I wouldn’t characterize any communist country as a ponzi scheme, or any totalitarian or authoritarian regime for that matter… even giving the Chinese version of communism some latitude, due to its mixed economic compromises (
because communism doesn’t work and can never work in its pure form, - it defies human nature and exists through extortion and murder, as does all socialistic forms of government ultimately…at its core it is slavery) it still operates primarily on coercion and violence. You conform and submit or you are killed or imprisioned. There is certainly indoctrination, deception and perhaps deceit on the individual level (
efforts to get the individual Chinese man to "buy" into a "collective" society, where everyone is "equal" and working for the "greater good") but once a communistic society evolves to a state such as China has, there isn't a great deal of deceit, little to no trickery, luring or insincerity to "buy into" or "invest" into the system (
most people "buy into" or "invest" what they are born into, are raised to believe, like sheep they conform with the herd willingly). Nothing compared to what a capitalistic society tries to "sell" the average man or woman. The Chinese certainly use “ponzi scheme” characteristics on corporations and governmental organizations to advance their ideology, but this is no different than what Lenin and Stalin did through the 1920’s and 1930’s to gain economic advantage. German and US concerns made many financial and industrial deals that ultimately made the USSR into a super power, huge trade deals and engineering projects were conducted with German and US engineers and financing, - how that turned out should give pause to any dealings with modern China.
Speaking of ponzi schemes, I find attaching such a label to China, especially someone in America or the west somewhat ridiculous, - the greatest ponzi scheme in recorded human history is being conducted in the US and Western Europe, specifically social security and Medicare and all the other government inspired “welfare” programs that are being supported by an even larger ponzi scheme called the Federal Reserve, ECB and all the other central banks that are propping up these schemes by printing money without any basis in reality (
buying securities governments can’t sell, manipulation of interest rates, printing money etc.. all of which harm the average man and benefit the well connected and large banks/corporations). Even the Chinese aren’t stupid enough or gullible enough to “invest” more than a trillion dollars in US securities. Chump change when this country is spending billions and trillions in wars around the globe and doling out foreign aid through borrowing. The biggest suckers are by and large our “allies” (
who possess individually as much as China, collectively many times over - The English and Japan hold nearly as much each) and the American investor (your retirement funds) who will be holding the bag when the music stops… just like 1923 Germany which destroyed the middle class and gave rise to Hitler.
Fundamentally China works on a very primitive level, they are running massive debt ratios also, ridiculously high in fact, but it is all meaningless because a communistic regime ultimately doesn’t take any of this seriously. They play the long game and they deal with human beings on a very primitive level (
Mao buried and burned people alive, Lenin and Stalin were at least as barbaric as Hitler), these regimes ultimately exist on a very primitive level, they look at humans as a commodity (
labor as capital), they are animals, there is no dealing with them, it is pointless to bargain with them, some numbers on a computer screen mean nothing, - they are Scythians, Parthians - they are in the system for advantage, when the advantage of being in is outweighed by the cost they will say screw you and work some mefo scheme or other bilateral trade deals/clearing agreement (
Hitler did this and China and Russia are already doing this today) outside of the “international” cartels (controlled by the US elite and the west) designed to control people and smaller states. Ultimately they will take what they need or want; they will turn back human progress and history three millennia.
China is one giant Ponzi Scheme whose economy is completely dependent on the American Consumer. Plus they lack any natural resources other the coal. They don’t even have enough water. China is now taking their case to the WTO because they know Trump can crush them with tariffs and a trade war.
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