raw material and market by imperial west. Japs sKorea are vassal of US . True innovator of this model was Germany. Take ex of india , similar nation like china, cudnt achieved half of what china achieved , remain subservient to west remained a market labor and raw material provider.
@willfiala1859
4 күн бұрын
Germany is stuffed now
@奧理斯-u9y
4 күн бұрын
No, it's totally different ,China is too big to develop easily ,and they always have to concentrate on military growth which Germany 、Japan and Korea don't have to worry about ,because of American military in presence .
@rogerzen8696
4 күн бұрын
Instead of Germany and Japan, a more comparable country to China would be India.
@XD-pd9tc
3 күн бұрын
what a pleasure to hear people with sane mind.
@garycronin1469
4 күн бұрын
L. Groman claims that a gold standard (phased In) could allow for all main players to win without major war? That may be a good talking point. If you think a little poverty is bad..try war... and you'll learn.🎉
@ningwei3772
Күн бұрын
As a mainland Chinese born in the early 80s, I experienced 40 years of high-speed development. I can tell you that the magic ingredient of China's success is the hard work and entrepreneurship of ethnic Chinese people. No credits should be given to the government. Look at Taiwan, HK, Singapore, Malaysia, Thailand, Philippines, Indonesia, and the US where there is a majority Chinese group of people, and the economy is good. Ethnic Chinese controlled 80-90% of the economy in the SEA area. Loot at the chip industry, they are majority of ethic Chinese engineers and owners. It has nothing to do with what country or government they belongs to
Prof.Richard Wolff: I always follow you wherever you're a guest.
@lavendereucalyptus3225
3 күн бұрын
It’s unfortunate US government administration doesn’t use good sensible economists like Prof Wolff or Prof Jeffrey Sachs as their economic advisors.
@joysachs9032
4 күн бұрын
Great discussion. Thanks.
@ibrahimvestin1901
Күн бұрын
The Germans fought well in WWI despite French mustard gas and the American “Spanish flue” and yet were decapitated and lost the peace Versailles 1919. Today we see the same thing in the world.
@timothychung4811
4 күн бұрын
Why is this even a question? You have one country that has no more ability to grow vs. a nation that has ONLY LIFTED 850 MILLION OUT OF POVERTY WHILE THEY HAVE 1.4 BILLION. Do your math. The remaining population that is still poor would be 550 million OVER 200 MILLION MORE THAN THE US'S POPULATION. That is Indonesua and US combined that the Chinese have room to play with while taking those already beaten poverty to even higher standards. In other words, the US has coasted on fifth gear for quite a long time, and gas has run out in the tank. The Chinese are on 2nd gear, slowly shifting to third gear...
@willfiala1859
4 күн бұрын
You are not quite right on that because quite a few hundred million in China were already well off. Its the remaining 850 million that have been mopped up. Living standards in China just keep rising for all and they are not wasting money on offensive weapons or supporting wasteful military bases around the world.
@wisdomtan490
4 күн бұрын
There are still millions of Chinese who do not want to take the heed even being given to tools . They still want to stay in the remote mountains and the remote village . The CCP had done its utmost to uplift its citizens . Commendable indeed . Comparable to the USA the Homeless will just get higher . Shameful .
@rap3208
4 күн бұрын
You misunderstood, they only needed to lift up 850 million from extreme poverty because the remaining 550 million is out of poverty . Did you really think every chinese was poor?
@timothychung4811
4 күн бұрын
@@willfiala1859 Explain to me what exactly I'm off? Since economic reform to now, 850 million have been lifted. While the 200 million you mentioned are well off, THEY STARTED AT THE SAME TIME AS THE MIDDLE CLASS IN 1979, AND THEY ARE PART OF THE 850 MILLION THAT WERE ONCE SUPER POOR.
@timothychung4811
4 күн бұрын
@rap3208 I don't think as I know. Do you have any imagination as to what I witnessed China as a child? I'm 54.
@masnur7007
Күн бұрын
I live in SE Asia, and i can say that though the ethnic Chinese are the minorities in ASEAN countries like Thailand, Malaysia, Indonesia, Myanmar, Cambodia etc the top 10 richest people in these countries are the ethnic Chinese or mixed (for example Chinoys in the Philippines). There's something about the Chinese that make them very business minded and entrepreneurs and very hard working.
@roslanalwi5490
3 күн бұрын
Let them talk bad about China /Russian . Chinese and Russian they are smart people in the this modern world
@barkobummer
Күн бұрын
China and Russia do not have to convince the world they are winning. Only the U$ led west does that.
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