Why Hasn't China Collapsed?

Comments · 4.7K

• MA

  @Maxinomics · 1 year ago (edited) · pinned

  This is one of the more interesting comment sections I’ve seen. <br><br><b>On Taiwan wanting to be a democracy...</b> Yes, the KMT did not immediately turn into a full democracy after fleeing to Taiwan. That was never going to be the case. But the KMT was founded on the Sun Yat-sen’s Three Principles of the People (nationalism, democracy, and people’s livelihood). Sun’s vision included a phased transition to constitutional democracy, but in practice, the KMT under Chiang Kai-shek prioritized centralized control to unify China and suppress opposition.<br><br>You would expect there to be consolidation and martial law after a country splintered into to parts. Not trying to absolve the early KMT of their actions, but to say KMT (and through it Taiwan) didn&apos;t want to be a democracy is incorrect. <br><br>My mistake was not being nuanced, I would go back and word that part better.<br><br><b>On the peak polarization which is easily summarized by looking at two actual comments that are perfect opposites:</b><br><br>Comment 1: “This guy just takes whatever the Chinese say and runs with it”<br>Comment 2: “Stupid western propaganda. Not a fact anywhere in this POS.”<br><br>Of the 1,200 or so comments so far, the majority of them are a variation of comment 1 or 2.<br><br><b>On the clickbait accusations...</b> the major comment is probably that the title &quot;Why Isn&apos;t China Collapsing?&quot; is clickbait. And to that, I&apos;m not sure what the &quot;switch&quot; is in the bait and switch. We walk through all of the ways China has managed to get to where it is and why it&apos;s worked (so far). But also throw in some areas where things could unravel, and historically have such as at <a href="https://www.youtube.com/watch?v=hvwBSOgOmRE&amp;t=778">12:58</a>. And finally at the end we wrap up and give a specific reason <a href="https://www.youtube.com/watch?v=hvwBSOgOmRE&amp;t=1161">19:21</a>.<br><br>So on the contrary, I feel it&apos;s worth pointing out to viewers coming in after I pinned this comment that these are the videos that have provided the most traffic to this video:<br><br>Video 1: Global Investors SHOCKED‚ China&apos;s Collapse is WORSE Than 2008, but NO ONE&apos;S Reporting It<br>Video 2: Russians FLEE Crimea As Ukraine Takes Revenge<br>Video 3: Japan&apos;s Crumbling Economy Will COLLAPSE The Global Economy<br><br>And that is just the top 3, there are hundred of similar videos like those pushing traffic to this one. We love to engage all audiences, but this video aimed to provide a nuanced view of the situation rather than a declaration of China&apos;s imminent collapse or imminent world take over.

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• SO

  @Something-v5r · 1 year ago

  I don&apos;t feel like this explained why China isn&apos;t collapsing.

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• MI

  @mikidep_old · 1 year ago

  In China, the government pulls strings in big companies. In the US, big companies pull strings in the government.

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• JA

  @jackstoltz330 · 1 year ago

  “The Kuomintang wanted democracy” That’s when I clicked off 😂

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• DE

  @DeshKoirala-vv7yj · 9 months ago

  <a href="https://www.youtube.com/watch?v=hvwBSOgOmRE&amp;t=781">13:01</a> got Alibaba ad after he talked about jack ma

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• P4

  @p4ntom87 · 1 year ago (edited)

  the effort went into flashy editing than researching

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• HA

  @hasnainhasib4548 · 1 year ago

  But which part of the video explains why china isn&apos;t collapsing ?

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• MI

  @mikearchibald744 · 1 year ago

  I&quot;m not about to listen to somebody who says &apos;its all due to one man&apos; &nbsp;to explain china.

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• EN

  @engineeringlead · 9 months ago

  I am binge-watching your channel, love the content!

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• SC

  @ScudHighlights · 1 year ago

  China’s financial system is commercial in structure but heavily state-directed in strategy. It combines profit-making with top-down planning

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• MA

  @maggiejetson7904 · 1 year ago (edited)

  You did skip quite a bit of important details: <br><br>1) Taiwan (Republic of China) was not a democracy until relatively recently in around 90s. They were to be fair a dictatorship since WW2 after they won their own internal civil war among the warlords. <br><br>2) Mao didn&apos;t directly pass power to Xi Jing Ping after Mao died. Deng won the power struggle in a coup and started opening up the economic reform, and after Deng died there was a group of 2nd generation leaders&apos; children people called the princelings who ruled the countries, until Xi got the power and started eradicating the princelings and became the dictator of today. <br><br>3) Hu kou used to be a way to keep famine migrant from rushing into cities and limit the damage locally. Their jobs and food purchase quota depended on it. However today&apos;s hu kou is really only useful for your children&apos;s education and you are free to move anywhere to work and buy food as long as you don&apos;t have kids. Today if you want hu kou in the place you want to live in, you have to buy a property there, so that sort of caused a lot of real estate bubble due to a school district effect like in the US. <br><br>4) It is not that this &quot;keeping the foreigners out&quot; effect has never been done before. Ming and Qing dynasties did that to the coastal front and they lasted hundreds of years, and obviously they fell behind in military and technologies and eventually lead to being overthrown in the world order. What they are also afraid of back then (and likely today) is probably also because they don&apos;t want local merchants being too wealthy and sponsor a civil war to overthrow the emperor in the capital (like the way US replaced Britain as the new world leader eventually).<br><br>5) The most important thing you haven&apos;t talked about: China&apos;s currency system is not freely exchanged for their own local residents. You cannot just say you want to change 50% of your bank savings from RMB into USD or Euro. This prevented a huge collapse like others in the 97 Asian Financial Crisis but that also prevent their economy from able to do business as they wanted. Many export businesses were done not to make money but to be used to launder money outward. As they sell to collect foreign currency and then pay their vendors with RMB, they get to make a laundering fee (I heard the going rate is about 20%). This is why a lot of business cannot be profitable in theory yet they are still doing very well, as everyone in China is aware of the real estate bubble and stock market being manipulated (not much growth despite all the revenue). Many just want to move their networth out of the country and away from the claws of CCP.

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• RO

  @romlyn99 · 1 year ago

  FYI - When the Kuomintang flee Mainland China to Taiwan, they claimed to be democratic... but Taiwan was ruled under martial law for 38 years. Ruled by Chiang Kai-shek and his son Chiang Ching-kuo. Only after their deaths did democracy come to Taiwan.

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