Until a few months ago, China was doing spectacularly well in terms of economic growth, and the power and influence that the new wealth bought. But I think China’s goose is cooked, thanks to the Chinese virus that causes the Wuhan flu aka Covid-19. There’s going to be a backlash. OECD countries’ manufacturers who were off-shoring their production in China will pull out as fast they can. In all likelihood, electronics majors will cut their China-based supply chains.
This is not mere wishful thinking. It was economics that led to China becoming the global manufacturing destination. But the world has learned a lesson that will be hard to ignore — that putting all eggs in one basket is not a sound strategy. In any event, it was time for manufacturing to return to the OECD countries; the Wuhan flu just advanced the move a few years.
And one more thing. I think these institutions have to be given a quick burial: the FDA, the WHO and the UN. They are all evil.
The big take away is that it is foolish to trust the leaders of communist and socialist countries. It is not that Chinese leaders are ignorant and stupid; in fact many of them are quite intelligent. It’s that they are quite clearly evil. They lack humanity.
India’s socialist leaders are mostly ignorant and stupid but they are not evil to the same degree. That is probably due to influence of the Indic religions — Hinduism, Buddhism and Jainism — on the cultural climate of India. Note that wherever this cultural force is waning in India, the leaders are turning out to be evil, and are more like the leaders of Pakistan.
Anyway, as I was saying, China’s goose is cooked. Here’s a video that provides a bit of justification.