The Macro Moment: China Going The Way Of The Soviet Union

Tjis pionts of yours have been taken and I am looking forward to more as well

Talking strictly economically, I don’t know nearly enough about China nor the USSR to say I understand what is going on, but from the little I know it seems that things started to get messy in the USSR because Leonid Brezhnev was a stagnant government and refused to adapt and reform where it was needed. Mikhail Gorbachev on the other hand tried to change too much too fast and ended up accelerating the downfall of the union.

So as far as I can see, and understand, China is still not similar to the USSR. They seem to be doing radical reforms (like you said, I too am not judging if good or bad reforms) but not fast, at least not compared to Gorbachev. So China can still keep growing if they keep adapting at a regular pace, the pace is important because, as professional bureaucrats and technocrats, theoretically they could undo policies and changes that end up being bad for them while keeping the good ones.

PS: although my name is Russian (Igor - Игор) my family is Brazilian and I think I have no Russian relative. Just saying because some Russian friends assume I know their history or politics because of the name hahaha

I read a book called "Why Nations Fail", and it focuses on this aspect of China. The authors believed that the USSR failed due to their lack of freedom, and thus so will the CCP for the same reason. This is a step towards this result I believe.

!LUV

Summary:
The video discusses Task's theory about the potential decline of China, drawing parallels between China's current situation and that of the Soviet Union. Task highlights that the actions of the Chinese Communist Party (CCP), particularly in targeting tech billionaires and companies, could have detrimental economic consequences and stifle innovation in the country. He emphasizes the importance of observing the CCP's actions and their potential economic impacts, urging viewers to assess the situation by considering the historical context of the Soviet Union.

Detailed Article:
Task discusses his theory regarding China's possible decline, pointing out various reasons that could contribute to this outcome. He mentions factors such as China's demographics, lack of global allies, and the US withdrawing from its global policing role as indicators of China reaching its peak and potentially heading backwards.

A significant aspect Task focuses on is the actions of the CCP towards tech billionaires and companies like Alibaba and Tencent. He expresses concern about the potential economic impacts of the CCP's crackdown on these influential entities, suggesting that such actions could hinder innovation and economic progress in China. Drawing parallels to the Soviet Union, Task warns that implementing social constraints before achieving economic growth could lead to significant setbacks.

Task raises a crucial point about the importance of innovation, citing examples like Elon Musk's transformative ventures in various industries. He contrasts the innovation-driven approach of individuals like Musk with the potential stifling of innovation in China due to the CCP's actions against tech companies. Task stresses that a lack of incentives and creativity, akin to what occurred in the Soviet Union, could be detrimental to China's economic development.

Moreover, Task highlights the potential consequences of China losing its manufacturing dominance, with companies diversifying production outside China. He suggests that this shift, combined with restrictions on tech companies and innovation, could further weaken China's economic landscape.

In conclusion, Task urges viewers to monitor the CCP's actions closely for potential economic ramifications, advising them to frame and assess the situation by drawing parallels with the Soviet Union's history. By doing so, Task suggests that China may be at risk of regressing economically and potentially mirroring some of the challenges faced by the Soviets.