Economics/Class Relations

Peter Zeihan is Wrong about China

I am neither a Sinophobe nor a Sinophile just as I am neither a Russophobe nor a Russophile. The political establishment (neoliberals and neocons) attacks these countries as enemies of humanity, and many on the far left or far right fetishize them. Russia is still a Second World country compared to the West, as it always has been and probably always will be, and China joined modernity only within the last 40 years.

People have been saying that automation will solve to aging crisis for years but technological developments have been slower than predicted and not kept pace with aging demographics. People were saying that automation would help save the Japanese economy but here we are in the 2000’s with the Japanese economy still roughly where it was in 1990. Also, robots don’t pay taxes.

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